Refinance Rates: Lenders Lower Refinance Rates Today Tuesday October 18, 2011

Refinance rates declined following 10 year bond yields lower. As a result average refinance rates are lower because lenders have lowered the rates they offer. Today's refinance rates on 30 year loans are averaging 4.15%, a decline from yesterday’s average 3o year refinancing rate of 4.19%. Current refinance rates on 15 year conforming loans are also lower averaging 3.45%, down from yesterday's average 15 year refi rate of 3.49%.


Search and compare current refinance rates from from multiple lenders by using our refinance rate tables here: Current Refinance Rates. Unlike most websites, no personal information is needed to view a list of mortgage rates.




Current jumbo refinance rates also declined today. The average national 30 year jumbo refi rate today is at 4.59%, down from yesterday’s average 30 year jumbo rate of 4.63%. 15 year jumbo refinance rates currently are averaging 3.82%, down from yesterday’s average 15 year jumbo refi rate of 3.87%.

Following is a more in-depth refinance rate report released yesterday by MonitorBankRates.com

Refinance Rates


Today’s Conforming Adjustable Refinance Rates


1 year adjustable refinance rates today are averaging 3.75%, up from last week’s average 1 year adjustable jumbo refinance rate of 3.72%.

3 year adjustable refinance rates current are averaging 2.75%, down from last week’s average 3 year adjustable refinance rate of 2.76%.

5 year adjustable refinancing rates are averaging 3.06%, a decrease from the prior week’s average 5 year adjustable refinance rate of 3.15%.

Current 7 year adjustable mortgage refi rates are averaging 3.11%, down from the previous week’s average 7 year adjustable mortgage rate of 3.19%.

10 year adjustable refi mortgage rates currently are averaging 3.58%, down from last week’s average 10 year adjustable rate of 3.60%.

Adjustable Jumbo Refinance Mortgage Rates Today


Current 1 year jumbo adjustable mortgage loan refinance rates are at 4.05%, no change from last week’s average adjustable jumbo mortgage refinance rate.

3 year adjustable jumbo refinance rates today are averaging lower at 3.56%, an increase from last week’s average 3 year jumbo adjustable refinance rate of 3.40%.

5 year adjustable jumbo refinance mortgage rates currently are averaging 3.02%, down from last week’s average jumbo adjustable refinance loans rate of 3.11%.

7 year jumbo adjustable refinance home loan rates today are averaging 3.66%, down from last week’s average 7 year adjustable refinance home mortgage rate of 3.69%.

10 year jumbo home refinance rates are averaging 3.97%, down from the prior week’s average 10 year jumbo mortgage refinance rates of 4.02%.

Conforming IO Adjustable Refinance Rates Today


3 year interest only adjustable mortgage refinance rates and are averaging 3.11%, down from last week’s average interest only refinance rate of 3.31%.

5 year IO adjustable loan refinance rates today are averaging 3.24%, down from last week’s average five year interest only  home refinance rate of 3.45%.

7 year interest only adjustable loan refinance rates are averaging 3.45%, down from last week’s average 7 year interest-only refinance rates of 3.47%.

Jumbo Interest Only Refinance Rates Currently


Today’s 3 year jumbo refinancing rates are averaging 3.78%, down from last week’s average jumbo adjustable interest only refinance rate of 3.57%.

Current 5 year adjustable jumbo interest only refinance rates are averaging 3.53%, up from last week’s average IO home refinance mortgage rate of 3.52%.

Today’s 7 year jumbo interest only adjustable refinance rates are averaging 3.88%, up from last week’s average jumbo 7 year home refinance loan rate of 3.82%.
 
 
Author: Brian McKay
October 18th, 2011
Posted in: Mortgage Rates