Refinance Rates: Lower Refinance Rates Today, 30 Year Rates at 3.99%

Refinance rates are lower today as Obama announced a $5 billion to $10 billon plan to help homeowners take advantage of these incredibly low refinance rates. The average refinance rate on 30 year refinance loans are at 3.99%, down from yesterday’s average refinance rate of 4.05%. Current refinance rates on 15 year refinance loans are averaging 3.32%, a decrease from yesterday’s average 15 year refinance rate of 3.35%.

Search and compare refinance rates from many lenders by using our refinance rate table here: mortgagerates.monitorbankrates.com. Unlike most websites, no personal information is needed to view a list of refinance rates.




Refinance rates on 30 year jumbo home loans are averaging 4.35%, down from yesterday’s average 30 year jumbo refinance rate of 4.37%. Current refinance rates on 15 year jumbo refi home loans are averaging 3.58%, down from yesterday’s average 15 year jumbo refinance rate of 3.61%.

Current Refinance Rates


Conforming Adjustable Refinance Loans – Current Refinance Rates


1 year adjustable refinance rates current are averaging 3.62%, up from last week’s average 1 year adjustable jumbo refinance rate of 3.61%.

3 year adjustable refinance rates today are averaging 2.84%, an increase from last week’s average 3 year adjustable refinance rate of 2.79%.

5 year adjustable refinancing rates are averaging 2.70%, an increase from the prior week’s average 5 year adjustable refinance rate 2.65%.

Current 7 year adjustable refi rates are averaging 2.98%, an increase from the previous week’s average 7 year adjustable refinance rate of 2.97%.

10 year adjustable refi rates currently are averaging 3.44%, up from last week’s average 10 year adjustable rate of 3.42%.

Adjustable Jumbo Refinancing Loans – Refinance Rates Today


Current 1 year adjustable jumbo refinance rates are at 4.50%, unchanged from last week’s average adjustable jumbo refinance rate.

3 year adjustable jumbo refinance rates today are averaging lower at 3.50%, an increase from last week’s average 3 year jumbo adjustable refinance rate of 3.33%.

5 year adjustable jumbo refinance rates currently are averaging 2.91%, down from last week’s average jumbo adjustable refinance loans rate of 2.93%.

7 year jumbo adjustable refinance home loan rates today are averaging 3.38%, a decline from last week’s average 7 year adjustable refinance home rate of 3.43%.

10 year jumbo home refinance rates are averaging 3.67%, down from the prior week’s average 10 year jumbo refinance rates of 3.78%.

Conforming Adjustable IO Adjustable Refinance Loans – Current Refinance Rates


3 year interest only adjustable refinance rates and are averaging 3.11%, down from last week’s average interest only refinance rate of 3.12%.

5 year IO adjustable loan refinance rates today are averaging 2.92%,  up from last week’s average five year interest only home refinance rate of 2.87%.

7 year interest only adjustable loan refinance rates are averaging 3.16%, down from last week’s average 7 year interest-only refinance rates of 3.22%.

Adjustable IO Jumbo Refinance Loans – Today's Refinance Rates


Today’s 3 year jumbo refinancing rates are averaging 3.81%, up from last week’s average jumbo adjustable interest only refinance rate of 3.65%.

Current 5 year adjustable jumbo interest only refinance rates are averaging 3.22%, down from last week’s average IO home refinance rate of 3.30%.

Today’s 7 year jumbo interest only adjustable refinance rates are averaging 3.48%, down from last week’s average jumbo 7 year home refinance  loan rate of 3.53%.
 
 
Author: Brian McKay
February 1st, 2012
Posted in: Mortgage Rates