Today’s Mortgage Rates: 30 Year Mortgage Rates at 5.14% & 15 Year Mortgage Rates at 4.48%

Today's mortgage rates are lower after nearing a high for 2010 eariler this week.  Mortgage rates started heading higher when the Federal Reserve wound up its purchase of mortgage-backed securities (MBS). Since then conforming mortgage rates have settled back down about 10 basis points. Today's 30 year mortgage rates are currently averaging 5.14 percent, down slightly from 5.17 percent eariler this week.

Current 15 year fixed mortgage rates are also lower. 15 year mortgage interest rates are once again below 4.50 percent at 4.48 percent, down from an average rate of 4.54 percent on Monday.

Looking for current mortgage rates and refinance rates? Search our mortgage rate tables here:

Jumbo Mortgage Rates, Current

Current 30 year jumbo mortgage rates are averaging  5.65 percent, up from an average jumbo mortgage loan rate of 5.59 percent. Current jumbo refinance rates are also averaging 5.65 percent.

Current 15 year jumbo mortgage rates are averaging 5.13 percent, an increase from last week’s average jumbo rate of  5.10. 15 year jumbo refinance rates are also averaging 5.13 percent.

Current Adjustable Mortgage Rates

1 year conforming adjustable mortgage rates are averaging 4.67 percent, unchanged from Monday's average 1 year home loan rate of 4.63 percent. 1 year mortgage refinance rates are also unchanged at 4.67 percent.

Today's 3 year conforming adjustable mortgage rate is at 4.52 percent, down from an average home mortgage rate of 4.61 percent. 3 year refinance rates are also averaging 4.52 percent.

Current 5 year conforming adjustable mortgage interest rates are averaging 3.91 percent, down from last week’s average home loan rate of 4.01 percent. Today's 5 year mortgage refinance rates are also down, the average 5 year refi rate is 3.91 percent.

7 year conforming ARMs are currently averaging 4.42 percent,down from an average 7 year loan interest rate of 4.55 percent. 7 year mortgage refinance rates are also averaging 4.42 percent this week.

Conforming 10 year adjustable mortgage rates are averaging 4.79 percent this week, a decrease from last week’s average mortgage interest rate of 4.84 percent. 10 year home loan refinance rates are also averaging 4.47 percent this week.

Current Jumbo Adjustable Mortgage Rates

Current 1 year jumbo ARMs are averaging in at 5.59 percent, unchanged from Monday's average mortgage interest rate.

Current 3 year jumbo adjustable loans are averaging 5.34 percent, up from an average home loan rate of 5.28 percent. Today's 3 year home refinance rates are also averaging 5.34 percent.

Today's 5 year jumbo ARMs are averaging 4.59 percent, a decrease from an average mortgage rate of 4.61 percent. Current 5 year refinance loan rates are averaging 4.59 percent.

7 year jumbo ARMs are averaging 5.54 percent, down from an average loan mortgage rate of 5.58 percent.7 year loan refinance rates are also averaging 5.54 percent.

10 year jumbo mortgage interest rates are averaging 6.01 percent, unchanged from Monday's average 10 year jumbo rate. 10 year jumbo refinance loan rates are also unchanged at 6.01 percent.

Today's Interest Only Mortgage Rates

The average conforming 3 year interest only mortgage rate is at 4.61%, down from an average mortgage interest rate of 4.70%.

The average 5 year interest only home loan is at 3.97%, down from an average five year interest only mortgage rate of 4.06%.

7 year IO home loans are averaging 4.56%, down from an average interest rate of 4.70%.

3 year jumbo IO loans are averaging 5.90 percent, an increase from Monday's average jumbo interest mortgage rate of 5.78%.

The average 5 year jumbo IO loan rate is at 5.26%, up from an average IO mortgage rate of 5.12%.

The average 7 year jumbo IO loan is at 6.09%, up from an average jumbo 7 year rate of 6.05%.

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.440 percent, unchanged from Monday's average home equity loan rate. 15 year home equity rates averaged 7.620 percent, unchanged from Monday's average home equity rate.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.675 percent, unchanged from Monday's average HELOC rate.
Author: Robert Till
April 22nd, 2010
Posted in: Mortgage Rates