Home Mortgage Rates Lower: 30 Year Mortgage Rates at 4.28%, 15 Year Mortgage Rates at 3.81%

Mortgage rates are lower this week, continuing the downtrend. Fixed 30 year mortgage rates have made new all time lows this morning. 30 year mortgage rates are averaging 4.28 percent today, down from an average 30 year mortgage interest rate of 4.40 percent earlier this week. Fixed 30 year mortgage rates in California are higher averaging 4.47 percent.

15 year conforming mortgage rates today are averaging 3.81 percent, down from an average 15 year home mortgage rate of 3.86 percent earlier this week. Current 15 year mortgage rates in Minnesota are a little higher averaging 3.83 percent.  




30 year jumbo mortgage rates today are down 15 basis points from Monday's average 30 year jumbo mortgage rate. Current 30 year jumbo mortgage interest rates are averaging 4.86 percent, down from an average 30 year jumbo rate of 5.01 percent on Monday. The average 30 year jumbo rate in Florida is considerably higher averaging 5.09 percent.

15 year jumbo mortgage rates today are averaging 4.31 percent, down from Monday’s average 15 year jumbo home mortgage interset rate of 4.39 percent. 15 year Illinois jumbo mortgage rates are higher than the national average jumbo rate. 15 year jumbo mortgage rates today in Illinois are averaging 4.44 percent. 

Following is a more in-depth mortgage rate report released by MonitorBankRates earlier this week:

Mortgage Rates


Current 30 year mortgage rates are averaging 4.40 percent, a decline from last week’s average 30 year home mortgage interest rate of 4.42 percent. 30 year refinance mortgage rates today are also lower, averaging 4.40 percent. 30 year mortgage rates in Georgia are even lower today, averaging 4.36 percent.

15 year mortgage rates are averaging 3.86 percent, down from the previous week’s average 15 year mortgage interest rate of 3.87 percent. 15 year refinance mortgage rates are also lower, averaging 3.86 percent. 15 year Michigan mortgage rates are averaging 3.85 percent.

Jumbo Mortgage Rates


30 year jumbo mortgage rates are averaging 5.01 percent, an increase from the prior week’s average 30 year jumbo mortgage interest rate of 5.00 percent. 30 year jumbo refinance mortgage rates are also slightly higher by averaging in at 5.01 percent. 30 year Nevada jumbo mortgage rates are under 5.00 percent, averaging 4.98 percent.

Current 15 year jumbo mortgage loan rates are averaging lower at 4.39 percent, down from the prior week’s average jumbo mortgage loan rate of 4.57 percent. 15 year jumbo mortgage refinance rates today are also lower at 4.39 percent. The average 15 year California jumbo mortgage loan rates are considerably higher – averaging 4.71 percent.

Conforming Adjustable Mortgage Loan Rates


1 year adjustable mortgage rates are averaging 3.15 percent, down from last week’s average 1 year adjustable home mortgage interest rate of 3.20 percent. 1 year conforming adjustable refinance mortgage rates are also lower this week, averaging 3.15 percent.

3 year adjustable mortgage rates are averaging 3.49 percent, down from last week’s average 3 year adjustable mortgage loan rate of 3.80 percent. 3 year mortgage refinance rates today are also averaging 3.49 percent.

5 year adjustable mortgage loan rates currently are averaging 3.30 percent, down from the prior week’s average mortgage rate of 3.44 percent. 5 year refinance home loan rates today are also averaging lower at 3.30 percent.

7 year adjustable mortgage loan interest rates are averaging 3.52 percent, down from the previous week’s average 7 year home mortgage rate of 3.69 percent. Today’s 7 year refinance mortgage loan rates are averaging 3.52 percent.

10 year adjustable bank mortgage loan rates are averaging 3.91 percent this week, down slightly from last week’s average 10 year adjustable mortgage rate of 4.03 percent. 10 year home mortgage refinance rates today are also averaging 3.91 percent.

Adjustable Jumbo Mortgage Loan Rates


1 year jumbo adjustable loan mortgage rates are averaging 5.32 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan mortgage interest rate. 1 year jumbo refinance loan mortgage rates today are unchanged at 5.32 percent.

3 year adjustable jumbo mortgage rates today are unchanged from last week’s average jumbo mortgage loan rate of 4.06 percent.  Current 3 year jumbo refinance mortgage rates today are also unchanged at 4.06 percent.

5 year adjustable jumbo mortgage rates today are averaging 3.71 percent, a decrease from last week’s average mortgage rate of 3.83 percent. 5 year jumbo mortgage loan refinance rates today are also lower at 3.71 percent.

7 year jumbo adjustable mortgage rates today are averaging 4.42 percent, up from last week’s average 7 year home mortgage loan rate of 4.38 percent. 7 year jumbo refinance mortgage rates today are also higher, averaging 4.42 percent.

10 year loan jumbo mortgage rates are averaging 5.01 percent, down from the prior week’s average 10 year jumbo home mortgage rate of 5.02 percent. 10 year jumbo home loan refinance interest rates today are also averaging 5.01 percent.

Conforming Interest Only Adjustable Mortgage Rates


3 year interest only adjustable mortgage loan rates are averaging 3.68 percent, down from last week’s average interest only mortgage loan rate of 3.97 percent. 3 year interest only adjustable refinance mortgage rates are also lower at 3.68 percent.

5 year interest only adjustable bank mortgage rates today are averaging 3.46 percent, down from last week’s average five year interest only mortgage loan rate of 3.62 percent. Today’s 5 year interest only adjustable refinance mortgage rates are averaging 3.46 percent.

7 year interest only adjustable mortgage loan rates are averaging 3.67 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.84 percent. 7 year adjustable refinance rate mortgages today are averaging 3.68 percent.

Interest Only Jumbo Adjustable Mortgage Rates


3 year jumbo interest only adjustable mortgage rates today are averaging 4.42 percent, down from last week’s average jumbo adjustable interest only mortgage rate of 4.43 percent. 3 year interest only adjustable jumbo refinance rates today are averaging 4.42 percent.

5 year adjustable jumbo loan interest only mortgage rates today are averaging 4.29 percent, up from last week’s average IO home mortgage interest rate of 4.26 percent. 5 year jumbo adjustable IO loan rates are also higher, averaging 4.29 percent.

7 year jumbo IO loan adjustable mortgage rates are averaging 4.81 percent, down from an average jumbo 7 year home mortgage rate of 4.85 percent last week. 7 year jumbo adjustable interest-only mortgage rates today are also averaging lower at 4.81 percent.

Home Equity Loan Rates


Current 10 year home equity loan rates are averaging 6.777 percent, unchanged from the previous week’s average home equity loan rate.

15 year home equity rates today are averaging 7.107 percent, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates


Home equity line of credit rates are averaging 4.913 percent, unchanged from last week’s average HELOC rate.
 
 
Author: Brian McKay
September 24th, 2010
Posted in: Bank Mortgage Rates