30 year Mortgage Rates Decrease to 4.95% 15 year Rates at 4.33%

30 year mortgage rates were down in the latest mortgage survey released this morning. 30 year fixed mortgage rates averaged 4.95 percent for the week ending March 11, 2010 in the today’s Primary Mortgage Market Survey released by Freddie Mac. Average mortgage discount points on 30 year mortgages remained the same at 0.7 points.

Looking for mortgage rates? Find current rates  by using our rate tables: MortgageRates.MonitorBankRates.com.

The average 15 year fixed mortgage rate is down to 4.32 percent for the week ending March 11, 2010, a decrease from last week’s average mortgage rate of 4.33 percent. Mortgage discount points averaged 0.7 points, unchanged from the prior week.

5 year Treasury indexed adjustable mortgage rates are closing in on 4.00 percent. The average 5 year adjustable mortgage rate is at 4.05 percent, down from the previous week’s average mortgage rate of 4.11 percent. Average mortgage discount points were unchanged at 0.6 points.

1 year Treasury indexed adjustable mortgage rates averaged 4.22 percent this week, down from the previous week’s average interest rate of 4.27 percent. Mortgage points were unchanged at 0.6 points.

Looking for refinance rates? MonitorBankRates.com released its Weekly Refinance Rate Report yesterday, which follows:

Refinance Rates – Fixed Conforming

30 year jumbo mortgage refinance rates are also down 19 basis points this week over last. 30 year jumbo refinance rates are averaging 5.57%, down from the prior week’s average refinance rate of 5.76%.

15 year jumbo refinance rates are now under 5.00 percent. 15 year jumbo mortgage refinance rates are at 4.98%, down from the prior week’s average refi rate of 5.13 percent.

Refinance Adjustable Mortgage Rates – Conforming

The average conforming 1 year adjustable refinance loan rate is at 4.40% this week, a decrease from last week when 1 year refinance loan rates averaged 4.67%.

The average conforming 3 year adjustable refinance rate is at 4.44% this week, down from last week’s mortgage loan refinance rate of 4.63%.

5 year adjustable refinance interest mortgage rates are averaging 3.88% this week, a decrease from last week’s average mortgage refinance interest rate of 4.01%.

7 year conforming mortgage refinance rates are at 4.38%, down from last week’s average mortgage refinance rate of 4.50%.

10 year refinance mortgage rates are averaging 4.77%, down from last week’s home equity refinance rate of 4.80%.

Jumbo Adjustable Refinance Mortgage Rates

1 year jumbo adjustable refinance rates are at 5.59%, unchanged from last week’s average refinance rate.

The average refinance rate for a 3 year jumbo ARM is at 5.18%, down from last week’s average adjustable refinance loan rate of 5.36%.

5 year jumbo refinance interest rates are at 4.58% this week, a decrease from last week’s average bank refinance rate of 4.70%.

The average 7 year jumbo refinance home loan rate is at 5.46% this week, down from the prior week’s average refinance home loan rate of 5.75%.

10 year home refinance rates are averaging 5.81% this week, a decrease from the previous week’s average 10 year home refinance rate of 5.96%.