Current Mortgage Rates: 30 Year Mortgage Rates at 5.00%

Current mortgage rates were mixed this past week. Conforming 30 year mortgage rates and 15 year mortgage rates are lower this week compared to last week.

30 year jumbo mortgage rates were also lower this week but 15 year jumbo mortgage rates increased over last week.

10-year Treasury yields were also lower this past week, touching a low of 3.14 percent early Friday morning, down from 3.30 percent earlier in the week. The recession is expected to end next quarter but growth won’t be as strong as previous recoveries, primarily due to tight credit and the need for households to unload debt.

Looking for the best mortgage rates? Use our mortgage rate tables to find today’s mortgage rates in your state or zip code. Best Mortgage Rates Here

Current Mortgage Rates 

Conforming 30 year mortgage rates are currently lower this week than last week, current mortgage rates are at 5.00 percent, down from last week’s average mortgage rate of 5.08 percent. Conforming 15 year mortgage rates are back under 4.50 percent at 4.45 percent, down from the prior week’s average mortgage rate of 4.57 percent.

Jumbo Mortgage Rates

30 year jumbo mortgage rates are currently lower this week, current mortgage rates are at 5.83 percent this week, down from last week’s average mortgage rate of 5.98 percent. 15 year jumbo mortgage rates are up this past week, the current jumbo mortgage rate is at 5.57 percent, up from last week’s average mortgage rate of 5.46 percent.

Adjustable Mortgage Rates

Adjustable mortgage rates are also mixed this past week.

• One year conforming adjustable mortgage rates are currently at 4.28 percent this week, up from the prior week’s average adjustable mortgage rate of 4.25 percent.
• One year jumbo adjustable mortgage rates at 5.48 percent this week, down from the prior week’s average mortgage rate of 5.50 percent.
• Conforming 3/1 adjustable mortgage rates are down to 4.33 percent this week, down from the previous week’s average mortgage rate of 4.44 percent.
• Jumbo 3/1 adjustable rate mortgages are down to 5.56 percent this week, down from 5.90 percent last week.
• Conforming 5/1 ARMs are down to 4.06 percent this week, down from last week’s average 5 year average mortgage rate of 4.08 percent.
• The average jumbo 5/1 ARM is at 4.90 percent this week, down from last week’s average jumbo ARM rate of 4.96 percent.
• 7/1 conforming ARMs are averaging 4.45 percent, down from last week’s average mortgage rate of 4.63 percent.
• Conforming 10 year mortgage rates are at 4.87 percent, down from last week’s mortgage rate of 4.89 percent.
• Jumbo 10 year mortgage rates are averaging 6.04 percent, up from last week’ average mortgage rate of 5.99 percent.

Mortgage Rates Interest Only

• 3/1 interest only conforming mortgage rates are at 4.40 percent this week, down from 4.52 percent.
• Jumbo 3/1 interest only mortgage rates are at 5.82 percent, down from last week’s average mortgage interest rate of 5.90 percent.
• Conforming 5/1 mortgage rates - interest only are at 4.09 percent, down from 4.26 percent the prior week.
• Jumbo 5/1 mortgage rates -  interest only are at 5.39 percent, down from 5.45 percent.
• Conforming interest only 7/1 mortgage rates current at 4.62 percent, down from 4.81 percent the prior week
• Jumbo 7/1 IO mortgage rates are at 6.05 percent, down from 6.21 percent the previous week.

Home Equity

• 10 year home equity loan rates are at 7.59 percent this week, down from the prior week’s average home equity rate of 7.65 percent.
• 15 year home equity rates are at 7.70 percent this week, down from last week’s average home equity rate of 8.54 percent.
• Home equity line of credit (HELOC) rates are at 4.87 percent this week, down from the prior week’s average HELOC rate of 4.97 percent.

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