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current-mortgage-rates-at-518-10-year-treasury-yields-at-345Current mortgage rates are stable today as 10-year Treasury yields hover just below 3.50 percent. Today’s conforming fixed 30-year mortgage rates have risen slightly to 5.18 percent from yesterday’s rate of 5.15 percent. 15-year mortgage rates are averaging 4.58 percent currently, up from an average mortgage rate of  4.57 percent on Monday.

Looking for the lowest mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find Mortgage Interest Rates here

Average jumbo mortgage rates are mixed today, 30-year jumbo rate mortgages are lower and 15-year jumbo mortgage rates are higher. Current  30-year jumbo mortgage rates are just under 6.00 percent at 5.99 percent, down from last week’s average mortgage rate of 6.02 percent. The average rate for 15-year jumbo mortgages is up to 5.53 percent this week, a slight increase from last week’s average rate of  5.46 percent.

Adjustable rate mortgages are lower today, current 5/1 adjustable mortgage rates are at 4.34 percent, up from the prior week’s average rate of 4.32 percent. Wells Fargo is currently advertising conforming 5/1 adjustable rate mortgage at 4.00 percent.

Description This Week Last Week
Home Equity Line of Credit 4.862% 4.875%
Home Equity Loan - 10 Years 7.621% 7.644%
Home Equity Loan - 15 Years 7.748% 8.532%
15 Year Fixed Conforming 4.587% 4.753%
15 Year fixed Jumbo 5.532% 5.461%
30 Year Fixed Conforming 5.186% 5.238%
30 Year Fixed Jumbo 5.995% 6.023%
1 Year ARM Conforming 4.350% 4.484%
1 Year ARM Jumbo 4.625% 4.625%
3/1 Year ARM Conforming 4.573% 4.649%
3/1 Year ARM Jumbo 5.144% 5.406%
5/1 Year ARM Conforming 4.342% 4.323%
5/1 Year ARM Jumbo 5.130% 5.172%
7/1 Year ARM Conforming 4.704% 4.875%
7/1 Year ARM Jumbo 5.684% 5.688%
10/1 Year ARM Conforming 5.204% 5.163%
10/1 Year ARM Jumbo 6.006% 6.000%
Interest Only: 3/1 Year ARM Conforming 4.686% 4.731%
Interest Only: 3/1 Year ARM Jumbo 5.368% 5.563%
Interest Only: 5/1 Year ARM Conforming 4.453% 4.472%
Interest Only: 5/1 Year ARM Jumbo 5.460% 5.542%
Interest Only: 7/1 Year ARM Conforming 4.914% 4.915%
Interest Only: 7/1 Year ARM Jumbo 5.890% 5.788%
 
Author: Brian McKay
September 15th, 2009
Posted in: Mortgages

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