Current mortgage rates are lower as 10-year U.S. Treasury yields slip below 3.40 percent. Both conforming mortgage rates and jumbo mortgage rates are lower. Current 30-year mortgage rates are at 5.11 percent, down from 5.23 percent set earlier this week. 15-year mortgage rates are down to 4.57 percent, down from 4.75 percent on Monday.
Current Adjustable Mortgage Rates
Average shorter term adjustable rate mortgages are also down. Conforming one-year adjustable mortgage rates are at 4.34 percent, down from 4.48 percent set on Monday. 3-year conforming adjustable rate mortgages are down to 4.46 percent, down from Monday’s rate of 4.65 percent.
Average conventinal 5-year adjustable rate mortgages are up to 4.30 percent, up from Monday’s average mortgage rate of 4.26 percent. 5-year jumbo ARMs are averaging 5.16 percent, down from Monday’s average rate of 5.22 percent.
Current mortgage rates for a conforming 7-year ARM is at 4.65 percent, down from 4.87 percent set earlier this week. The average jumbo 7/1 mortgage rate is currently at 5.89 percent, up from Monday’s rate of 5.84 percent.
Conforming 10-year mortgage rates are averaging 5.11 percent, unchanged from Monday’s average 10-year mortgage rate. The average jumbo 10/1 adjustable rate mortgage is at 6.08 percent, up from Monday’s average rate of 6.06 percent.
Author: Brian McKay
September 18th, 2009
