Mortgage Rates: 30 Year Mortgage Rates Decrease to 4.94% and 15 Year Mortgage Rates Unchanged at 4.33%

Mortgage Rates were mixed in the latest mortgage survey released this morning. 30 year mortgage rates are at 4.94 percent in the most recent Weekly Mortgage Applications Survey released by the Mortgage Bankers Association.

The average contract mortgage rate for 15 year mortgages is at 4.33 percent, unchanged from the prior week’s average mortgage rate. The average contract mortgage rate for 1 year adjustable mortgages is down to 6.68 percent, a decrease from the prior week’s average adjustable mortgage rate of 6.70 percent.

Looking for mortgage rates? Find today’s mortgage rates by using our mortgage rate tables: Today’s Mortgage Rates.

Lower mortgage rates didn’t stop the mortgage survey from decreasing. The MBA’s Market Composite Index, which measures mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier.

Refinance mortgage applications also decreased in the latest survey, The Refinance Index, which measures mortgage applications for mortgage refinancing increased 1.4 percent from one week earlier.

For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:

Today’s Mortgage Interest Rates

The average conforming 30 year mortgage interest rate is at 5.01 percent this week, down from last week’s average home loan rate of 5.05 percent.

15 year conforming mortgage interest rates are at 4.35 percent this week, down from the prior week’s average interest rate of 4.40 percent.

Fixed Jumbo Mortgage Rates

Fixed 30-year jumbo home loan rates are averaging 5.65% this week, down from the previous week’s average jumbo mortgage rate of 5.74%.

Fixed 15 year jumbo home loans are averaging 5.11% this week, down from last week’s average jumbo loan rate of 5.21%.

Conforming Adjustable Mortgage Rates

Conforming 1 year adjustable mortgage rates are averaging 4.25% this week, up from last week’s average 1 year home loan rate of 4.23%.

Conforming 3 year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average home loan rate of 4.42%.

Conforming 5 year adjustable mortgage rates are averaging 4.16% this week, up from the previous week’s average interest rate of 4.14%.

Conforming 7 year adjustable mortgage rates are averaging 4.40%, down from last week’s average loan rate of 4.59%.

Conforming 10 year mortgage rates are averaging 4.88%, down from the previous week’s average mortgage rate of 4.99%.

Adjustable Jumbo Mortgage Rates

1 year jumbo adjustable mortgage rates are averaging 5.65% this week, up from the prior week’s average home mortgage loan rate.5.30%.

The average jumbo 3-year jumbo ARM is at 5.05% this week, down from last week’s average adjustable home loan rate of 5.25%.

5 year jumbo ARMs are averaging 4.76% this week, down from the prior week’s average home interest mortgage rate 0f 4.91%.

7 year jumbo ARMs are averaging 5.50% this week, up from last week’s average loan mortgage rate of 5.44%.

The average 10 year jumbo mortgage rate is at 5.83%, down from the prior week’s average 10 year mortgage rate of 5.92%.

Conforming Interest Only Mortgage Rates

3 year interest only mortgage rates are averaging 4.60% this week, up from the prior week’s average interest rate of 4.59%.

5 year interest only loans are averaging 4.27% this week, down from last week’s average five year interest only mortgage rate of 4.31%.

7 year interest only home loans are averaging 4.62% this week, down from last week’s average interest rate of 4.75%.

Jumbo Interest Only Mortgage Rates

3 year jumbo interest only mortgages are averaging 5.55% this week, down from last week’s jumbo interest mortgage rate of 5.58%.

5 year jumbo IO loan rates are averaging 5.32%, up from the prior week’s average IO mortgage rate of 4.91%.

The average jumbo 7 year IO loan mortgage rate is at 6.05%, up from last week’s average jumbo rate of 5.85%.

Home Equity Loans Rates

The average home equity loan rate was down this week over last. 10 year home equity loan rates decreased to 7.357% this week, down from last week’s average equity home loan rate of 7.416%. 15 year home equity rates are down to 7.5172%, down from the prior week’s average home equity rate of 7.517%.

Home Equity Line of Credit (HELOC) Rates

Average home equity line of credit rates were down this week over last. The average HELOC rate is at 4.669% this week, down from last week’s average HELOC rate of 4.905%.

Looking for today’s mortgage interest rates? Current mortgage rates including jumbo mortgage rates can be found in your state or zip code by using our mortgage rate tables. Today’s Mortgage Interest Rates