Mortgage rates are higher in the latest mortgage survey for 2009. This week’s increase in mortgage rates is the fourth consecutive week of increases. Even with four weeks of increases, 30 year mortgage rates are just above 5.00 percent but are expected to head as high as 6.00 in 2010.

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

In this week’s Primary Mortgage Market Survey, conforming 30 year mortgage interest rates increased to 5.14 percent  with an average mortgage discount point of 0.7 points for the week ending December 31, 2009. Last week the average mortgage rate for 30 year mortgages was 5.05 percent. This time last year 30 year home loan rates were at 5.10 percent.

15 year mortgage rates increased to 4.54 percent with an average 0.7 mortgage discount points, up from last week’s average mortgage rate of 4.45 percent. A year ago 15 year mortgage interest rates were at 4.83 percent.

Treasury indexed hybrid 5 year adjustable mortgage rates increased to 4.44 percent this week with average mortgage points remaining the same at 0.6 points. A week prior, 5 year adjustable rate mortgages were averaging 4.40 percent. Last year at this time, 5 year home loan rates were higher at 5.57 percent.

One year Treasury indexed hybrid adjustable mortgage rates averaged 4.33 percent this week with an average 0.6 mortgage points, down slightly from last week’s average one year mortgage loan rate of 4.38 percent. A year ago, one year ARMs averaged 4.85 percent.

For a more extensive report on current mortgage rates, Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Conforming Fixed Mortgage Rates

30-year mortgage rates jumped above 5.00 percent to 5.13 percent this week, up from the previous week’s average mortgage rate of 4.94 percent.

15-year mortgage rates are back above 4.50 percent at 4.53 percent, up from last week’s average home loan mortgage rate of  4.39 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.92% this week, up from the prior week’s mortgage interest rate of 5.71%.

15 year jumbo home loan rates are averaging 5.34% this week, up slightly from the last week’s home interest loan rate of 5.20%.

Adjustable Mortgage Rates – Conforming ARMs

1-year adjustable mortgage rates are averaging at 4.52% this week, up from the prior week when one year home loans were averaging 4.23%.

3-year adjustable rate mortgages are averaging 4.56%, up from last week’s average loan rate of 4.44%.

5-year adjustable mortgage interest rates are at 4.28 percent this week, down from the previous week’s average mortgage rate of 4.18%.

7-year adjustable home loans are averaging 4.77%, up from last week’s average loan rate of 4.68%.

The average 10-year ARM is at 5.14%, up from the previous week’s average home finance rate of 5.01%.

Adjustable Mortgage Rates – Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, down from the prior week’s average mortgage finance interest rate of 5.56%.

The average 3-year jumbo ARM is at 5.62% this week, up from last week’s adjustable rate of 5.51%.

5-year jumbo ARMs are averaging 5.19% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.03%.

7-year jumbo ARMs are averaging 5.60% this week, up from last week’s average rate of 5.49 percent.

The average 10-year jumbo is at 6.15 percent, up from the prior week’s average 10-year mortgage rate of 6.05 percent.

Interest Only Mortgage Rates (IO Loans) - Conforming

3-year interest only mortgage rates are averaging 4.69 percent this week, up from last week’s average interest rate of 4.52%.

5-year interest only loans are averaging 4.40 percent this week, up from last week when five year interest only mortgages averaged 4.29%.

7-year IO loan rates are averaging 5.00 percent this week, up from last week’s average interest rate of 4.89%.

Jumbo Interest Only Mortgage Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, up from last week’s jumbo interest mortgage average rate of 5.68%.

5-year jumbo IO loan rates are averaging 5.63 percent, up from the prior week’s average IO mortgage rate of 5.43 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.96 percent, up from last week’s average jumbo rate of 5.87 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.331% this week, down slightly from last week’s average equity home loan rate of 7.332%. 15 year home equity rates decreased to 7.410%, down slightly from the prior week’s average equity loan rate of 7.411%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.912% this week, up from last week’s average HELOC rate of 4.900%.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates