Current mortgage rates are mixed this week, 30-year conforming fixed mortgage rates are down and 30-year jumbo mortgage rates are higher this week over last.
Today’s conforming fixed 15-year mortgage interest rates are down and 15 year jumbo home mortgage rates are higher. 10-year Treasury yields are back above 3.50 percent as of Monday morning, contributing to the slight rise in jumbo rate mortgages and shorter term adjustable rate mortgages. Higher Treasury yields will mean higher mortgage interest rates this coming week.
Looking for mortgage interest rates, including jumbo mortgage rates? Use our bank mortgage rate tables to find the best mortgage rates. Best Mortgage Rates
Low mortgage rates are supporting the housing market. Last week the National Association of Realtors reported existing home sales were up considerably in September. Existing home sales were up 9.4 percent to a seasonally adjusted annual rate of 5.57 million, up from a level of 5.10 million in August.
This morning the Standard & Poor’s/Case-Shiller home price index shows home prices in 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5.
Mortgage Rates: Current Mortgage Rates
Current 30 year conforming mortgage rates are at 5.08 percent, down from 5.10 percent the prior week. Conforming 15 year mortgage loan rates are down to 4.50 percent from the previous week’s mortgage rate of 4.60 percent.
Jumbo Home Mortgage Rates
Average rates on a 30 year jumbo home mortgage is currently at 5.85 percent, up from last week’s average jumbo interest rate of 5.80 percent. 15 year jumbo interest mortgage rates are averaging 5.30 percent this week, up from last week’s average mortgage rate of 5.23 percent.
Adjustable Mortgage
Average rates on one year conforming adjustable mortgages are at 4.35 percent, up from last week’s average interest rate of 4.32 percent. One year jumbo adjustable mortgage rates are at 5.28 percent, down from last week’s average of 5.49 percent.
Conventional 3/1 adjustable mortgages are averaging 4.41 percent, up slightly from last week’s rate of 4.40 percent. Jumbo 3/1 ARMs are averaging 5.47 percent, down from the prior week’s rate of 5.53 percent.
5/1 conforming adjustable loan rates are averaging 4.15 percent this week, up from last week’s rate of 4.05 percent. Jumbo 5/1 home loan rates are averaging 4.94 percent, up from 4.91 percent.
7/1 conventional adjustable mortgage loans are averaging 4.53 percent, up from the prior week’s average of 4.52 percent. The average jumbo 7/1 adjustable mortgage interest rate is at 5.66 percent, down from 5.69 percent last week.
The average rate for a 10/1 ARM is currently at 4.95 percent this week, up from last week’s average interest rate of 4.83 percent. 10/1 jumbo rates are averaging 6.12 percent, up from 6.07 percent.
Home Equity
Average home equity rates were down this week. The current 10 year equity home loan is at 7.46 percent, down from last week’s average home equity rate of 7.65 percent. 15 year home equity rates are averaging 7.59 percent this week, down from the prior week’s average equity loan rate of 7.60 percent.
Home Equity Line of Credit
The average home equity line of credit (HELOC) rate is averaging 4.86 percent this week, down slightly from last week’s average HELOC rate of 4.87 percent.
