Mortgage Rates Mixed: Mortgage Applications Decrease: MBA

Mortgage rates were mixed in the latest Mortgage Applications Survey released by the Mortgage Bankers Association this morning. 30 year  mortgage rates and one year adjustable mortgage rates were down slightly in this week’s survey and 15 year mortgage rates were higher.

Applications for mortgages also decreased this week even though mortgage interest rates for the most popular mortgage product, 30 year mortgages, decreased. Mortgage refinance applications also decreased this week over last.

Looking for mortgage interest rates, including jumbo mortgage rates? Use our bank mortgage rate tables to find the best mortgage rates. Current Mortgage Rates

Mortgage Interest Rates

The average contract mortgage rate for 30 year fixed-rate mortgages is currently at 5.04 percent, down from last weeks’ average interest rate of 5.07 percent. Average discount points increased to 1.25 this week from 1.13 points last week.

The average contract mortgage interest rate for 15-year fixed-rate mortgages is at 4.53 percent this week, up from the previous week’s average mortgage rate of 4.51 percent. Average discount points decreased to 0.78 from 0.96 the week prior.

The average contract rate for one year adjustable rate mortgages is at 6.79 percent this week, down from the previous week’s average contract mortgage rate of 6.86 percent. Average discount points also decreased this week to 0.29, down from last week’s average of 0.31.

Jumbo Rate Mortgages

MonitorBankRates.com reported on jumbo mortgage rates eariler this week, here is the report.

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.

Find today’s mortgage interest rates, including jumbo mortgage rates, by using our bank mortgage rate tables to find the best mortgage rates in your area. Find Today’s Mortgage Rates