Mortgage rates are mixed this week, 30-year fixed mortgage rates were down and 30-year jumbo mortgage rates were also down. Average mortgage rates for fixed 15-year mortgages were down the most while 15-year jumbo mortgage rates were up. For the holiday shorted week 10-year U.S Treasury yields hit a high of 3.52 percent last Tuesday and a low of 3.27 percent on Friday.

The housing market is stabilizing thanks to current low mortgage rates, the Standard & Poor’s Case-Shiller Home Price Indices has showed home prices stabilizing and actually increasing in metropolitan regions across the United States. This past week, the Mortgage Bankers Association’s weekly mortgage application survey showed mortgage volume increasing thanks to lower current mortgage rates. Mortgage loan applications were up for home purchases and mortgage refinancing. 

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Today’s Mortgage Rates 

Fixed conforming 30-year mortgage rates are down to 5.15 percent this week, a decrease of 0.08 percent from last week’s average mortgage rate of 5.23 percent. The average rate for 30-year jumbo mortgage is at 6.00 percent this week, down slightly from last week’s average mortgage rate of 6.02 percent.

Fixed conforming 15-year mortgage rates were down substantially this week over last, the current average mortgage rate is 4.57 percent, down from last week’s average loan rate of 4.75 percent. Fixed jumbo 15-year mortgage rates were up to 5.55 percent this week, last week’s average mortgage rate was 5.46 percent.

Adjustable mortgage rates were also mixed this week over last week, conforming 0ne-year adjustable rate mortgages are down to 4.30 percent, down from the prior week’s national average mortgage rate of 4.48 percent. Jumbo one-year adjustable rate mortgages were down slightly to 4.61 percent from the prior week’s average mortgage rate of 4.62 percent.

Conventional 3/1 adjustable mortgage rates were up to 4.65 percent this week, last week’s average mortgage interest rate was 4.64 percent. Jumbo 3/1 adjustable rate mortgages are averaging 5.08 percent, a big drop from last week’s average rate of 5.40 percent

5/1 conforming adjustable mortgage rates are averaging 4.32 percent, unchanged from the prior week’s average mortgage loan rate. Jumbo 5/1 adjustable rate mortgages are averaging 5.15 percent, down from the previous week’s average rate of 5.17 percent.

Interest Only Mortgage Rates

Jumbo 3/1 interest only mortgage rates are down to 5.30 percent this week, a big decrease from the prior week’s average mortgage rate of 5.56 percent. Conforming 3/1 interest only mortgage rates are up slightly to 4.65 percent, up from last week’s average IO mortgage rate of 4.64 percent.

Home Equity Loan Rates

15-year home equity loan rates are averaging 7.74 percent this week, down from the prior week’s average rate of 8.53 percent. 10-year home equity loan rates are also down this week, the current rate is 7.62 percent, down from the prior week’s average rate of 7.64 percent.