Mortgage Rates: Current Mortgage Interest Rates @ 4.85%- December 1, 2009

Current mortgage interest rates are mixed to slightly lower compared to yesterday’s average mortgage interest rates. 30 year conventional mortgage rates are unchanged and 15 year conventional mortgage rates are down slightly compared to yesterday.

Find the Best Mortgage Rates in your state or zip code by using our Mortgage Rate Tables: Search Mortgage Rate Tables Here

Average 30 year jumbo mortgage rates are at 5.66 percent, up slightly from yesterday’s average mortgage interest rate of 5.65 percent. 15 year jumbo mortgage rates are up to 5.16 percent, up from yesterday’s average mortgage interest rate of 5.12 percent.

Current mortgage interest rates are expected to remain low until the end of 2009. The direction of interest rates in 2010 will be higher since bank rates are so low right now and the Fed will stat raising rates in the new year.

Current Mortgage Rates

The average 30 year mortgage rate is unchanged at 4.85 percent today. Average 30 year rates are near an all time low of 4.84 percent set in May of 2009.

The average 15 year mortgage rate is down to 4.34 percent today, down from the prior day’s average mortgage loan rate of 4.35 percent. Average 15 year home loan rates continue to make new lows daily.

Jumbo Rate Mortgages

Average 30 year jumbo mortgage rates are at 5.66, up from yesterday’s average loan rate of 5.65 percent.

Average 15 year jumbo mortgage rates are at 5.16 percent, up from the previous day’s average interest rate on a 15 year mortgage of 5.12 percent.

Adjustable Rate Mortgages

The average one year adjustable rate mortgage is at 4.11 percent, unchanged from the previous day’s average one year home loan interest rate.

The average three year adjustable mortgage rate is at 4.27 percent today, up from the prior day’s average rate for a three year mortgage loan of 4.20 percent.

The average five year mortgage interest rate is at 4.09 percent, down from yesterday’s average home loan interest rate of 4.11 percent.

Average mortgage rates on a seven year ARM is at 4.46 percent today, down from the prior average home bank loan rate of 4.52 percent.

The average rate on a ten year ARM is at 4.79 percent, down from yesterday’s average 10 year mortgage rate of 4.86 percent.

Jumbo Adjustable Rate Mortgages

The average one year jumbo adjustable rate mortgage is at 5.48 percent, unchanged from yesterday’s average home loan interest rate.

The average three year jumbo loan rate is at 5.40 percent this week, unchanged from yesterday’s average three year mortgage interest rate.

Currently, five year jumbo rates are at 5.43 percent, up from the prior day’s average home mortgage loan rate 0f 5.41 percent.

Current seven year mortgage rates are averaging 5.44 percent, up from yesterday’s average mortgage loan interest rate of 5.39 percent.

10 year mortgage rates are averaging 6.61 percent, down from the prior day’s average mortgage loan rate of 6.65 percent.

Interest Only Mortgages (IO Mortgages)

The average three year interest only mortgage loan rate is at 4.39 percent, down slightly from the previous day’s home loan rate of 4.40 percent.

The average five year IO mortgage loan rate is at 4.20 percent, down from yesterday’s five year mortgage interest rate of 4.23 percent.

The average seven year interest-only mortgage rate is at 4.62 percent today, down from the prior day’s average interest rate of 4.71 percent.

Jumbo Interest Only Mortgages

Average three year jumbo interest-only mortgage rates are at 5.52 percent, down from yesterday’s average mortgage rate of 5.53 percent.

Average five year jumbo IO mortgages are currently at 6.00 percent, up from the prior day’s average IO mortgage interest rate of 5.97 percent.

Average seven year jumbo IO mortgage rates are at 5.74 percent, up from the previous day’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan are at  7.492 percent, down fractionally from yesterday’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates are at 7.622 percent today, down from yesterday’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit (HELOC)

Average home equity line of credit rates are unchanged at 4.904 percent today.

Current mortgage rates, including jumbo rates, can be found in your state or zip code by searching our bank mortgage rate tables. Find Mortgage Rates Here

Real Estate Agents, keep your website and clients up to date with current mortgage rates (rates listed by state) by using our Mortgage Rates Widgets on our website. Your clients will be able to get current mortgage quotes from various lenders.