Mortgage rates have retreated from the recent highs set earlier this month. Fixed conforming 30 year mortgage rates are currently averaging 5.14 percent this week, down slightly from the previous week’s average 30 year mortgage rate of 5.17 percent. Although 30 year mortgage rates have increase from a low of 4.84 percent this year, rates are still near historic lows. Near-record low mortgage rates and the First Time Home-Buyer Tax Credit are very compelling reasons to buy a home right now.

Fixed conforming 15 year mortgage rates are also lower this week and back under 4.50 percent. 15 year mortgage interest rates are averaging 4.48 percent, down from the prior week’s 15 year mortgage rate of 4.54 percent.

Looking for today’s mortgage rates and refinance rates? Search our mortgage rate tables here: MortgageRates.MonitorBankRates.com

Today’s Mortgage Interest Rates

Jumbo Mortgage Rates

30 year jumbo bank mortgage rates are averaging  5.65 percent this week, up from the previous week’s average jumbo loan rate of 5.59 percent. Today’s jumbo refinance rates are also averaging 5.65 percent this week.

15 year jumbo mortgage rates are averaging 5.13 percent this week, an increase from last week’s average jumbo rate of  5.10. 15 year jumbo refinance rates are also averaging 5.13 percent this week.

Adjustable Mortgage Rates

1 year conforming adjustable mortgage rates are averaging 4.67 percent this week, unchanged from last week’s average 1 year home loan rate of 4.67 percent. 1 year mortgage refinance rates are also averaging 4.67 percent this week.

The average 3 year conforming adjustable mortgage rate is at 4.52 percent this week, down from the previous week’s average home mortgage rate of 4.61 percent. 3 year refinance rates are also averaging 4.521 percent this week.

5 year conforming adjustable mortgage interest rates are averaging 3.91 percent this week, down from last week’s average home loan rate of 4.01 percent. 5 year mortgage refinance rates were also up this week with the average 5 year refi rate at 3.91 percent.

7 year conforming ARMs are averaging 4.42 percent this week, down from the prior week’s average 7 year loan interest rate of 4.55 percent. 7 year mortgage refinance rates are also averaging 4.42 percent this week.

Conforming 10 year adjustable mortgage rates are averaging 4.79 percent this week, a decrease from last week’s average mortgage interest rate of 4.84 percent. 10 year home loan refinance rates are also averaging 4.79 percent this week.

Adjustable Jumbo Mortgage Rates

1 year jumbo ARMs are averaging in at 5.59 percent this week, unchanged from last week’s average mortgage interest rate.

The average 3 year jumbo ARM is at 5.34 percent this week, up from the prior week’s average home loan rate of 5.28 percent. 3 year home refinance rates are also up this week. Today’s 3 year jumbo refi rate is 5.34 percent.

The average 5 year jumbo ARM is at 4.59 percent this week, a decrease from last week’s average mortgage rate of 4.61 percent. Current 5 year refinance loan rates are averaging 4.59 percent.

7 year jumbo ARMs are averaging 5.54 percent this week, down from last week’s average loan mortgage rate of 5.58 percent.7 year loan refinance rates are also averaging 5.54 percent this week.

10 year jumbo mortgage interest rates are averaging 6.01 percent this week, unchanged from from last week’s average 10 year jumbo rate. 10 year jumbo refinance loan rates are also averaging 6.01 percent this week.

Mortgage Rates Interest Only (IO)

The average conforming 3 year interest only mortgage rate is at 4.61% this week, down from the previous week’s average mortgage interest rate of 4.70%.

The average 5 year interest only home loan is at 3.97% this week, down from last week’s average five year interest only mortgage rate of 4.06%.

7 year IO home loans are averaging 4.56% this week, down from last week’s average interest rate of 4.70%.

3 year jumbo IO loans are averaging 5.90 percent this week, up from last week’s jumbo interest mortgage rate of 5.79 percent.

The average 5 year jumbo IO loan rate is at 5.26 percent, up from the prior week’s average IO mortgage rate of 5.12 percent.

The average 7 year jumbo IO loan is at 6.09 percent, up from the prior week’s average jumbo 7 year rate of 6.05 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.440 percent this week, unchanged from last week’s average equity home loan rate. 15 year home equity rates averaged 7.620 percent, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.675 percent this week, unchanged from the prior week’s average HELOC rate.