Mortgage Rates Ease as Markets Rally on Greece Hopes: 30 Year Jumbo Mortgage Rates at 4.91%

Mortgage rates continue to drift lower as the equity markets rallied for the fourth straight day on the hope Greece won't default on its debt. After the markets closed the Greek Prime Minister survived a confidence vote which will fuel another rally tomorrow. Current 30 year mortgage rates are averaging 4.47%, up from yesterday’s average 30 year mortgage rate of 4.46%.