Current Mortgage Refinance Rates – May 4, 2010

30 year mortgage refinance rates were slightly this week over last. The current average 30 year mortgage refinance rate is down to 5.03 percent this week, down from the prior week's average refinance mortgage rate of 5.07 percent. 30 year refinance rates have been heading down the past couple of weeks after running up early in April when the Fed completed its purchases of mortgage-backed securities (MBS).