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Current Mortgage Refinance Rates – May 4, 2010

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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).

Looking for current mortgage refinance rates and mortgage rates? Use our Mortgage Rate Tables at to find the best rates available in your state.

Current 15 year mortgage refinance are slightly higher this week. 15 year mortgage refinance interest rates are currently averaging 4.42 percent, up from the prior week’s average 15 year refinance mortgage rate of 4.41 percent.

Today's conforming 1 year adjustable refinance mortgage rates are averaging 3.85 percent, down from the prior week’s average 1 year adjustable mortgage refinance rate of 4.67 percent.

Refinance Mortgage Rates, Current

Today's 30 year jumbo mortgage refinance rates are averaging  5.549 percent, up slightly from the prior week’s average refinance jumbo loan rate of 5.545 percent.

Current 15 year refinance rates are averaging 5.039 percent, up fractionaly from last week’s average jumbo refi rate of  5.033.

Current Refinance Adjustable Mortgage Rates

1 year conforming adjustable mortgage refinance rates are averaging 3.85 percent, down considerably from last week’s average 1 year home loan refinance rate of 4.67 percent.

Today’s 3 year conforming adjustable refinance rate is at 4.47 percent, down from an average home refinance mortgage rate of 4.59 percent. 

5 year conforming adjustable mortgage refinance interest rates are averaging 3.68 percent, down from last week’s average home loan refi rate of 3.82 percent. 

Current 7 year conforming refinance ARMs are averaging 4.31 percent, down from an average 7 year loan refinance interest rate of 4.39 percent. 

Conforming 10 year refi adjustable mortgage rates are averaging 4.55 percent this week, a decrease from last week’s average refinance mortgage interest rate of 4.67 percent.

Jumbo Adjustable Mortgage Refinance Rates, Current

Current 1 year jumbo refinance rates are averaging in at 5.95 percent, up from the prior week’s average 1 year jumbo refinance rate of 5.59 percent.

3 year jumbo adjustable refinance loans are averaging 5.14 percent, up from last week’s average jumbo home refinance loan rate of 5.13 percent. 

Current refinance rates for 5 year jumbo ARMs are averaging 4.51 percent, a decrease from an average mortgage rate refinance of 4.54 percent.

Current 7 year refinance jumbo ARMs are averaging 5.48 percent, up from the prior week’s average refinance loan rate of 5.47 percent.

10 year jumbo mortgage interest refinance rates are averaging 5.76 percent, down from the previous week’s average 10 year jumbo refinance mortgage rate of 5.98 percent.
Author: Brian McKay
May 4th, 2010