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Mortgage Rates: Current 30 Year Mortgage Rates at 4.81%, 15 Year Mortgage Rates at 4.28%

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mortgage-rates-current-30-year-mortgage-rates-at-481-15-year-mortgage-rate-at-428Thanks to the concern over the European government debt crisis Mortgage rates have hit a low for 2010. Current 30 year mortgage rates are down to 4.81 percent. Mortgage rates were expected to head higher when the Federal Reserve stopped buying mortgage backed securities (MBS) but the opposite has happened thanks to yields falling on U.S. Treasuries.

Searching for current mortgage rates and current refinance rates? Search our mortgage rate tables at to find today's mortgage rates and mortgage refinance rates.

Lower mortgage rates have driven mortgage refinance applications higher according to the Mortgage Bankers Association's Weekly Mortgage Application Survey. The Refinance Index, which measures mortgage applications for refinancing jumped 14.5 percent for the week ending May 14, 2010. Since mortgage rates have gone even lower this past week, more home owners will probably refinance if they haven't already.

15 year mortgage rates have also declined this week. 15 year mortgage rates were averaging 4.33 percent on Monday but have declined to 4.28 percent today. 15 year mortgage refinance rates have also declined to 4.28 percent today.

Jumbo Mortgage Rates, Current

Current 30 year jumbo mortgage rates are averaging  5.38 percent today, down from an average 30 year jumbo rate of 5.54 percent on Monday. Today’s 30 year jumbo refinance rates are also down to 5.38 percent.

15 year jumbo mortgage rates currently are averaging 4.80 percent, a decline from Monday's average jumbo loan rate of 4.88 percent. 15 year jumbo mortgage refinance rates currently are averaging 4.80 percent.

Conforming Adjustable Mortgage Rates, Current

Current 1 year conforming adjustable mortgage rates are averaging 3.82percent, down from Monday's average 1 year adjustabe rate of 3.85 percent. 1 year adjustable refinance rates are also averaging 3.82 percent today.

3 year conforming adjustable mortgage rates currently are averaging 4.35 percent, unchanged from Monday's average mortgage rate. Today's 3 year mortgage refinance rates are also averaging 4.35 percent.

Currently, 5 year conventional adjustable mortgage rates are averaging 3.90 percent, down from an average loan rate of 3.95 percent earlier this week. Today's 5 year mortgage refinance rates are averaging 3.90 percent.

Today's 7 year conforming adjustable mortgage loan rates are averaging 4.13%, down from Monday's average 7 year interest rate of 4.14 percent. Current 7 year refinance mortgage loan rates are averaging 4.13 percent today.

Current 10 year adjustable loan rates are averaging 4.49 percent, down slightly from Monday's average mortgage home loan rate of 4.51 percent. 10 year home loan refinance rates are currently averaging 4.49 percent.

Current Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable mortgage rates are averaging in at 5.95 percent today, unchanged from Monday's average 1 year jumbo adjustable mortgage rate. Currently, 1 year jumbo refinance rates are also averaging 5.95 percent.

Current 3 year jumbo adjustable rate loans are averaging 5.05 percent, a decline from Monday's average average jumbo home loan rate of 5.11 percent. Today, 3 year home jumbo refinance rates are also averaging 5.11 percent.

Average 5 year jumbo ARMs are at 4.40 percent, a decline from an average mortgage rate of 4.50 percent. 5 year jumbo refinance loan rates currently are averaging 4.50 percent.

Today's average 7 year jumbo ARM is at 5.14 percent, a decrease from an average loan mortgage rate of 5.32 percent. Today's 7 year jumbo refinance rates are also averaging 5.14.

10 year jumbo mortgage rates currently are at 5.56 percent, down from Monday's average 10 year jumbo mortgage interest rate of 5.80 percent. 10 year jumbo loan refinance rates currently are also averaging 5.56 percent.

Interest Only Mortgage Rates Today

Today's conforming 3 year interest only mortgage rates are averaging 4.52 percent, down from average mortgage interest rate of 4.57 percent.

Current 5 year interest only home loans are averaging 3.75 percent this morning, down from an average five year interest only mortgage rate of 3.83 percent.

7 year IO mortgage rates currently are averaging 4.25 percent, down from an average interest rate of 4.29 percent.

Today's Jumbo Interest Only Mortgage Rates

3 year jumbo mortgage rates currently are averaging 5.47 percent this week, down from an average jumbo mortgage rate of 5.49 percent.

Today’s average 5 year jumbo IO loan rate is at 5.06 percent, down from an average IO mortgage rate of 5.17 percent.

The average 7 year jumbo IO loan is averaging 5.53 percent, down from an average jumbo 7 year rate of 5.73 percent.

Current Home Equity Loan Rates

Current 10 year home equity loan rates are averaging 7.293 percent, down   from an average home equity loan rate of 7.297 percent.

15 year home equity rates are averaging 7.416 percent, down from an average home equity rate of 7.418 percent.

Current Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are averaging 4.664 percent, unchanged from Monday's average HELOC rate of 4.664.

Author: Brian McKay
May 22nd, 2010