Current Mortgage Rates Down for Third Week – Record Low for 15-Year Mortgage Rates

Mortgage rates are down again in this week's Primary Mortgage Market Survey released by Freddie Mac this morning. Current 30-year mortgage rates are now just above 5.00 percent at 5.04 percent with 0.7 discount points. Nearing the a recent low of 4.91 percent set on May 28, 2009.

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Current Mortgage Rates

The average 15-year mortgage rate has hit an all time record low of 4.47 percent with 0.6 discount points for the week ending September 17, 2009, a decline from 4.50 percent the week before.

Five-year Treasury-indexed adjustable mortgage rates are unchanged at 4.51 percent with an average 0.5 discount points. Last year at this time 5-year adjustable rate mortgages were averaging 5.67 percent.

One-year Treasury-indexed adjustable mortgage rates at at 4.58 percent with 0.5 discount points for the week ending September 17, 2009. Last week's one-year adjustable rate mortgages were averaging 4.64 percent.

Freddie Mac's Primary Mortgage Market Survey doesn't include jumbo mortgage rates. Monitorbankrates.com reported on Monday that current jumbo mortgage rates were down from the prior week. The average rate for 30-year jumbo mortgage is at 6.00 percent, down slightly from last week’s average mortgage rate of 6.02 percent. Fixed jumbo 15-year mortgage rates are at 5.55 percent this week, up from last week’s average 15-year jumbo mortgage rate of 5.46 percent.