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Mortgage Rates Drop Again: 30 Year Mortgage Rates Averaging 4.76%

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mortgage-rates-drop-again-30-year-mortgage-rates-averaging-476Mortgage rates continue to decline this week. 30 year mortgage rates are averaging 4.76 percent this week, down from the previous week’s average mortgage rate of 4.85 percent.  The current average 30 year mortgage rate hasn't been as low since eariler this year when the Fed was still purchasing mortgage-backed securities (MBS) to keep mortgage rates low.

Looking for today's mortgage rates and refinance mortgage rates? Use our mortgage rates table at to find current mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.

Current Mortgage Rates

Current 30 year mortgage interest rates are averaging 4.76 percent, down from last week’s average 30 year mortgage interest rate of 4.85 percent. Current 30 year mortgage refinancing rates are also down to 4.75 percent.

Today's 15 year mortgage rates are down to 4.21 percent, down from an average 15 year mortgage interset rate of 4.27 percent. The current average 15 year mortgage refinance rate is also 4.21 percent.

Today's Jumbo Mortgage Rates, Current

Currently, 30 year jumbo mortgage rates are averaging 5.36 percent, down from an average jumbo home loan mortgage rate of 5.49 percent. Current 30 year jumbo refinance rates are lower this week averaging in at 5.36 percent.

15 year fixed jumbo mortgage rates today are averaging 4.81 percent, down from an average jumbo loan rate of 4.92 percent. The average 15 year jumbo refinance mortgage loan rate is averaging 4.81 percent.

Adjustable Mortgage Rates Today

Today's 1 year conforming adjustable mortgage rates are averaging 3.71 percent, a decrease from an average 1 year adjustable mortgage rate of 3.73 percent last week. 1 year adjustable refinance  bank mortgage rates are averaging 3.71 percent.

3 year conventional adjustable mortgage rates are averaging 4.32 percent, an increase from an average mortgage rate of 4.29 percent last week. today's 3 year refinance mortgage rates are also up this week averaging 4.32 percent.

Current 5 year conventional adjustable bank mortgage rates are averaging 3.75 percent, an increase from an average mortgage interest rate of 3.73 percent. Current 5 year refinance mortgage rates are averaging 3.75 percent.

7 year conforming adjustable mortgage rates are averaging 4.15 percent, a decrease from last week’s average 7 year mortgage home loan rate of 4.21 percent. 7 year mortgage refinance rates were also down to 4.15 percent this week.

Current 10 year conforming adjustable  mortgage rates are averaging 4.45 percent, an increase from an average 10 year home mortgage rate of 4.41 percent last week. Today's 10 year mortgage refinance rates are averaging 4.45 percent.

Jumbo Adjustable Mortgage Rates Today

1 year jumbo adjustable mortgage rates today are averaging 5.95 percent, unchanged from last week’s average 1 year adjustable jumbo mortgage rate. Current 1 year jumbo refinance mortgage loan rates are also averaging 5.95 percent.

3 year jumbo adjustable mortgage rates are averaging 4.94 percent, a decrease from an average jumbo loan rate of 5.00 percent. Current 3 year jumbo mortgage refinance rates are up to 4.94 percent.

The average 5 year jumbo adjustable mortgage interest rate is at 4.24 percent, down from last week’s average home mortgage rate of 4.40 percent. Current 5 year jumbo home refinance loan rates are averaging 4.24 percent.

Currently, 7 year jumbo adjustable mortgage rates are averaging 4.98 percent, a decrease from last week’s average 7 year home mortgage rate of 5.26 percent. 7 year jumbo refinance rates are also down to 4.98 percent.

10 year jumbo home mortgage rates are averaging 5.58 percent, a decline  from an average 10 year jumbo home mortgage rate of 5.65 percent last week. Current 10 year jumbo home loan refinance rates are also averaging 5.58 percent this week.

Interest Only Mortgage Rates Today

Today's 3 year interest only conforming mortgage rates are averaging 4.51 percent, an increase from last week’s average IO home mortgage rate of 4.43 percent.

Current 5 year conventional interest only mortgage loans today are averaging 4.88 percent, an increase from last week’s average five year interest only mortgage  rate of 4.84 percent.

Currently, 7 year IO home bank mortgage rates are averaging 4.27 percent, down from an average mortgage interset rate of 4.35 percent.

Jumbo Interest Only Mortgage Rates Today

The average 3 year jumbo interest only mortgage rates are averaging 5.51 percent this week, up from an average jumbo interest mortgage rate of 5.47 percent last week.

The current average 5 year jumbo IO loan home mortgage rates are averaging 4.82 percent, down from an average IO home mortgage rate of 5.01 percent.

Today’s 7 year jumbo IO home mortgage loans are averaging 5.30 percent, down from an average jumbo 7 year home mortgage rate of 5.51 percent.

Home Equity Loan Rates Today

10 year home equity loan rates are averaging 7.139 percent, a decrease from last week’s average home equity loan rate of 7.255 percent.

15 year home equity rates are averaging 7.446 percent this week, up from last week’s average home equity rate of 7.416.

Home Equity Line of Credit Rates (HELOC)

The current average home equity line of credit rates are averaging 4.777 percent this week, unchanged from last week’s average HELOC rate.
Author: Brian McKay
June 18th, 2010