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Mortgage Rates Hovering at All-Time Low: 30 Year Mortgage Rates at 4.67%

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mortgage-rates-hovering-at-all-time-low-30-year-mortgage-rates-at-467Mortgage rates are hovering at all-time lows this morning. 30 year mortgage rates are averaging 4.67 percent. Mortgage rates have been heading lower since early June when the European debt crisis started and U.S. bond yields headed down. Mortgage rates continued to head lower this past week on news the U.S. economic recovery is slowing down.

The June 23 FOMC statement on monetary policy also weighed in on lower mortgage rates and bond yields. The fed decided to keep the fed funds rate at 0% to 1/4% because inflation is heading lower and the economic recovery will be moderate. The fed also believes inflation will be low for some time to come. If the fed is correct there will be no reason to raise interest rates anytime soon.

Searching for mortgage rates and refinance mortgage rates today? Use our mortgage rates table at to find the best mortgage rates in your state. Unlike most websites no personal information is needed to display a list of mortgage rates.
Following is a mortgage rates report released by earlier this week.

Mortgage Rates Current

Current 30 year mortgage rates are down to 4.72 percent, down from last week’s average mortgage rate of 4.76 percent. This is the lowest point this year for 30 year mortgage rates. Current 15 year mortgage rates were also lower this week. 15 year mortgage rates are currently averaging 4.14 percent, down from last week’s average 15 year mortgage rate of 4.25 percent.

Jumbo Mortgage Rates Current

Today’s 30 year jumbo mortgage rates are averaging 5.33 percent, a decline from last week’s average jumbo loan rate of 5.40 percent.  30 year jumbo refinance rates today are also averaging 5.33 percent.

Today’s 15 year jumbo loan rates are averaging 4.75 percent, down from the prior week’s average jumbo mortgage rate of 4.85 percent last week. Current 15 year jumbo refinance mortgage rates are also lower this week over last. The current 15 year jumbo refinance rate is averaging 4.75 percent.

Today's Conforming Adjustable Mortgage Rates

1 year adjustable mortgage rates are averaging 3.56 percent, down from last week’s average 1 year adjustable interest mortgage rate of 3.71 percent. 1 year adjustable refinance mortgage rates today are currently averaging 3.56, a decline from last week’s average refinance rate of 3.71 percent.

3 year adjustable mortgage rates are closing in on 4.09 percent. The current average 3 year adjustable mortgage rats is averaging 4.09 percent, down from last week’s average mortgage rate of 4.36 percent. Current 3 year mortgage refinance rates are also lower this week, averaging 4.09 percent.

Currently, 5 year adjustable mortgage loan rates are averaging 3.54 percent, down from the prior week’s average home loan rate of 3.67 percent. Current 5 year refinance home mortgage rates are averaging 3.54 percent this week.

7 year adjustable mortgage rates are averaging 3.88 percent this week, a decline from last week’s average 7 year mortgage loan rate of 4.13 percent. Current 7 year mortgage refinance rates today are averaging 3.88 percent.

Today’s 10 year adjustable bank mortgage rates are averaging 4.33 percent this week, down from last week’s average 10 year adjustable mortgage rate of 4.46 percent. 10 year home loan mortgage refinance rates are also lower, averaging 4.33 percent.

Current Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable mortgage loan rates are averaging 5.95 percent, no change from last week’s average 1 year adjustable jumbo interest mortgage rate. Today’s 1 year jumbo refinance mortgage rates are also averaging 5.95 percent.

3 year jumbo adjustable mortgage rates today are averaging 4.64 percent, down from the previous week’s average jumbo bank mortgage rate of 4.74 percent. Current 3 year jumbo refinance mortgage rates are also lower, averaging 4.74 percent.

5 year jumbo adjustable interest mortgage rates are averaging 4.04 percent this week, down from last week’s average mortgage rate of 4.16 percent. 5 year jumbo refinance rates are averaging 4.04 percent.

7 year jumbo adjustable mortgage rates are averaging 4.78 percent, a decline from last week’s average 7 year home loan mortgage rate of 4.86 percent. 7 year jumbo refinance rates today are also down to 4.78 percent.

Today’s 10 year home jumbo mortgage rates are averaging 5.49 percent, down from last week’s average 10 year jumbo home mortgage rate of 5.60 percent. 10 year jumbo home loan refinance rates are also averaging 5.49 percent today.

Interest Only Conforming Mortgage Rates Today

3 year interest only home mortgage rates are averaging 4.26 percent, a big decrease from last week’s average interest only mortgage loan rate of 4.54 percent.

Today’s 5 year interest only mortgage rates today are averaging 3.71 percent, down from last week’s average five year interest only mortgage loan rate of 3.86 percent.

Current 7 year interest only home mortgage rates today are averaging 4.02 percent, down from an average mortgage rate of 4.30 percent last week.

Jumbo Interest Only Mortgage Rates

3 year jumbo interest only loan mortgage rates are averaging 5.60 percent this week, unchanged from last week’s average jumbo interest only mortgage rate.

Current 5 year jumbo interest only home loan rates are averaging 4.63 percent, down from an average IO home mortgage rate of 4.81 percent.

7 year jumbo IO mortgage rates are averaging 5.07 percent, down from an average jumbo 7 year home mortgage rate of 5.18 percent last week.

Home Equity Loan Rates Today

10 year home equity loan rates are averaging 7.139 percent, unchanged from last week’s average home equity loan interest rate.

15 year home equity rates are averaging 7.446 percent this week, unchanged from last week’s average home equity loan rate.

Current Home Equity Line of Credit Rates

The average home equity line of credit rate (HELOC) is averaging 4.777 percent this week, no change from last week’s average HELOC rate.
Author: Brian McKay
July 4th, 2010