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Mortgage Rates Jump Higher Today: July 15, 2010, 30 Year Mortgage Rates at 4.73%

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Mortgage rates jumped higher today after touching a low yesterday afternoon. Today's 30 year mortgage rates are averaging 4.73 percent, up 15 basis points from yesterday’s low of 4.58 percent. Current mortgage rates have been low for the past few months. In fact, thirty-year fixed mortgage rates have been under 5.00 percent since early May of 2010.

Comparing mortgage rates and mortgage refinance rates? Use our rate tables at MortgageRates.MonitorBankRates.com to compare mortgage rates. No personal information is needed for a list of mortgage rates.



Mortgage rates will start heading back down because 10 year bond yields are back under 3.00 percent. Recent economic data has pointing to a slowing down of the U.S. economy. The FOMC trimmed their forecast for economic growth in the June FOMC minutes released yesterday. The FOMC also noted the risk the economic recovery could falter has increased.

Freddie Mac released it's weekly Primary Mortgage Market Survey this morning. In this weeks' PMMS 30 year fixed rate mortgages averaged 4.57 percent for the week ending July 15, 2010. 15 year fixed mortgage rates averaged 5.06 for the week ending July 15, 2010.  

Today’s Average Mortgage Rates July, 15, 2010 @ MonitorBankRates.com


Conforming Mortgage Rates

  • 30 Year Conforming Fixed Mortgage Rates 4.73%

  • 15 Year Conforming Fixed Mortgage Rates 4.25%


Jumbo Mortgage Rates

  • 30 Year Fixed Jumbo Mortgage Rates 5.42%

  • 15 Year Fixed Jumbo Mortgage Rates 4.71%


Adjustable Mortgage Rates

  • 1 Year Conforming Adjustable Mortgage Rates 3.54%

  • 3/1 Conforming Adjustable Mortgage Rates 4.21%

  • 5/1 Conforming Adjustable Mortgage Rates 3.71%


Jumbo Adjustable Mortgage Rates

  • 1 Year Conforming Adjustable Mortgage Rates 5.95%

  • 3/1 Conforming Adjustable Mortgage Rates 4.73%

  • 5/1 Conforming Adjustable Mortgage Rates 4.16%


 
 
Author: Brian McKay
July 15th, 2010