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Mortgage Rates This Morning Feb 8: 15 Year Jumbo Mortgage Rates and Refinance Rates Averaging 4.85%

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Long term mortgage rates and refinance rates are mostly higher this morning except for 15 year conforming rates. Current 30 year mortgage rates and 30 year mortgage refinancing rates are averaging 4.88 percent, up from yesterday’s average rate of 4.87 percent. 30 year mortgage rates and 30 year refinance rates in Texasare higher than the national average. Today's 30 year Texas rates are averaging 5.06 percent. 

Current 15 year mortgage rates and 15 year refinance rates this morning are averaging 4.19 percent, down from yesterday’s average 15 year mortgage rates and mortgage refinancing rate of 4.24 percent.  Today's 15 year mortgage refi rates and 15 year mortgage  rates in Kentucky are higher than the national average 15 year rate. Current KY 15 year rates are at 4.28 percent.

30 year jumbo refinancing rates and 30 year jumbo mortgage rates are averaging 5.53 percent, up from yesterday’s average jumbo mortgage rate and jumbo refi rate of 5.50 percent. 30 year mortgage rates and refi rates in New Jersey are lower averaging 5.34 percent.

15 year jumbo rates and jumbo refinancing rates are averaging 4.85 percent, up from yesterday’s average jumbo mortgage interest rate of 4.80 percent. Today’s 15 year jumbo mortgage rates and jumbo refinance mortgage rates in Pennsylvania are lower than the national average. PA jumbo 15 year rates are averaging 4.80 percent.

Mortgage Rates Widget

MonitorBankRates offers free mortgage rate widgets to track mortgage rates and refinance rates. MBR also offers a free mortgage calculator you can use to calculate your monthly mortgage payments.

Following is a more in-depth home mortgage loan rates report released by MonitorBankRates yesterday:

Mortgage Rates and Mortgage Refinance Rates

 Current 30 year conventional mortgage rates and refinancing rates are averaging 4.87 percent, an increase from last week’s average 30 year home loan rates and mortgage refinance rate of 4.80 percent.Today’s 15 year mortgages rates and refinance mortgage rates currently are averaging 4.24 percent, up from last week when 15 year mortgage loan rates and refinance interest rates averaged 4.08 percent. 

30 year jumbo refinancing mortgage rates and 30 year jumbo mortgage rates are currently averaging 5.50 percent, up from last week’s average jumbo rate and jumbo refi rate of 5.44 percent.

Current 15 year jumbo rates and jumbo refinance rates are averaging 4.80 percent, an increase from the prior week’s average jumbo mortgage loan rate of 4.69 percent. 

Conforming Adjustable Rates Today and Conforming Adjustable Refinancing Rates

The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 3.06 percent, unchanged from last week’s average 1 year adjustable home mortgage refi rate and loan rate.

3 year adjustable current mortgage refinancing rate and adjustable mortgage rates are averaging 3.25 percent, down from last week’s average 3 year adjustable mortgage loan rate of 3.41 percent.

Current refinance rates and interest rates on 5 year adjustable mortgages are averaging 3.37 percent, an increase from the prior week’s average rate of 3.24 percent.

Current refinance mortgage rates and mortgage rates on 7 year adjustable mortgage loans are averaging 3.86 percent, up from the previous week’s average 7 year loan rate of 3.77 percent.

10 year adjustable mortgage loan rates today are averaging 4.56 percent this week, up from last week’s average 10 year adjustable rate of 4.32 percent. Current mortgage refinance rates on 10 year home loans are also averaging 4.56 percent.

Adjustable Jumbo Refinancing Rates and Jumbo Mortgage Rates Today

1 year jumbo adjustable loan rates are averaging 3.63 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan mortgage interest rate. Today refinance rates on 1 year jumbo loans are also averaging 3.63 percent.

3 year adjustable jumbo rates are averaging higher averaging 4.28 percent, up from last week’s average 3 year jumbo adjustable rate of 4.24 percent. Today’s refinance interest rates on 3 year jumbo loans are also higher, averaging 4.28 percent.

5 year adjustable jumbo interest rates today are averaging 3.86 percent, an increase from last week’s average jumbo adjustable rate of 3.70 percent. Today’s refinancing mortgage interest rates are also averaging 3.86 percent.

7 year jumbo adjustable loan rates today are averaging 4.81 percent, up from last week’s average 7 year adjustable home loan rate of 4.53 percent. 7 year jumbo refinance loan rates are also higher at 4.81 percent.

Today’s 10 year jumbo loan rates are averaging 5.36 percent, up from the prior week’s average 10 year jumbo home loan rate of 5.24 percent. 10 year jumbo refinance interest rates are also higher, averaging 5.36 percent.

Refinance Rates and Mortgage Rates on Conventional Interest Only Adjustable Mortgages

3 year interest only adjustable mortgage loan rates are averaging 3.49 percent, down from last week’s average interest only mortgage loan rate of 3.70 percent. 3 year interest only adjustable refinance mortgage rates are also averaging 3.49 percent.

5 year interest only adjustable loan rates are averaging 3.59 percent, up from last week’s average five year interest only mortgage loan rate of 3.44 percent. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.59 percent.

7 year interest only adjustable mortgage loan rates are averaging 4.14 percent, up from last week’s average 7 year interest-only mortgage interest rate of 4.09 percent. 7 year adjustable refi loan rates are averaging 4.14 percent.

Jumbo Mortgage Refinance Rates and Mortgage Rates on Interest Only Adjustable Jumbo Mortgages

3 year jumbo interest only adjustable loan rates are averaging 4.83 percent, down from last week’s average jumbo adjustable interest only rate of 4.86 percent. 3 year interest only adjustable jumbo refi rates are also lower averaging 4.83 percent.

5 year adjustable jumbo loan interest only rates are averaging 4.32 percent, down from last week’s average IO home mortgage interest rate of 4.16 percent. 5 year jumbo adjustable IO loan rates are also higher, averaging at 4.32 percent.

7 year jumbo interest only adjustable rates are averaging 5.11 percent, up from last week’s average jumbo 7 year home loan rate of 4.96 percent. Current 7 year jumbo adjustable interest-only rates are also averaging 5.11  percent.

Home Equity Loan Rates Current

10 year home equity loan rates are averaging 6.714 percent, no change from last week’s average home equity loan rate.

15 year home equity rates are averaging 7.093 percent, no change from the prior week’s average home equity loan rate.

Home Equity Line of Credit Rates (HELOC) Today

Home equity line of credit rates are averaging 5.15 percent, no change from last week’s average rate HELOCs
Author: Brian McKay
February 8th, 2011