Mortgage Rates: Today’s Mortgage Interest Rate

Mortgage Rates: In the latest survey, today's mortgage interest rates continue to come back down from the recent highs set last month.  The decline in home mortgage rates has been brought on by a decline in 10-year Treasury prices now at 3.33 percent, also down from a recent high nearing 4.00 percent.

Treasury prices are lower because economists now believe the world economic recovery might take longer to play-out and the rebound won't be as robust as was recently thought. As a result, mortgage home rates have been drifting back down the past month.

Today's Mortgage Interest Rate

30-year fixed rate home mortgages averaged 5.20 percent this week with an average 0.7 point this week, down from the prior week's average of 5.32 percent according to Freddie Mac's Primary Mortgage Market Survey.

This week's survey has 15-year fixed mortgage home rates at 4.69 percent with an average 0.7 point, down from the previous week's average mortgage interest rate of 4.77 percent.  Last year's average 15-year fixed rate mortgage was nearing 6.00 percent at 5.91 percent.

Current Adjustable Mortgage Rates

Adjustable rate mortgages were also down in this week's mortgage survey. The average rate on a five year adjustable rate mortgage (ARM) is 4.82 percent, with an average 0.6 point, down from the prior week's average rate of 4.88 percent. One year adjustable mortgage rates (ARMs) also averaged 4.82 percent this week with an average 0.6 point, down from the prior week's average rate of 4.94 percent.

Jumbo Mortgage Rates

The weekly PMM survey doesn't include jumbo mortgage rates because Freddie Mac only reports on mortgages it purchases from banks that issue home mortgage loans. Known as "conforming loans," these loans have a certain dollar limit per county of the United States. You can find current jumbo mortgage rates in your zip code by using our mortgage rate tables.

You can also find current conforming mortgage rates, adjustable rate mortgages, mortgage refinance rates, home equity loans rates and home equity line of credit rates and by zip code.

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