MonitorBankRates

Mortgage Refinance Rates: 30 Year Refinance Rates at 4.93%, 15 Year Refinance Rates at 4.35%

The average 30 year mortgage refinance rate is slightly lower this week over last week. 30 year mortgage refinance rates have been under 5.00 percent for three consecutive weeks. 30 year refinance interest rates are averaging 4.93 percent, down from last week’s average refinance rate of 4.95 percent. 15 year mortgage refinance rates were unchanged this week over last.  The average 15 year mortgage refinance loan rate is averaging 4.35 percent.

The average 30 year jumbo refinance rate is at 5.54 percent this week, a decrease from last week's average jumbo refi rate of 5.57 percent. The average 15 year jumbo refinance rate was higher this week but rates are still under 5.00 percent for the third consecutive week. 15 year jumbo mortgage refinance rates are averaging 4.99%, an increase from last week’s average rate of 4.97%.

Looking for mortgage refinance rates? Use our rate tables to find the best refinance rates. MortgageRates.MonitorBankRates.com.

Mortgage Refinance Rates

Adjustable Refinance Mortgage Rates – Conforming

1 year adjustable refinance loan rates are averaging 4.47% this week, down slightly from last week when 1 year loan refinance rates averaged 4.48%.

3 year adjustable refi rates are averaging 4.61% this week, an increase from the prior week’s mortgage loan refinance rate of 4.51%.

The average 5 year adjustable refinance interest rate is at 3.92% this week, a decrease from last week’s average mortgage refinance interest rate of 3.97%.

The average 7 year conforming mortgage refinance rate is at 4.37%, down from last week’s average mortgage refinance rate of 4.42%.

The average 10 year refinance mortgage rates is at 4.72% this week, down from last week’s refinance rate of 4.82%.

Jumbo Adjustable Mortgage Refinance Rates

The average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from last week’s average refinance rate.

3 year jumbo adjustable refi rates are averaging 5.24%, up from last week’s average adjustable refinance loan interest rate of 5.14%.

The average 5 year jumbo refinance interest rate is at 4.58% this week, down from last week’s average refinance bank rate of 4.63%.

7 year jumbo refinance home loan rates are averaging 5.45% this week, up from last week’s average refinance home loan rate of 5.34%.

10 year home refi rates are averaging 5.76% this week, down from the prior week’s average 10 year home refinance rate of 5.88%.

Looking into refinancing your mortgage: Use our refinance rate tables to find the best refinance rates: MortgageRates.MonitorBankRates.com

 
Author: Brian McKay
March 23rd, 2010