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Mortgage Refinance Rates Decline: 30 Year Refinance Rates at 5.02%

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mortgage-refinance-rates-decline-30-year-refinance-rates-at-502Today's mortgage refinance rates are lower, reversing the uptrend of the past couple of weeks. 30 year refinance rates are back down to 5.02 this week, down from last week's average mortgage refinance rate of  5.16 percent. We might see 30 year refinance mortgage rates back under 5.00 percent some time this week.

Looking for Refinance Rates? Search our Refinance Rate Tables.

Today's 15 year mortgage refinance rate is at 4.39 percent today, down from the previous week’s average 15 year rate of 4.47 percent. 15 year refinance mortgage rates have been under 4.50 percent all year except for two weeks in early April.

Today's 30 year jumbo refinance rates are averaging 5.55 percent today, down from a jumbo refinance rate of 5.61 percent. 15 year jumbo refinance rates are back under 5.00 percent at 4.97 percent, down from last week's average jumbo refinance rate of 5.05 percent.

Refinance Mortgage Rates

Conforming Adjustable Mortgage Refinance Rates

1 year adjustable mortgage refinance rates are averaging 4.67% this week, up from an average 1 year loan refinance rate of 4.63% last week.

Current 3 year adjustable refi rates are averaging 4.64% this week, down from an average mortgage loan refinance rate of 4.66%.

5 year adjustable refinance interest rates are currently averaging 3.81%, down from an mortgage refinance interest rate of 3.98%.

7 year conforming mortgage refinance rates are averaging 4.42%, down from an average mortgage refinance rate of 4.61%.

The average 10 year refinance mortgage rates is at 4.72% today, down from an average refinance rate of 4.89%.

Jumbo Refinance Mortgage Rates

The average 1 year jumbo adjustable refinance rate is currently at 5.59%, unchanged from yesterday’s average loan refinance rate.

3 year jumbo adjustable refinance rates are averaging 5.10% today, a decrease from an average rate of 5.15%.

The average 5 year jumbo loan refinance interest rate is at 4.54%, down from an average bank refinance rate of 4.65%.

7 year jumbo refinance home loan rates are at 5.48%, down from an average refinance home loan rate of 5.50%.

10 year home refi rates are averaging 5.96%, up from an average 10 year home refinance rate of 5.91%.
Author: Brian McKay
April 22nd, 2010