Today’s Mortgage Interest Rates: 30 Year Mortgage Rates Decline to 4.99%

(//www.monitorbankrates.com/mortgages) Mortgage rates were down in the latest mortgage survey released by Freddie Mac. Fixed mortgage rates and adjustable mortgage rates were down. Conforming fixed 30 year mortgage rates are back under 5.00 percent for the first time in a few weeks.

The Federal Open Market Committee meets next week to decide the direction of interest rates. The FOMC is expected to keep the Fed Funds rate in a targeted range of zero percent to one quarter percent for now.

Looking for today’s mortgage interest rates? Use our mortgage rate tables to find current mortgage rates  in your state or zip code. Today’s Mortgage Interest Rates.

30 year conforming fixed rate mortgages are averaging 4.99 percent with with an average mortgage discount point of 0.7 points, for the week ending January 21, 2010, down from the prior week's average mortgage rate of 5.06 percent.

Conforming 15 year fixed mortgage rates are averaging 4.40 percent with an average mortgage points of 0.6 points for the week ending January 21, 2010, down from the previous week's average mortgage interest rate of 4.45 percent.

5 year Treasury indexed adjustable mortgage rates are averaging 4.27 percent with an average discount point of 0.6 points for the week ending January 21, 2010, down from last week's average home loan rate of 4.32 percent.  One year adjustable mortgage rates are averaging 4.32 percent with average mortgage points of 0.6 points, down from last week's average one year interest rate of 4.39 percent.

Today’s Mortgage Interest Rates

Conforming 30 year mortgage rates are at 5.06 percent this week, down from the previous week’s average home mortgage rate of 5.17 percent.

Conforming 15 year mortgage rates are at 4.44 percent this week, down from last week’s average home loan interest rate of  4.55 percent.

Jumbo Mortgage Rates

30-year jumbo mortgage rates are averaging 5.72% this week, down from the prior week’s loan home rate of 5.85%.

15 year jumbo mortgage loans are averaging 5.16% this week, down from the prior week’s average mortgage home loan rate of 5.33%.

Adjustable Mortgage Rates

Conforming 1 year adjustable home mortgage loan rates are averaging at 4.50% this week, down from the prior week when one year home loans were averaging 4.57%.

Conforming 3 year adjustable mortgage interest rates are averaging 4.53%, down from last week’s average loan rate of 4.56%.

Conforming 5 year adjustable mortgage rates are averaging 4.12% this week, down from the previous week’s average mortgage rate of 4.33%.

Conforming 7 year adjustable loan rates are averaging 4.56%, down considerably from last week’s average loan rate of 4.85%.

Conforming 10-year mortgage rates are at 5.18%, down from the previous week’s average bank mortgage rate of 5.33%.

Jumbo Adjustable Mortgage Rates

Jumbo 1 year jumbo adjustable mortgage rates are averaging 5.48% this week, unchanged from the prior week’s average mortgage finance interest rate.

Jumbo 3-year jumbo ARMs are averaging 5.27% this week, down a lot from last week’s adjustable rate of 5.80%.

Current 5 year jumbo ARM is averaging 4.89% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.07%.

7 year jumbo ARMs are averaging 5.43% this week, down from last week’s average mortgage rate of 5.79%.

The average 10 year jumbo is at 5.95%, down from the prior week’s average 10 year mortgage rate of 6.10%.

Interest Only Mortgage Rates

3 year interest only mortgage rates are averaging 4.65% this week, down from last week’s average interest rate of 4.70%.

5 year interest only loans are averaging 4.21% this week, down from last week’s average five year interest only mortgage rate of 4.49%.

7 year IO loan rates are averaging 4.76% this week, down from last week’s average interest rate of 5.07%.

Jumbo Interest Only Mortgage Rates

3 year jumbo interest only mortgages are averaging 5.42% this week, down from last week’s jumbo interest mortgage rate of 5.95%.

5 year jumbo IO loan rates are averaging 5.24%, down from the prior week’s average IO mortgage rate of 5.40%.

The average jumbo 7 year IO loan mortgage rate is at 5.73%, down from last week’s average jumbo rate of 6.27%.

Home Equity Loans

The average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.424% this week, down from last week’s average equity home loan rate of 7.425%. 15 year home equity rates decreased to 7.520%, down slightly from the prior week’s average equity loan rate of 7.521%.

Home Equity Line of Credit (HELOC)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.904% this week, unchanged from last week’s average HELOC rate.

Looking for current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Today’s Mortgage Rates.