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2/7 Mortgage Rates and Refinance Rates Higher: 30 Year Jumbo Mortgage Rates and Refinancing Rates Averaging 5.50%

Current long term mortgage rates and refinancing rates are higher this week. 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. 30 year mortgage rates and mortgage refinance rates in South Carolina are lower than the national average 30 year mortgage rate. 30 year loan rates today in SC are averaging 4.83 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. 15 year mortgage rates and refinance rates today in Florida are lower than the national average 15 year rate. 15 year refinancing rates and mortgage rates today in Florida are averaging 4.22 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. 30 year home loan rates and refi rates in Maryland are lower than the national average jumbo rate. Current 30 year jumbo interest rates in Maryland are averaging 5.49 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. 15 year jumbo rates and mortgage refinance rates in New York are lower averaging 4.76 percent.

Current Mortgage Rates and Refinance Rates

Current Conventional Adjustable Rates 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 Today and Jumbo Mortgage Rates

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 Conforming 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.

Current Jumbo Mortgage Refinancing Rates and Current 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 Today

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.

Current Home Equity Line of Credit Rates (HELOC)

Home equity line of credit rates are averaging 5.15 percent, no change from last week’s average rate HELOCs.
Author: Brian McKay
February 7th, 2011