Current Mortgage Rates Decline: 30 Year Jumbo Mortgage Rates Averaging 4.22% Today

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Current mortgage rates declined today, reversing an uptrend of the past several days. Mortgage rates today on 30 year jumbo mortgage loans are averaging 4.22 percent, a decline from yesterday's average 30 year jumbo mortgage rate of 4.25 percent.

You can find 30 year jumbo mortgage rates below the average. Currently on our refinance rates table in California there are several lenders offering 30 year jumbo refinance rates below 4.00 percent.
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While average mortgage rates have bounced off of record lows recently for both jumbo and conforming loans we expect rates to decrease this coming week. Rates will probably start declining again this week as investors focus once again on the European Union and the world economies slowing down.

Today's mortgage rates on 30 year conforming loans are averaging 3.61 percent, down slightly from yesterday's average 30 year mortgage rate of 3.62 percent. Right now on our rate table you can find many lenders offering 30 year conforming refinance rates around 3.25 percent.

Average 15 year conforming mortgage rates today are averaging 2.97 percent, a decline from yesterday's average 15 year mortgage rate of 2.99 percent. 15 year refi rates on conforming loans our rate tables can be found as low as 2.38 percent if you're willing to pay points.

Jumbo mortgage rates on 15 year jumbo loans are averaging 3.47 percent, down from yesterday's average 15 year jumbo mortgage rate of 3.49 percent. Refinance rates today on 15 year jumbo loans can be found as low as 3.00 percent on our refinance rate tables.

Average conforming 5 year adjustable mortgage rates are at 2.97 percent. Average 5 year adjustable mortgage rates are down from yesterday's average of 3.01 percent. 5 year conforming refinance rates can be found as low as 1.88 percent on our tables. Wow, I never thought I'd see 1 percent mortgage rates.

5 year adjustable jumbo mortgage rates are averaging 2.83 percent, a decline from yesterday's average 5 year jumbo adjustable mortgage rate of 2.84 percent. Today's refinance rates on 5 year jumbo loans can be found as low as 2.38 percent on our jumbo refinancing rates list.

You can search for mortgage interest rates in your state for both purchases and refinances by searching our rate table below:
 
Author: Robert Till
August 11th, 2012