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Current Mortgage Rates Today: 30 Year Conforming Rates Decline to 3.56%

Average mortgage rates today declined today but the downtrend will be short lived since U.S. Treasury yields are 7 basis points higher today. Current mortgage rates on 30 year loans are averaging 3.56 percent, down from an average 30 year mortgage rate of 3.61 percent and just above an all-time record low of 3.55 percent.

If you're searching for mortgage rates on 30 year conforming loans you can find rates below the average of 3.56 percent. Currently on our mortgage interest rate table in Texas there are several lenders offering refinance rates as low as 3.38 percent with points.



Today's mortgage rates on 15 year conventional home loans are also lower averaging 2.90 percent, an all-time record low rate on our survey. The average 15 year mortgage rate is down from yesterday's average of 2.97 percent.

Right now on our 15 year refinance rates table in the state of Florida there are some lenders offering 15 year refi rates as low as 2.38 percent. You can search for refinancing rates for 15 year loans in your state without providing any personal information.

Average jumbo mortgage rates today on 30 year loans are also lower averaging 4.21 percent, down from an average 30 year jumbo mortgage rate of 4.22 percent. The all-time record low for 30 year jumbo mortgage rates on our survey is 4.13 percent.

If you're searching for an comparing jumbo mortgage rates you can do so right here on our rate tables. Right now there are lenders listed offering 30 year jumbo mortgage refinance rates in California at 3.75 percent.

Today's mortgage rates on 15 year jumbo mortgage loans are averaging 3.46 percent, a decline from an average 15 year jumbo mortgage rate of 3.47 percent. Right now on our 15 year jumbo refi rates list in New York there are lenders advertising rates as low as 3.38 percent.

Average 5 year conforming mortgage rates are at 2.89 percent, down from an average 5 year adjustable mortgage rate of 2.97 percent. On our 5 year adjustable rate list in Illinois there are lenders offering 5 year adjustable refinancing rates at an incredibly low rate of 1.88 percent.

Jumbo adjustable mortgage rates on 5 year adjustable loans are averaging 2.82 percent, down from an average 5 year jumbo adjustable mortgage rate of 2.83 percent. On our rate list for 5 year jumbo loans there are lenders advertising refi rates as low as 2.44 percent.
 
Author: Brian McKay
August 14th, 2012