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Home Mortgage Rates Mostly Lower This Week: 30 Year Conventional Mortgage Rates at 4.22%, 30 Year Jumbo Mortgage Rates at 4.73%

Fixed long term mortgage rates are mostly lower and adjustable home mortgage rates are down considerably this week. Fixed conforming 30 year home mortgage rates are averaging 4.22 percent, down from last week's average 30 year mortgage rate of 4.27 percent. 30 year home mortgage rates hit an all time low of 4.08 percent in early October and have hovered just above the record low for the past 30 days. 30 year conforming home mortgage rates in Florida are just below the national average rate at 4.20 percent.

Jumbo 30 year home mortgage rates are averaging 4.73 percent, a slight increase from last week's national average jumbo mortgage rate of 4.71 percent. 30 year Michigan jumbo mortgage rates are higher than the national average. Today's 30 year jumbo mortgage rates in Michigan are averaging 4.78 percent.

Conforming 15 year home mortgage rates today are averaging 3.52 percent, down slightly from the previous week’s average 15 year mortgage interest rate of 3.53 percent. 15 year home mortgage interest rates in North Carolina are higher averaging 3.58 percent today.

15 year jumbo home mortgage rates are averaging at 3.98 percent, down from the prior week’s average jumbo mortgage loan rate of 4.03 percent. Current 15 year jumbo mortgage rates in Utah are lower averaging 3.95 percent.

Mortgage Rates

Conventional Adjustable Home Mortgage Rates

1 year adjustable mortgage rates today are averaging 3.17 percent, down from last week’s average 1 year adjustable home mortgage loan rate of 3.76 percent. 1 year conforming adjustable refinance loan mortgage rates today are also lower averaging 3.17 percent.

Today's 3 year adjustable mortgage rates are averaging 3.24 percent, from last week’s average 3 year adjustable mortgage loan rate of 3.37 percent. Current 3 year mortgage refinance rates are also lower averaging 3.24 percent.

5 year adjustable mortgage loan rates today are averaging 3.11 percent, down from the prior week’s average mortgage rate of 3.21 percent. 5 year refinance home loan rates today are also lower at 3.11 percent.

7 year adjustable mortgage loan interest rates today are averaging 3.40 percent, d0wn from the previous week’s average 7 year home mortgage rate of 3.43 percent. Today’s 7 year refinance rates are also higher averaging 3.40 percent.

10 year adjustable mortgage loan rates today are averaging 3.70 percent this week, up from last week’s average 10 year adjustable mortgage rate of 3.81 percent. 10 year home refinance rates today are also averaging 3.70 percent.

Current Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable loan interest rates are averaging 5.32 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan mortgage interest rate. 1 year jumbo refinance loan mortgage rates today are unchanged at 5.32 percent.

3 year adjustable jumbo mortgage rates today are higher averaging 4.06 percent, down from last week’s average 3 year jumbo adjustable loan rate of 4.08 percent. 3 year refinance jumbo mortgage rates today are also lower at 4.06 percent.

5 year adjustable jumbo mortgage rates today are averaging 3.46 percent, down from last week’s average mortgage rate of 3.65 percent. 5 year jumbo mortgage refi rates today are also lower averaging 3.46 percent.

7 year jumbo adjustable mortgage rates today are averaging 4.31 percent, up from last week’s average 7 year home mortgage loan rate of 4.30 percent. 7 year jumbo refinance mortgage rates today are also higher, averaging 4.31 percent.

10 year loan jumbo loan interest rates are averaging 4.75 percent, down from the prior week’s average 10 year jumbo home mortgage rate of 4.79 percent. 10 year jumbo home loan refinance interest rates today are also lowe5 averaging 4.79 percent.

Conventional Interest Only Adjustable Home Mortgage Rates

3 year interest only adjustable mortgage loan rates today are averaging 3.39 percent, down from last week’s average interest only mortgage loan rate of 3.451 percent. 3 year interest only adjustable refinance mortgage rates are also at 3.39 percent.

5 year interest only adjustable loan rates are averaging 3.25 percent, down from last week’s average five year interest only mortgage loan rate of 3.34 percent.  5 year interest only adjustable refinance mortgage rates are also averaging 3.25 percent.

7 year interest only adjustable mortgage loan rates are averaging 3.46 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.49 percent. 7 year adjustable refinance rate mortgages today are averaging 3.46 percent.

Jumbo IO Home Adjustable Mortgage Rates Today

3 year jumbo interest only adjustable mortgage rates today are averaging 4.46 percent, down from last week’s average jumbo adjustable interest only mortgage rate of 4.48 percent. 3 year interest only adjustable jumbo refinance rates today are averaging 4.46 percent.

5 year adjustable jumbo loan interest only mortgage rates today are averaging 4.01 percent, up from last week’s average IO home mortgage interest rate of 4.00 percent. 5 year jumbo adjustable IO loan rates are also higher averaging 4.01 percent.

7 year jumbo IO loan adjustable mortgage rates are averaging 4.66 percent, up from an average jumbo 7 year home mortgage rate of 4.58 percent last week. Current 7 year jumbo adjustable interest-only mortgage rates today are also averaging 4.66 percent.

Home Equity Loan Rates Today

Current 10 year home equity loan rates are averaging 6.677 percent, unchanged from the previous week’s average home equity loan rate.

15 year home equity rates today are averaging 7.063 percent, unchanged from last week’s average home equity rate.

HELOC Rates Today

Home equity line of credit rates are averaging 5.17 percent, unchanged from last week’s average HELOC rate.

Author: Brian McKay
November 2nd, 2010