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Mortgage Rates 6-1: 30 Year Mortgage Rates Increase to 4.56%, 10 Year Bond Yields Now Under 3.00%

Mortgage rates today are mixed today but will head lower this week following U.S. Treasury yields lower on weak economic news. 30 year mortgage rates are averaging 4.56%, up from yesterday's average 30 year mortgage rate of 4.54%.

Find today's mortgage rates in your state by searching our mortgage rate tables at MortgageRates.MonitorBankRates.com. You can find curernt mortgage rates from several lenders and unlike most other websites; no personal information is needed to view a list of rates.



10 year Treasury yields are down to 2.96% as the payroll processing firm ADP reported private employers added only 38,000 jobs in May, the lowest since September 2010 and a lot less than analysts were expecting. The weak economic news also slammed stocks, the Dow is down over 200 points and the S&P 500 is down over 22 points.

Lower bond yields will send mortgage rates lower over the next couple of days. Current 15 year mortgage rates are averaging 3.81%, unchanged from yesterday's average 15 year mortgage rate.

Today's 30 year jumbo mortgage rates are averaging 5.09%, up from yesterday's average 30 year jumbo mortgage rate of 5.05%. 15 year jumbo mortgage rates today are averaging 4.26%, down from yesterday's average 15 year jumbo mortgage rate of 4.39%.

Following is a more in-depth home mortgage rate survey released by MonitorBankRates.com earlier this week:

Mortgage Rates Today


Conforming Adjustable Mortgage Rates and Conforming Adjustable Refinance Rates


The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 2.96 percent, a decline from last week’s average 1 year adjustable home mortgage refi rate and loan rate of 3.02 percent.

3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.03 percent, down from last week’s average 3 year adjustable mortgage rate of 3.12 percent.

Current refinance rates and mortgage rates on 5 year adjustable mortgages are averaging 3.41 percent, up from the prior week’s average rate of 3.40 percent.

Current refinance mortgage rates and mortgage rates on 7 year adjustable home loans are averaging 3.47 percent, down from the previous week’s average 7 year loan rate of 3.54 percent.

10 year adjustable mortgage loan rates are averaging 3.99 percent this week, down from last week’s average 10 year adjustable rate of 4.00 percent. Current mortgage refinance rates on 10 year home loans are also averaging 3.99 percent.

Adjustable Jumbo Refinance Rates and Jumbo Mortgage Rates Today


1 year jumbo adjustable loan rates are averaging 4.05 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan interest rate. Refinance rates on 1 year jumbo loans are also averaging 4.05 percent.

3 year adjustable jumbo rates are averaging higher at 3.85 percent, down from last week’s average 3 year jumbo adjustable rate of 3.91 percent. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.85 percent.

5 year adjustable jumbo interest rates today are averaging 3.44 percent, a decrease from last week’s average jumbo adjustable rate of 3.46 percent. Today’s refinancing mortgage interest rates are also averaging 3.44 percent.

7 year jumbo adjustable loan rates today are averaging 4.01 percent, down from last week’s average 7 year adjustable home loan rate of 4.04 percent. 7 year jumbo refinance loan rates are also lower at 4.01 percent.

10 year jumbo loan rates are averaging 4.48 percent, down from the prior week’s average 10 year jumbo home loan rate of 4.56 percent. 10 year jumbo refinance interest rates are also lower, averaging 4.48 percent.

Conforming Interest Only Adjustable Mortgage Rates and Adjustable Interest Only Refinancing Rates Today


3 year interest only adjustable mortgage loan rates are averaging 3.26 percent, up from last week’s average interest only mortgage loan rate of 3.12 percent. 3 year interest only adjustable refinance mortgage rates are also averaging 3.16 percent.

5 year IO adjustable loan rates are averaging 3.19 percent, down from last week’s average five year interest only mortgage loan rate of 3.26 percent. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.19 percent.

7 year interest only adjustable mortgage loan rates are averaging 3.73 percent, up from last week’s average 7 year interest-only mortgage interest rate of 3.71 percent. 7 year adjustable refi loan rates are averaging 3.73 percent.

Today's Interest Only Jumbo Mortgage Refinancing Rates and Interest Only Jumbo MortgageRates


3 year jumbo interest only adjustable loan rates are averaging 3.76 percent, down from last week’s average jumbo adjustable interest only rate of 4.12%. 3 year interest only adjustable jumbo refi rates are also averaging 3.76 percent.

5 year adjustable jumbo interest only rates are averaging 3.85 percent, up from last week’s average IO home mortgage interest rate of 3.83%. 5 year jumbo adjustable IO loan rates are also averaging at 3.85 percent.

7 year jumbo interest only adjustable rates are averaging 4.24 percent, down from last week’s average jumbo 7 year home loan rate of 4.28%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.24  percent.

Current Home Equity Loan Rates Today


10 year home equity loan rates are averaging 6.77 percent, unchanged from last week’s average home equity loan rate.

15 year home equity rates are averaging 6.87 percent, unchanged from the prior week’s average home equity loan rate.

Home Equity Line of Credit Rates Current


Home equity line of credit rates are averaging 4.95 percent, unchanged from last week’s average rate HELOC rate.

Real estate brokers, get free mortgage rates widgets for your website. You can display national average mortgage rates and state average mortgage rates by using our mortgage rate widgets. Get free widgets here: Mortgage Rates Widget. Rates are automatically updated each day.
 
Author: Lisa Graham
June 1st, 2011