Bitcoin tops 41,000. Check current cryptocurrency prices here:

Mortgage Rates at Another Record Low: 30 Year Mortgage Rates at 4.58%, 15 Year Mortgage Rates at 4.04%

mortgage-rates-at-another-record-low-30-year-mortgage-rates-at-458-15-year-mortgage-rates-at-404Mortgage rates have hit another record low with the exception of 1 year adjustable mortgage rates in Freddie Mac's Primary Mortgage Market Survey released yesterday. 30 year fixed conforming mortgage rates declined to 4.58 percent for the week ending July 1, 2010, down from the prior week’s average 30 year mortgage rate of 4.69 percent. Average mortgage discount points remained unchanged at 0.7 points.

Looking for today's mortgage rates and mortgage refinance rates? Use our mortgage rates table at to find today's mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.

Mortgage rates have been heading down recently, following bond yields lower. The Labor Department released the Employment Situation Summary for June this morning. Non-farm payroll employment declined 125,000 in June and the unemployment rate fell to 9.5%. The census layoffs (225,000 jobs) caused the payroll number to decline for the first time this year and the unemployment rate fell because 652,000 people gave up looking for work. Overall the report wasn't rosy which will probably drive bond yields and mortgage rates lower.

Current 15 year fixed conforming mortgage rates are also lower for the week ending July 1, 2010. 15 year mortgage interest rates are averaging 4.04 percent, down from the previous week's average 15 year mortgage rate of 4.13 percent. Mortgage discount points averaged 0.7 points, up from the prior week’s average of 0.6 points.

5 year Treasury indexed adjustable rate mortgages are als0 down for the week ending July 1, 2010. Current 5 year adjustable mortgage interest rates are averaging 3.79 percent, down from last week’s average 5 year adjustable mortgage interest rate of 3.84 percent. Average mortgage points were unchanged at 0.7 points.

1 year U.S Treasury indexed adjustable mortgage rates averaged 3.80 percent for the week ending July 1, 2010, an increase from the prior week’s average 1 year adjustable mortgage rate of 3.77 percent. Mortgage points averaged o.7 points, up from last week’s average of 0.6 points.
Author: Brian McKay
July 2nd, 2010