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Mortgage Rates Current: 30 Year Mortgage Rates at 5.17% and 15 Year Mortgage Rates at 4.55%

Mortgage Rates Current 30 Year Mortgage Rates at 5.17 and 15 Year Mortgage Rates at 4.55Current mortgage rates are mixed for the week ending January 11, 2009. 30 year mortgage rates were up slightly to 5.17 percent while 15 year mortgage rates were down to 4.55 percent. After several consecutive weeks of mortgage rates increasing, rates have taken a pause this past week.

Looking for the today's mortgage interest rates? Use our mortgage rate tables to find the best mortgage rates  in your state or zip code. Today’s Mortgage Interest Rates.



Mortgage rates started going up in the second week of December 2009 after making new record lows. The run up has been quicker than anticipated. Boston Federal Reserve President Eric Rosengreen said 30 year mortgage rates will rise by .75 percent by the end of the first quarter when the Fed completes its $1.25 trillion in mortgage-backed securities.

With today's mortgage interest rates at 5.17 percent, an increase of .75 percent will bring 30 year mortgage interest rates up to 6.00 percent. This is a big increase from current mortgage rates.


Today's Mortgage Interest Rates


30-year conforming mortgage rates are at 5.17 percent this week, up from the previous week’s average home mortgage rate of 5.16 percent.

15-year mortgage rates are at 4.55 percent this week, down from last week’s average home loan interest rate of  4.58 percent.

Jumbo Mortgage Rates


30-year jumbo mortgage rates are averaging 5.85% this week, up from the prior week’s loan home rate of 5.81%.

15 year jumbo mortgage loans are averaging 5.33% this week, down from the prior week’s average mortgage home loan rate of 5.34%.

Adjustable Mortgage Rates


1-year adjustable home mortgage loan rates are averaging at 4.57% this week, down from the prior week when one year home loans were averaging 4.61%.

3-year adjustable mortgage interest rates are averaging 4.56%, down from last week’s average loan rate of 4.58%.

5-year adjustable mortgage rates are averaging 4.33 percent this week, down from the previous week’s average mortgage rate of 4.36%.

7-year adjustable loan rates are averaging 4.85%, unchanged from last week’s average loan rate.

The average 10-year mortgage is at 5.33%, up from the previous week’s average bank mortgage rate of 5.28%.

Jumbo Adjustable Mortgage Rates


1-year jumbo adjustable mortgage rates are averaging 5.48% this week, up slightly from the prior week’s average mortgage finance interest rate of 5.47%.

Current 3-year jumbo ARMs are averaging 5.80% this week, up from last week’s adjustable rate of 5.60%.

Today’s 5-year jumbo ARM is averaging 5.07% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.04%.

7-year jumbo ARMs are averaging 5.79% this week, up from last week’s average mortgage rate of 5.67%.

The average 10-year jumbo is at 6.10 percent, up from the prior week’s average 10-year mortgage rate of 6.01 percent.

Interest Only Mortgage Rates


3-year interest only mortgage rates are averaging 4.70 percent this week, down from last week’s average interest rate of 4.72%.

5-year interest only loans are averaging 4.49 percent this week, unchanged from last week's average five ear interest only mortgage.

7-year IO loan rates are averaging 5.07 percent this week, unchanged from last week’s average interest rate.

Jumbo Interest Only Mortgage Rates


3-year jumbo interest only mortgages are averaging 5.95% this week, up from last week’s jumbo interest mortgage rate of 5.82%.

5-year jumbo IO loan rates are averaging 5.40%, up from the prior week’s average IO mortgage rate of 5.38%.

The average jumbo 7-year IO loan mortgage rate is at 6.27%, up from last week’s average jumbo rate of 6.10%.

Home Equity Loans


The average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.425% this week, up from last week’s average equity home loan rate of 7.419%. 15 year home equity rates decreased to 7.521%, down slightly from the prior week’s average equity loan rate of 7.522%.

Home Equity Line of Credit (HELOC)


Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.904% this week, unchanged from last week’s average HELOC rate.

Looking for the current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates
 
Author: Brian McKay
January 11th, 2010