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Mortgage Rates Decline this Week 3-21: 30 Year Mortgage Rates and Refinance Rates at 4.77%

Average 30 year conforming mortgage rates and mortgage refinance rates are at 4.77 percent, down from last week’s average 30 year mortgage rate and refinance rate of 4.81 percent. 30 year mortgage rates and refinance rates in Rhode Island are even lower. Current average 30 year rates in Rhode Island are averaging 4.70 percent. Right now on our rate table in RI Absolute Mortgage Company is offering 30 year refinance rates at 4.625 with zero mortgage points.

Current average 15 year mortgages rates and refinance rates are at 4.08 percent, down from last week when 15 year mortgage rates and refinancing rates averaged 4.11 percent. 15 year mortgage and refinance rates in Louisiana are higher than the national average interest rate. Today's 15 year rates in LA are averaging 4.22 percent. Right now on our rate table in Louisiana, Capwest Mortgage is offering 15 year rates at 3.75 percent with one mortgage discount point.



Current 30 year jumbo mortgage rates are averaging 5.29 percent, down from last week’s average jumbo rate of 5.35 percent. 30 year jumbo loan rates and jumbo refi rates in Colorado are higher than the national average jumbo rate. Today's 30 year jumbo rates in CO are averaging 5.40 percent.

15 year jumbo rates are averaging 4.71 percent, down from the prior week’s average jumbo mortgage loan rate of 4.78 percent. 15 year jumbo mortgage rates today in New Mexico are lower than the national average. 15 year New Mexico jumbo rates are averaging 4.51 percent.

Mortgage Rates


Conventional Adjustable Mortgage Rates and Conventional Adjustable Refinancing Rates


The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 3.14 percent, up from last week’s average 1 year adjustable home mortgage refi rate and loan rate of 3.13 percent.

3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.47 percent, up from last week’s average 3 year adjustable mortgage rate of 3.37 percent.

Current refinance rates and mortgage rates on 5 year ARMs are averaging 3.18 percent, down from the prior week’s average rate of 3.24 percent.

Today’s refinance mortgage rates and mortgage rates on 7 year adjustable home loans are averaging 3.54 percent, down from the previous week’s average 7 year loan rate of 3.71 percent.

10 year adjustable mortgage loan rates are averaging 4.18 percent this week, down from last week’s average 10 year adjustable rate of 4.22 percent. Current mortgage refinance rates on 10 year home loans are also averaging 4.22 percent.

Adjustable Jumbo Refinancing Rates and Jumbo Interest Rates Today


Today 1 year jumbo adjustable loan rates are averaging 4.05 percent, up from the prior week’s average 1 year jumbo adjustable loan rate of 3.50 percent. Refinance rates on 1 year jumbo loans are also averaging 4.05 percent.

3 year adjustable jumbo rates are averaging 4.52 percent, down from last week’s average 3 year jumbo adjustable rate of 4.60 percent. Current refinance interest rates on 3 year jumbo loans are also lower, averaging 4.52 percent.

5 year adjustable jumbo interest rates today are averaging 3.59 percent, down from last week’s average jumbo adjustable rate of 3.92 percent. Today’s refinancing mortgage interest rates are also averaging 3.59 percent.

7 year jumbo adjustable loan rates are averaging 4.25 percent, down from last week’s average 7 year adjustable home loan rate of 4.58 percent. 7 year jumbo refinance loan rates are also lower at 4.25 percent.

10 year jumbo loan rates are averaging 4.89 percent, down from the prior week’s average 10 year jumbo home loan rate of 5.28 percent. 10 year jumbo refinance interest rates are also lower, averaging 4.89 percent.

Conventional Interest Only Adjustable Mortgage Rates and Adjustable Interest Only Refinancing Rates


3 year interest only adjustable mortgage loan rates are averaging 3.57 percent, up from last week’s average interest only mortgage loan rate of 3.51 percent. 3 year interest only adjustable refinance mortgage rates are also averaging 3.57 percent.

5 year interest only ARMs are averaging 3.29 percent, down from last week’s average five year interest only mortgage loan rate of 3.48 percent. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.29 percent.

7 year interest only adjustable mortgage loan rates are averaging 3.75 percent, down from last week’s average 7 year interest-only mortgage rate of 3.95 percent. 7 year adjustable refi loan rates are averaging 3.75 percent.

Interest Only Jumbo Mortgage Refinancing Rates and Interest Only Jumbo Mortgage Interest Rates


3 year jumbo interest only adjustable loan rates are averaging 4.71 percent, down from last week’s average jumbo adjustable interest only rate of 4.78 percent. 3 year interest only adjustable jumbo refi rates are also averaging 4.71 percent.

5 year adjustable jumbo interest only rates are averaging 4.03 percent, down from last week’s average IO home mortgage interest rate of 4.31 percent. 5 year jumbo adjustable IO loan rates are also averaging 4.03 percent.

7 year jumbo interest only adjustable rates are averaging 4.58 percent, down from last week’s average jumbo 7 year home loan rate of 4.90 percent. Current 7 year jumbo adjustable interest-only rates are also averaging 4.58 percent.

Home Equity Loan Rates


10 year home equity loan rates are averaging 6.65 percent, down from last week’s average home equity loan rate of 6.67 percent.

15 year home equity rates are averaging 6.91 percent, down from the prior week’s average home equity loan rate of 7.02 percent.

Home Equity Line of Credit Rates (HELOC)


Home equity line of credit rates are averaging 5.13 percent, unchanged from last week’s average rate HELOC rate.
 
Author: Brian McKay
March 21st, 2011