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Mortgage Rates Hit Another New All-Time Low: 30 year Conforming Mortgage Rates at 4.38 percent, 30 Year Jumbo Mortgage Rates at 4.92%

Mortgage rates made another all-time low in this week's mortgage rates report. Record low mortgage rates can't help the housing market recover. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development said new homes sales fell to their lowest level since the government started tracking new home sales 40 years ago.

Current 30 year conforming mortgage rates are averaging 4.38 percent, down from an average 30 year mortgage rate of up 4.48 percent last week. If the economy continues to weaken or if we had back into a 30 year mortgage rates might hit 4.00 percent. 30 year mortgage rates were averaging 5.16 percent back in the beginning of 2010.



30 year jumbo mortgage interest rates are now under 5.00 percent averaging 4.92 percent, down from last week's average 30 year jumbo mortgage rate of 5.05 percent. In January of 2010 30 year jumbo mortgage rates were averaging 5.81 percent.

Mortgage Rates


30 year mortgage rates are averaging 4.38 percent, down from the prior week’s average 30 year mortgage rate of 4.48 percent. Current 30 year mortgage refinance rates are also lower averaging 4.38 percent this week.

Current 15 year mortgage rates are averaging 3.83 percent, unchanged from last week’s average 15 year mortgage interest rate. Current 15 year mortgage refinance rates are also unchanged at 3.83 percent.

Jumbo Mortgage Rates Today


30 year jumbo mortgage rates today are under 5.00 percent averaging 4.92 percent, down from last week’s average 30 year year jumbo mortgage rate of 5.05 percent. Current 30 year jumbo refinance mortgage rates are also down to 4.92 percent.

Today's 15 year jumbo mortgage rates are averaging 4.36 percent, a decline from last week’s average jumbo mortgage rate of 4.50 percent. Current 15 year jumbo refinance mortgage rates are also averaging 4.36 percent.

Adjustable Conventional Mortgage Rates


1 year adjustable mortgage rates are averaging 3.17 percent, down from last week’s average 1 year adjustable home mortgage interest rate of 3.19 percent. Current 1 year conforming adjustable refinance mortgage rates are also down to 3.17 percent this week.

Current 3 year adjustable mortgage rates today are averaging 3.79 percent, down from last week’s average 3 year adjustable rate mortgage of 4.06 percent. 3 year mortgage refinance rates today are also down to 3.79 percent.

5 year adjustable mortgage rates are averaging 3.44 percent, down slightly from the prior week’s average mortgage rate of 3.45 percent. 5 year refinance mortgage rates today are also averaging 3.44 percent.

Today's 7 year adjustable mortgage interest rates today are averaging 3.65 percent, a decline from the previous week’s average 7 year home mortgage rate of 3.72 percent.  7 year mortgage refinance rates are also lower  averaging 3.65 percent.

10 year adjustable bank mortgage rates are averaging 3.97 percent this week, a decline from last week’s average 10 year adjustable mortgage rate of 4.01 percent. 10 year home mortgage refinance rates are also lower this week averaging 3.97 percent.

Adjustable Jumbo Mortgage Rates


Current 1 year jumbo adjustable mortgage rates today are averaging 5.35 percent, unchanged from the prior week’s average 1 year jumbo adjustable mortgage interest rate. 1 year jumbo refinance mortgage rates are also averaging 5.35 percent.

Today's 3 year jumbo adjustable mortgage rates today are averaging 3.79 percent, down from last week’s average jumbo mortgage rate of 4.16 percent.  3 year jumbo refinance mortgage rates today are also down to 3.79 percent.

Current 5 year jumbo adjustable bank mortgage rates are averaging 3.73 percent this week, down from last week’s average mortgage rate of 3.87 percent. Current 5 year jumbo mortgage refinance rates are also down to 3.73 percent.

7 year jumbo adjustable mortgage rates are averaging 4.29 percent, down from last week’s average 7 year home mortgage rate of 4.42 percent. 7 year jumbo refinance mortgage rates are also lower averaging 4.29 percent.

10 year jumbo mortgage rates are averaging 4.99 percent, down from the previous week’s average 10 year jumbo home mortgage rates of 5.02 percent. 10 year jumbo home refinance interest rates are also down averaging 4.99 percent.

Interest Only Conventional Adjustable Mortgage Rates


3 year interest only adjustable mortgage rates are averaging 4.08 percent, down slightly from last week’s average interest only mortgage loan rate of 4.09 percent. Today’s 3 year interest only adjustable refinance mortgage rates are also down averaging 4.08 percent.

Today's 5 year interest only adjustable bank mortgage rates are averaging 3.59 percent, down from last week’s average five year interest only mortgage loan rate of 3.62 percent. Current 5 year interest only adjustable refinance mortgage rates are also lower averaging 3.59 percent.

7 year interest only adjustable mortgage rates today are averaging 3.76 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.86 percent. 7 year adjustable refinance rate mortgages are lower averaging 3.76 percent.

Jumbo Interest Only Adjustable Mortgage Rates


3 year jumbo interest only adjustable mortgage rates are averaging 4.55 percent, unchanged from last week’s average jumbo adjustable interest only mortgage rate. Today's interest only adjustable jumbo refinance rates are also unchanged.

5 year adjustable jumbo interest only mortgage rates are at 4.29 percent, no change from last week's average IO home mortgage interest rate week. Current 5 year jumbo adjustable IO loan rates are also unchanged averaging 4.29 percent.

Today's 7 year jumbo IO adjustable mortgage rates are averaging 4.67 percent, down from an average jumbo 7 year home mortgage rate of 4.77 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.67 percent.

Home Equity Loan Rates


Current 10 year home equity loan rates are averaging 6.884 percent, down from the previous week’s average when home equity loans averaged 7.009 percent.

15 year home equity rates today are averaging 7.175 percent, down from last week’s average home equity loan rate of 7.377 percent.

Home Equity Line of Credit Rates (HELOC Rates)


The current average home equity line of credit rate is averaging 4.763 percent this week, up slightly from last week's average HELOC rate of 4.762 percent.

Use our mortgage rate widgets to keep track of national average mortgage rates and state mortgage rates on your website. Use our free mortgage calculator to see how much your monthly mortgage payments will be on a home mortgage loan.
 
Author: Brian McKay
August 30th, 2010