web statistics

Mortgage Rates Hit New Record Low for 2011: 30 Year Mortgage Rates at 4.32%

Follow by Email
Facebook
Google+
Twitter
LinkedIn
Mortgage rates on 30 year home loans hit a new low in 2011, and 15 year, 5 year and 1 year mortgage rates hit all time lows in this week's mortgage rate survey. In Freddie Mac's Primary Mortgage Market Survey 30 year mortgage rates decreased to 4.32% with 0.7 mortgage points for the week ending August 11, 2011, down from the prior week's average 30 year mortgage rate of 4.39%. Average mortgage rates today on 30 year loans as reported by MonitorBankRates.com is even lower at 4.27%.

Compare mortgage rates today by searching our mortgage rate tables here: Mortgage Rates Today. Unlike most websites, no personal information is needed to view a list of mortgage rates.



Mortgage rates on 15 year home mortgage loans hit an all time low of 3.50% with 0.7 mortgage discount points for the week ending week ending August 11, 2011. This rate is down from the prior week's average 15 year mortgage rate of 3.54%

5 year U.S. Treasury-indexed adjustable mortgage rates are averaging 3.13% with 0.5 mortgage discount points for the week ending August 11, 2011, a decline from the previous week's average 5 year adjustable rate of 3.18%.

1 year U.S. Treasury-indexed adjustable mortgage rates are averaging 2.89% with 0.5 mortgage discount points, down from the prior week's average 1 year adjustable mortgage rate of 3.02%.

Following is a more in-depth mortgage rate report released by MonitorBankRates this past Monday:

Mortgage Rates


Current mortgage rates on 30 year conforming loans are averaging 4.28%, down from the previous week’s average 30 year mortgage rate of 4.48%. We might see 30 year mortgage rates break 4.00% this coming week.15 year mortgage rates are also lower this week. Current 15 year mortgage rates are averaging 3.50%, down from last week’s average 15 year mortgage rate of 3.69%.

30 year jumbo mortgage rates today are averaging 4.70%, down the prior week’s average 30 year jumbo mortgage rate of 4.91%. Today’s 15 year jumbo mortgage rates are averaging 4.09%, down from last week’s average 15 year jumbo rate of 4.24%.

Current Conforming Adjustable Mortgage Rates


1 year adjustable mortgage rates today are averaging 3.58%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.34%.

Current 3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.01%, down from last week’s average 3 year adjustable mortgage rate of 3.03%.

5 year adjustable mortgage mortgage are averaging 3.25%, down from the prior week’s average 5 year adjustable rate of 3.43%.

Today’s 7 year adjustable mortgage rates are averaging 3.28%, unchanged from the previous week’s average 7 year adjustable mortgage rate.

10 year adjustable mortgage rates currently are averaging 3.70%, down from last week’s average 10 year adjustable rate of 3.96%.

Today Adjustable Jumbo Mortgage Rates


Current 1 year jumbo adjustable mortgage rates are averaging 3.12%, down from last week’s average adjustable jumbo mortgage rate of 4.05%.

3 year adjustable jumbo rates today are averaging higher at 3.38%, down from last week’s average 3 year jumbo adjustable rate of 3.47%.

5 year adjustable jumbo mortgage rates current are averaging 3.21%, down from last week’s average jumbo adjustable rate of 3.38%.

7 year jumbo adjustable mortgage loan rates are averaging 3.64%, down from last week’s average 7 year adjustable home loan rate of 3.83%.

10 year jumbo loan rates are averaging 4.17%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.37%. 

Conforming Interest Only Adjustable Mortgage Rates Today


3 year interest only adjustable mortgage loan rates are averaging 3.09%, down from last week’s average interest only mortgage loan rate of 3.15%.

5 year IO adjustable loan mortgage rates are averaging 3.10%, down last week’s average five year interest only mortgage rate of 3.20%.

7 year interest only adjustable mortgage loan rates are averaging 3.40%, down from last week’s average 7 year interest-only mortgage interest rate of 3.58%. 

Interest Only Jumbo Mortgage Rates Current


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.90%, a decrease from last week’s average jumbo adjustable interest only rate of 3.98%.

5 year adjustable jumbo interest only rates are averaging 3.52%, down from last week’s average IO home mortgage interest rate of 3.65%.

7 year jumbo interest only adjustable rates are averaging 3.84%, down from last week’s average jumbo 7 year home mortgage loan rate of 4.04%.

Today's Home Equity Loan Rates


10 year home equity loan rates are averaging 6.62%, down from last week’s average home equity loan rate of 6.77%.

15 year home equity rates are averaging 6.66%, down from last week’s average home equity loan rate of 6.86%.

HELOC Rates Current


Home equity line of credit rates are averaging 4.97%, unchanged from last week’s average rate HELOC rate.
 
Author: Brian McKay
August 11th, 2011