Mortgage Rates May 12: Today’s Mortgage Rates Near Low for 2011 in Monitor Bank Rates Mortgage Survey

Mortgage Rates

Today's mortgage rates are still near lows for 2011 in our mortgage rate survey. Conforming 30 year mortgage rates are averaging 4.64%, a slight increase from yesterday's average 30 year mortgage rate of 4.61%.

Conforming 15 year mortgage rates are lower today. Current 15 year rates are averaging 3.86%, down from yesterday's average mortgage rate of 3.87%.

Search our home loan rate tables at Mortgage-Rates for the best mortgage rates in your state.

30 year jumbo mortgage rates increased 13 basis points to 5.21%. 30 year jumbo rates have fallen for the past month and looked to break 5.00% but have since increased the past couple of days.

Jumbo 15 year mortgage rates are slightly higher today. Current 15 year jumbo interest rates are averaging 4.44%, an increase from yesterday's average 15 year jumbo rate of 4.42%.

Average mortgage rates are as reported by Monitor Bank Rates.

Author: Lisa Graham
May 12th, 2011

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