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Mortgage Rates Near 2010 High: Current 30 year Mortgage Rates at 5.17%

Mortgage Rates Near 2010 High Current 30 year Mortgage rates at 517Current mortgage rates are near the high for 2010. Mortgage rates jumped higher the past couple of weeks because the Fed wound up its purchase of mortgage-backed securities (MBS) and Treasury yields headed higher. 30 year mortgage rates are currently averaging 5.17 percent this week, up slightly from the prior week's average 30 year mortgage interest rate of 5.16 percent. 30 year rates also hit an inter-week high of 5.25 percent this past week.

15 year fixed mortgage rates are also higher this week over last. 15 year mortgage interest rates are back above 4.50 percent at 4.54 percent, up from last week's average mortgage rate of 4.47 percent. This week is the first week in 2010 15 year rates are above 4.50 percent.

Looking for current mortgage rates and refinance rates? Search our mortgage rate tables here:

Mortgage Rates, Current

Jumbo Rate Mortgages

30 year jumbo bank mortgage rates are averaging  5.59 percent this week, down from the previous week’s average jumbo loan rate of 5.61 percent. Current jumbo refinance rates are also averaging 5.61 percent this week.

15 year jumbo mortgage rates are averaging 5.10 percent this week, an increase from last week’s average jumbo rate of  5.05. 15 year jumbo refinance rates are also averaging 5.10 percent this week.

Adjustable Mortgage Rates

1 year conforming adjustable mortgage rates are averaging 4.67 percent this week, an increase from last week’s average 1 year home loan rate of 4.63 percent. 1 year mortgage refinance rates are also averaging 4.67 percent this week.

The average 3 year conforming adjustable mortgage rate is at 4.61 percent this week, down from the previous week’s average home mortgage rate of 4.66 percent. 3 year refinance rates are also averaging 4.61 percent this week.

5 year conforming adjustable mortgage interest rates are averaging 4.01 percent this week, up from last week’s average home loan rate of 3.98 percent. 5 year mortgage refinance rates were also up this week, the average 5 year refi rate is 4.01 percent.

7 year conforming ARMs are averaging 4.55 percent this week, down from the prior week’s average 7 year loan interest rate of 4.61 percent. 7 year mortgage refinance rates are also averaging 4.55 percent this week.

Conforming 10 year adjustable mortgage rates are averaging 4.84 percent this week, a decrease from last week’s average mortgage interest rate of 4.89 percent. 10 year home loan refinance rates are also averaging 4.81 percent this week.

Jumbo Adjustable Mortgage Rates

1 year jumbo ARMs are averaging in at 5.59 percent this week, unchanged from last week’s average mortgage interest rate.

The average 3 year jumbo ARM is at 5.28 percent this week, up from the prior week’s average home loan rate of 5.15 percent. 3 year home refinance rates are also up this week. The current 3 year jumbo refi rate is 5.28 percent.

The average 5 year jumbo ARM is at 4.61 percent this week, a decrease from last week’s average mortgage rate of 4.65 percent. Current 5 year refinance loan rates are averaging 4.61 percent.

7 year jumbo ARMs are averaging 5.58 percent this week, up from last week’s average loan mortgage rate of 5.50 percent.7 year loan refinance rates are also averaging 5.58 percent this week.

10 year jumbo mortgage interest rates are averaging 6.01 percent this week, up from last week’s average 10 year rate of 5.91 percent. 10 year jumbo refinance loan rates are also averaging 6.01 percent this week.

Interest Only Mortgage Rates

The average conforming 3 year interest only mortgage rate is at 4.70% this week, down from the previous week’s average mortgage interest rate of 4.92%.

The average 5 year interest only home loan is at 4.06% this week, down from last week’s average five year interest only mortgage rate of 4.16%.

7 year IO home loans are averaging 4.70% this week, up from last week’s average interest rate of 4.61%.

3 year jumbo IO loans are averaging 5.78 percent this week, up from last week’s jumbo interest mortgage rate of 5.63 percent.

The average 5 year jumbo IO loan rate is at 5.12 percent, down from the prior week’s average IO mortgage rate of 5.29 percent.

The average 7 year jumbo IO loan is at 6.05 percent, up from the prior week’s average jumbo 7 year rate of 5.88 percent.

Home Equity Loan Rates

The average home equity loan rate is down this week over last. 10 year home equity loan rates are averaging 7.440 percent this week, up from last week’s average equity home loan rate of 7.281. 15 year home equity rates averaged 7.620 percent, up from last week’s average home equity rate of 7.557.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.675 percent this week, unchanged from the prior week’s average HELOC rate.
Author: Brian McKay
April 12th, 2010