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Mortgage Rates Steady, Bond Yields Higher as Greece Votes Yes: 30 Year Mortgage Rates at 4.51%

Mortgage rates hold steady in week's mortgage rates survey. In the Primary Mortgage Market Survey released by Freddie Mac, conforming 30 year mortgage rates averaged 4.51% with 0.7 mortgage discount points for the week ending June 30, 2011. The prior week's mortgage rate survey had 30 year mortgage rates at 4.50% with 0.8 discount points. Bond yields are higher on the news that the Greek Parliament voted yes to austerity measures to avoid a debt default.

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Fixed conforming 15 year mortgage rates averaged 3.69% with 0.7 points for the week ending June 30, 2011, unchanged from the previous week’s survey.

5 year U.S. Treasury indexed adjustable mortgage rates averaged 3.22 percent with 0.6 points for the week ending June 30, 2011, down from the previous week’s average 5 year adjustable interest rate of 3.25 percent with 0.6 points.

1 year Treasury indexed adjustable mortgage rates averaged 2.97 percent with 0.6 points for the week ending June 30, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 2.99 percent with 0.5 points

Following is a more in-depth home mortgage rates survey released by MonitorBankRates.com earlier this past Monday:

Today's Mortgage Rates


Conventional Adjustable Mortgage Rates and Conforming Adjustable Refinance Rates

Mortgage Rates Steady, Bond Yields Higher as Greece Votes Yes: 30 Year Mortgage Rates at 4.51%The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 3.02%, up from last week’s average 1 year adjustable jumbo mortgage rate of 2.95%.

Current 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.00%, down from last week’s average 3 year adjustable mortgage rate of 3.09%.

Refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.04%, up from the prior week’s average rate of 3.40%.

Refinance mortgage rates and mortgage rates currently on 7 year adjustable home loans are averaging 3.36%, down from the previous week’s average 7 year loan rate of 3.37%.

10 year adjustable mortgage loan rates are averaging 3.84% this week, down from last week’s average 10 year adjustable rate of 3.90%. Current mortgage refinance rates on 10 year home loans are also averaging 3.84%.

Today's Adjustable Jumbo Mortgage Rates


1 year jumbo adjustable loan rates are averaging 3.125%, down from the prior week’s average 1 year jumbo adjustable loan interest rate of 4.05%. Refinance rates on 1 year jumbo mortgage loans are also averaging 3.125%.

3 year adjustable jumbo rates are averaging higher at 3.53%, down from last week’s average 3 year jumbo adjustable rate of 3.82%. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.53%.

5 year adjustable jumbo rates today are averaging 3.31%, a decrease from last week’s average jumbo adjustable rate of 3.40%. Today’s refinancing mortgage interest rates are also averaging 3.31%.

Current 7 year jumbo adjustable loan rates are averaging 3.87%, down from last week’s average 7 year adjustable home loan rate of 4.05%. 7 year jumbo refinance loan rates are also lower at 3.87%.

10 year jumbo loan rates are averaging 3.34%, down from the prior week’s average 10 year jumbo home loan rate of 4.36%. 10 year jumbo refinance interest rates are also lower, averaging 3.36%.

Conventional Interest Only Adjustable Mortgage Rates Currently


3 year interest only adjustable mortgage loan rates are averaging 3.00%, down from last week’s average interest only mortgage loan rate of 3.19%. 3 year interest only adjustable refinance mortgage rates are also averaging 3.00%.

5 year IO adjustable loan rates are averaging 3.09%, down last week’s average five year interest only mortgage loan rate of 3.15%. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.09%.

7 year interest only adjustable mortgage loan rates are averaging 3.51% percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.61%. 7 year adjustable refi loan rates are averaging 3.61%.

Interest Only Jumbo Mortgage Rates Today


3 year jumbo interest only adjustable loan rates are averaging 4.45%, up from last week’s average jumbo adjustable interest only rate of 4.31%. 3 year interest only adjustable jumbo refi rates are also averaging 4.45%.

5 year adjustable jumbo interest only rates are averaging 3.67%, down from last week’s average IO home mortgage interest rate of 3.87%. 5 year jumbo adjustable IO loan rates are also averaging at 3.67%.

7 year jumbo interest only adjustable rates are averaging 4.04%, down from last week’s average jumbo 7 year home loan rate of 4.41%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.04%.

Home Equity Loan Rates Today


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

15 year home equity rates are averaging 6.87%, unchanged from the prior week’s average home equity loan rate.

Current Home Equity Line of Credit Rates


Home equity line of credit rates are averaging 4.95%, unchanged from last week’s average rate HELOC rate.

We offer free mortgage rate widgets for your website. You can display national average mortgage rates and state average mortgage rates by using our mortgage rate widgets. Get the code here: Mortgage Rate Widgets.
 
Author: Brian McKay
June 30th, 2011