Refinance Mortgage Rates: 30 Year Refinance Rates at 5.09%, 15 Year Refinance Rates at 4.39%

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refinance-mortgage-rates-30-year-refinance-rates-at-509-15-year-refinance-rates-at-439Refinance rates increased this week, after several weeks of declines. Fixed conforming 30 year refinance mortgage rates are averaging 5.09%, up from the prior week's average refinance rate of 4.95%. This is the first time in several weeks 30 year refinance rates are back above 5.00%.

Fixed jumbo mortgage refinance rates are also up this week, current 30 year jumbo refinance rates are averaging 5.85%, up from last week's average mortgage refinance rate of 5.62%.
Loan Type
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PERIOD_FIXED_30YEARS Mortgage Loan from
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NMLS # 2890
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at -0.250 pts
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Est payment: $1,390
Fees in APR: ($747)
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Mortgage rates and refinance rates are expected to go higher in the next several months when the Federal Reserve stops buying mortgage-backed securities by the end of March 2010. If you're thinking about refinancing, now is a good time to do so.

Looking for mortgage refinance rates? Use our mortgage rate tables to find current refinance rates. Mortgage Refinance Rates.

Refinance Mortgage Rates

The average conforming 30 year mortgage refinance rate is back above 5.00 percent at 5.09 percent, up from last week’s average home refinance rate of 4.95 percent. FHA refinance rates are even lower than conforming refinance rates.

15 year conforming loan refinance rates are averaging 4.39 percent this week, an increase from last week’s home loan refinance rate of 4.34 percent.

Jumbo Refinance Mortgage Rates

Fixed 30-year jumbo refinance rates are averaging 5.85% this week, up from the prior week’s average refinance home loan rate of 5.64%.

15 year jumbo refinance home mortgage rates are averaging 5.07% this week, up from the previous week’s average refinance loan rate of 5.05%.

Adjustable Refinance Mortgage Rates

1 year adjustable refinance loans are averaging 4.26%, a decrease from last week when 1 year refinance mortgage rates averaged 4.67%.

The average conforming 3 year adjustable refinance rate is at 4.61% this week, an increase from last week’s mortgage loan refinance rate of 4.59%.

Conforming 5 year adjustable interest mortgage rates are averaging 4.05% this week, unchanged from the previous week’s average mortgage interest rate. The average 5 year mortgage refinance is also unchanged this week at 4.05%.

The average 7 year conforming mortgage refinance rate is at 4.60%, up from last week’s average mortgage refinance rate of 4.47%.

The average 10 year refinance mortgage rate is at 4.79%, down from last week's equity refinance rate of 4.90%.

Jumbo Refinance Adjustable Mortgage Rates

The average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from the prior week’s average refinance rate. Right now some of the best refinance rates are 1 year adjustable rates.

The average refinance rate for a 3 year jumbo loan is at 5.44% this week, up from the prior week's average adjustable refinance loan rate of 5.27%.

The average 5 year jumbo refinance interest rate is at 4.76% this week, up from last week’s average refinance bank rate of 4.69%.

7 year jumbo refinance home loans are averaging 5.80% this week, up from the previous week’s average refinance home loan rate of 5.61%.

The average 10 year home refinance rate is at 5.99%, up from the prior week’s when 10 year home refinance rates averaged 5.92%.

Looking for refinancing rates? The best refinance rates can be found in your state by searching our refinance rate tables. Refinance Rates

Author: Brian McKay
February 23rd, 2010