Current Mortgage Rates: July 14, 2010

Current mortgage interest rates hit a new low this afternoon. Today's 30 year mortgage rates are averaging 4.58 percent, down from Monday's average 30 year mortgage interest rates of 4.67 percent. Thirty-year fixed mortgage rates have been under 5.00 percent for a couple of months. A year ago that this time rates were even higher.

Lower mortgage rates didn't stop the MBA's mortgage application indexes from declining. In fact, home purchases have declined significantly since the first time home buyer  tax credit expired.

Mortgage rates have hovered just above record lows since economic data has come out showing the U.S. economy is slowing down. A weaker employment report and housing report sent bond yields and mortgage interest rates lower.

Current Average Mortgage Rates for July, 14, 2010

• 30 Year Conforming Fixed Mortgage Rates 4.58%
• 15 Year Conforming Fixed Mortgage Rates 4.19%
• 30 Year Fixed Jumbo Mortgage Rates 5.34%
• 15 Year Fixed Jumbo Mortgage Rates 4.83%

Comparing mortgage rates and mortgage refinance rates? Use our rate tables at MortgageRates.MonitorBankRates.com to compare mortgage rates. No personal information is needed for a list of mortgage rates.