Mortgage Rates Decline: 30 Year Mortgage Rates at 4.78%, 15 year Mortgage Rates at 4.27%

Mortgage rates declined this week over last following U.S. Treasury yields lower. Mortgage rates headed lower late last week when the disappointing job numbers for May came out and the debt crisis in Europe continued with Hungary being the latest concern. 30 year mortgage rates are down to 4.78 percent this week over last, down from the previous week's average mortgage rate of 4.96 percent.

Looking for current mortgage rates and current mortgage refinance rates? Use our mortgage rates table at MortgageRates.MonitorBankRates.com to find a list of today's mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.

Today's 15 year mortgage rates are down to 4.26 percent, down from last week's average 15 year mortgage rate of 4.27 percent. 15 year mortgage rates haven't decreased as much as 30 year mortgage rates the past week.

Current Jumbo Mortgage Rates

Current 30 year jumbo mortgage rates are averaging 5.45 percent, down from an average jumbo mortgage interest rate of 5.49 percent. Today's 30 year jumbo mortgage refinance rates are also lower this week, averaging 5.45 percent.

15 year jumbo mortgage rates today are averaging 4.92 percent, up from last week's average jumbo mortgage rate of 4.90 percent. Current 15 year jumbo refinance rates are also higher, averaging 4.92 percent.

Adjustable Mortgage Interest Rates, Current

1 year conventional adjustable mortgage rates currently are averaging 3.73 percent, a decline from an average 1 year adjustable home mortgage rate of 3.78 percent last week. Today's 1 year adjustable mortgage interest rates for refinancing a home are averaging 3.73.

Currently, 3 year conventional adjustable rate mortgages are averaging 4.34 percent, down from an average mortgage rate of 4.50 percent last week. Current 3 year refinance mortgage rates are also down this week averaging 4.34 percent.

Today's 5 year conforming adjustable mortgage rates are averaging 3.73 percent, down from an average home mortgage interest rate of 4.07 percent. Current 5 year refinance home mortgage rates are averaging 3.73 percent.

7 year conforming adjustable mortgage rates are averaging 4.21 percent this week, a decline from last week’s average 7 year  mortgage home rate of 4.24 percent. Current 7 year refinance rates were also down to 4.21 percent.

10 year conforming adjustable interest mortgage rates are averaging 4.41 percent today, a decline from an average 10 year home mortgage rate of 4.45 percent last week. Current 10 year home loan mortgage refinance rates are  averaging 4.41 percent.

Today's Jumbo Adjustable Mortgage Rates

Current 1 year jumbo adjustable mortgage rates are averaging 5.95 percent, unchanged from last week’s average 1 year adjustable jumbo mortgage rate. 1 year jumbo refinance mortgage rates are also averaging 5.95 percent.

3 year jumbo adjustable mortgage rates today are averaging 5.00 percent, an increase from an average jumbo home mortgage rate of 4.80 percent last week. 3 year jumbo mortgage refinance rates are also up to 5.00 percent.

5 year jumbo adjustable mortgage interest rates today are averaging 4.40 percent, down from last week’s average mortgage interest rate of 4.45 percent. 5 year jumbo home refinance loan rates are averaging 4.40 percent.

7 year jumbo adjustable mortgage rates today are averaging 5.26 percent, unchanged from last week’s average 7 year home loan rate. 7 year jumbo refinance rates are unchanged at 5.26 percent this week.

10 year jumbo home mortgage rates today are averaging 5.65 percent, a decline from an average 10 year jumbo home mortgage rate of 5.67 percent last week. Current 10 year jumbo home loan refinance rates are also averaging 5.65 percent this week.

Current Interest Only Mortgage Rates

Conventional 3 year interest only mortgage rates today are averaging 4.43 percent, a decline from last week’s average IO home mortgage rate of 4.63 percent.

Current 5 year conventional interest only loans are averaging 3.84 percent, a decline from last week’s average five year interest only home mortgage rate of 4.05 percent.

7 year IO home mortgage rates are averaging 4.35 percent, down from an average mortgage rate of 4.41 percent last week.

Today's Jumbo Interest Only Mortgage Rates

Current 3 year jumbo interest only mortgage rates are averaging 5.47 percent this week, up from an average jumbo interest mortgage rate of 5.35 percent last week.

5 year jumbo IO loan home mortgage rates are averaging 5.01 percent, down from an average IO home mortgage rate of 5.03 percent.

Current 7 year jumbo IO home mortgage loans are averaging 5.57 percent, down from an average jumbo 7 year home mortgage rate of 5.79 percent.

Home Equity Loan Rates, Current

10 year home equity loan rates are averaging 7.255 percent, a decrease from last week’s average home equity loan rate of 7.293 percent.

15 year home equity rates are averaging 7.416 percent this week, unchanged from last week’s average home equity rate.

Current Home Equity Line of Credit Rates (HELOC)

The current average home equity line of credit rates are averaging 4.777 percent this week, up from last week’s average HELOC rate of 4.664.