Current Average Mortgage Rates Mixed: 30-year Mortgage Rates Lower This Week

Current average mortgage rates are mixed this week with conforming 15-year mortgage rates having the biggest decline and one-year jumbo mortgage rates having the biggest increase in rates. The yield curve is now inverted when you compare average mortgage rates on conforming one-year, three-year and five-year adjustable mortgage rates.

Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find today’s current mortgage rates in your state or zip code. Find Currnet Mortgage Rates

Some housing analysts believe we might see mortgage rates head higher later this year as the Federal Reserve winds down the program to purchase mortgage backed securities.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2578474

5.389%

15-Year Fixed

5.250%

$3,650

Includes 0.650 points for $2,600

Lender Fees: $1,050

$3,216 /mo

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NMLS #2059741

5.510%

15-Year Fixed

5.375%

$3,520

Includes 0.880 points for $3,520

Lender Fees: $0

$3,242 /mo

Next >

NMLS #1025894

5.632%

15-Year Fixed

5.490%

$3,688

Includes 0.747 points for $2,988

Lender Fees: $700

$3,267 /mo

Next >

NMLS #6606

5.767%

15-Year Fixed

5.625%

$3,696

Includes 0.924 points for $3,696

Lender Fees: $0

$3,295 /mo

Next >

NMLS #2578474

6.360%

30-Year Fixed

6.250%

$4,650

Includes 0.900 points for $3,600

Lender Fees: $1,050

$2,463 /mo

Next >

NMLS #2059741

6.548%

30-Year Fixed

6.490%

$2,412

Includes 0.603 points for $2,412

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1025894

6.597%

30-Year Fixed

6.490%

$4,460

Includes 0.940 points for $3,760

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.758%

30-Year Fixed

6.625%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #6606

6.823%

30-Year Fixed

6.740%

$3,392

Includes 0.848 points for $3,392

Lender Fees: $0

$2,592 /mo

Next >

NMLS #401822

7.764%

15-Year Fixed

7.500%

$6,500

Includes 0.625 points for $2,500

Lender Fees: $4,000

$3,709 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

The Fed has purchased $862 billion of the planned $1.25 trillion on mortgage backed securities. Also weighing on the housing market is the expiration of the $8,000 tax credit for first time home buyers. The credit is going to expire at the end of November. Housing analysts believe if the credit is allow to expire, home sales will suffer.

Current Average Mortgage Rates 

The average conforming 30-year mortgage rate is now just above 5.00 percent at 5.08 percent down from the prior week's average mortgage rate of 5.18 percent. Conforming 15-year mortgage rates are averaging 4.50 percent, down from last week's average mortgage rate of 4.71 percent.

Average 30-year jumbo mortgage rates are at 6.00 percent this week, down from the previous week's average rate of 6.03 percent. 15-year jumbo mortgage rates are up to 5.50 percent this week, up from last week's average rate of 5.42 percent.

Shorter term adjustable mortgage rates spiked higher this week over last week. Average conforming one-year adjustable mortgage rates are at 4.53 percent this week, up from last week's average mortgage rate of 4.17 percent. Jumbo one-year adjustable rate mortgages had an even bigger increase, the current jumbo mortgage rate is at 5.02 percent this week, up from the prior week's average loan rate of 4.56 percent.

The average mortgage rate on a conventional 3-year ARM is currently at 4.47 percent, down from last week's average rate of 4.67 percent.  The rate on a jumbo 3-year ARM is currently at 5.45 percent, up from the prior week's average jumbo mortgage rate of 5.15 percent.

5/1 conforming adjustable mortgage rates are averaging 4.25 percent this week, up from last week's average rate of 4.22 percent. The average rate on a jumbo 5/1 mortgage is at 5.15 percent, down from the previous week's average rate of 5.21 percent.

The average conforming 7/1 adjustable mortgage rate is averaging 4.66 percent this week,  down from last week's average mortgage rate of 4.88 percent. Jumbo 7/1 ARMs are averaging 6.10 percent this week, up from the prior week's average mortgage interest rate of 5.75 percent.

Conforming 10-year mortgage rates are averaging 5.05 percent, up slightly from last week's average rate of 5.04 percent. Jumbo 10-year ARMs are averaging 6.26 percent, up from last week's average home loan rate of 6.01 percent.

Home equity line of credit rates are down this week, current home equity line of credit rates are at 4.86 percent, down from the prior week's average HELOC rate of 4.99 percent.

Home equity loans are down this week over last, the average current rate for 15-year home equity loan is at 7.74 percent, down from last week's home equity loan rate average rate of 8.53 percent. 10-year home equity loan rates are down to 7.62 percent, down slightly from the prior week's average rate of 7.63 percent.

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