Current Mortgage Rates above 5.00% for 30 Year Mortgages

Mortgage rates are lower this week compared to last week but conforming 30 year mortgage rates are back above 5.00%. Despite the Federal Reserve's announcement that it was going to gradually slow down the pace of buying mortgage-backed securities, mortgage rates have been slowly drifting down the past several weeks.

Under the original program to help the housing market by lowering mortgage rates, the Fed announced it will buy $1.25 trillion in mortgage-backed securities. The Fed expects to complete the final purchases sometime in the first quarter of 2010. Mortgage rates are expected to go up once the Fed stops buying these securities.

Looking for today's mortgage rates? Find the best mortgage rates by using our mortgage rate tables Find the Best Mortgage Rates

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 #1835285

5.383%

15-Year Fixed

5.250%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,216 /mo

Next >

NMLS #757416

5.496%

15-Year Fixed

5.375%

$3,164

Includes 0.791 points for $3,164

Lender Fees: $0

$3,242 /mo

Next >

NMLS #401822

5.516%

15-Year Fixed

5.250%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1025894

5.542%

15-Year Fixed

5.375%

$4,380

Includes 0.920 points for $3,680

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1835285

6.321%

30-Year Fixed

6.250%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,463 /mo

Next >

NMLS #757416

6.458%

30-Year Fixed

6.375%

$3,484

Includes 0.871 points for $3,484

Lender Fees: $0

$2,496 /mo

Next >

NMLS #1025894

6.485%

30-Year Fixed

6.375%

$4,608

Includes 0.977 points for $3,908

Lender Fees: $700

$2,496 /mo

Next >

NMLS #1835285

6.583%

5-Year ARM

6.500%

$3,444

Includes 0.861 points for $3,444

Lender Fees: $0

$2,529 /mo

Next >

NMLS #399799

6.603%

30-Year Fixed

6.500%

$4,444

Includes 0.779 points for $3,116

Lender Fees: $1,328

$2,529 /mo

Next >

NMLS #401822

6.632%

30-Year Fixed

6.500%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,529 /mo

Next >

NMLS #3030

6.784%

15-Year Fixed

6.625%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,512 /mo

Next >

NMLS #3030

7.476%

30-Year Fixed

7.375%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,763 /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.

Mortgage Rates Current

• The average mortgage rate for a 30 year conforming mortgage is at 5.01% this week, down from last week's average rate of 5.02%. For most of last week, 30 year rates were just under 5.00% in the 4.95 percent range.
• 15 year mortgage interest rates were also lower this week, back under 4.50%. Current rates are at 4.46%, down from the previous week's rate of 4.50%.  In mid-June of 2009, average 15 year mortgage rates were over 5.00 percent at 5.20 percent.

Jumbo Mortgage Rates

• 30-year jumbo mortgage rates were down slightly this week over last.  Current jumbo mortgage rates are at 5.83%, down from last week's average rate of 5.84%.
• Average 15 year jumbo rate mortgages are at 5.44% this week, down from the previous week's rate of 5.50 percent.

Today's Adjustable Mortgage Rates

• Conforming one year adjustable mortgages are at 4.25% this week, up from the prior week's average rate of 4.14%.
• Average one year jumbo adjustable rate mortgages were down considerably this week, current jumbo rates are at 5.52%, down from last week's average rate of 5.75%.
• Average rates for a conforming 3/1 ARM are at 4.41% this week, up from the previous week's average rate of 4.34%.
• Rates on jumbo 3/1 ARMs are at 5.31% this week, down from 5.93% the prior week.
• 5/1 conventional ARMs are back above 4.00% at 4.14%, up from last week's average rate of 3.88%.
• Jumbo 5.1 ARMs are averaging 4.84%, down from the prior week's average rate of 4.93%.
• Average rates on conventional 7/1 ARMs are at 4.56%, up from the previous week's average rate of 4.46%
• Jumbo rates on 7/1 ARMs are at 5.70%, up from last week's average jumbo rate of 5.59%
• 10 year conforming ARMs are averaging 4.87% this week, up from 4.73% the prior week.
• Jumbo 10 year mortgages (ARMs) are averaging 5.99%, down slightly from 6.00% last week.

Interest Only Adjustable Mortgage Rates

• Conforming 3/1 interest only adjustable mortgage rates are at 4.51%, up from last week's rate of 4.43%.
• Jumbo 3/1 IO ARM rates are at 5.56%, down from the prior week's average rate of 5.92%
• Conforming 5/1 IO ARM rates are at 4.21%, up from the previous week's rate of 4.09%
• Jumbo 5/1 IO ARM rates currently at 5.23%, down from 5.47% the prior week.
• Conforming 7/1 IO ARM rates are at 4.75%, up from 4.64% last week.
• Jumbo 7/1 IO ARMs are averaging 6.22%, up from 6.05%

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.47% this week, down from last week's average home equity loan rate of 7.65%. 15 year home equity loan rates are at 7.60%, down from the prior week's home equity rate of 8.42%

Home Equity Line of Credit Rates

Home equity line of credit (HELOC) rates are back under 5.00% this week and still considerably lower than home equity loan rates. Current HELOC rates are averaging 4.86% this week, down from the previous week's average HELOC rate of 5.10%.