Current Mortgage Rates September 18, 2009

current-mortgage-rates-todays-average-mortgage-rates Current mortgage rates are lower as 10-year U.S. Treasury yields slip below 3.40 percent. Both conforming mortgage rates and jumbo mortgage rates are lower. Current 30-year mortgage rates are at 5.11 percent, down from 5.23 percent set earlier this week. 15-year mortgage rates are down to 4.57 percent, down from 4.75 percent on Monday.

Current Adjustable Mortgage Rates

Average shorter term adjustable rate mortgages are also down. Conforming one-year adjustable mortgage rates are at 4.34 percent, down from 4.48 percent set on Monday. 3-year conforming adjustable rate mortgages are down to 4.46 percent, down from Monday's rate of 4.65 percent.

Loan Type

State

FICO Score

Loan Amount

Points

LTV

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

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Lender

APR / Rate

Fees / Points

Payment

NMLS #1025894

5.078%

15-Year Fixed

4.875%

$5,404

Includes 0.851 points for $3,404

Lender Fees: $2,000

$3,138 /mo

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NMLS #1025894

5.760%

30-Year Fixed

5.625%

$5,924

Includes 0.981 points for $3,924

Lender Fees: $2,000

$2,303 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

Average conventional 5-year adjustable rate mortgages are up to 4.30 percent, up from Monday's average mortgage rate of 4.26 percent. 5-year jumbo ARMs are averaging 5.16 percent, down from Monday's average rate of 5.22 percent.

Current mortgage rates for a conforming 7-year ARM is at 4.65 percent, down from 4.87 percent set earlier this week. The average jumbo 7/1 mortgage rate is currently at 5.89 percent, up from Monday's rate of 5.84 percent.

Conforming 10-year mortgage rates are averaging 5.11 percent, unchanged from Monday's average 10-year mortgage rate. The average jumbo 10/1 adjustable rate mortgage is at 6.08 percent, up from Monday's average rate of 6.06 percent.

Author: Brian McKay

September 18th, 2009

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