Home Loan Rates and Loan Refinance Rates: 30 Year Rates at 4.88%

National average fixed long term mortgage loan rates and refinance loan rates are lower this week except for 30 year conforming rates. Current 30 year conforming mortgage loan rates and refinance loan rates are averaging 4.88 percent, up from last week’s average 30 year home loan rate and refi rate of 4.77 percent. 30 year mortgage interest rates and refinance interest rates in California are higher than the national average 30 year rate. 30 year CA refinance rates and mortgage interest rates are averaging 4.97 percent.

15 year conforming refinance rates and mortgage interest rates are averaging 4.12 percent, down from the prior week’s average 15 year mortgage loan rate and refinance loan rate of 4.17 percent. 15 year rates in New Jersey are higher than the national average. 15 year NJ rates are averaging 4.17 percent.

30 year jumbo mortgage interest rates and 30 year jumbo refi rates are averaging 5.33 percent, a decline from last week’s  average jumbo rate and jumbo refi rate of 5.35 percent. 30 year jumbo rates in CA are higher averaging 5.50 percent.

Current 15 year jumbo home rates and jumbo refinance interest rates are averaging at 4.76 percent, down from the prior week’s average jumbo mortgage loan rate of 4.58 percent. Current 15 year jumbo mortgage loan rates and mortgage refi rates in TX are higher averaging 4.81 percent.

Mortgage Loan Rates & Refi Rates

Conforming Adjustable Loan Rates and Conforming Adjustable Refinance Loan Rates

1 year adjustable rates - Current refinancing rates and mortgage interest rates are averaging 3.05 percent, down from last week’s average 1 year adjustable home mortgage refi interest rate and loan rate of 3.11 percent.

3 year adjustable  rates and adjustable refinancing rates are averaging 3.47 percent, up from last week’s average 3 year adjustable mortgage loan rate of 3.30 percent.

5 year adjustable mortgage loan rates today are averaging 3.50 percent, down from the prior week’s average rate of 3.64 percent. Current refi rates are also down to 3.50 percent.

7 year adjustable mortgage loan interest rates are averaging 4.01 percent, up from the previous week’s average 7 year loan rate of 3.84 percent. Current refinance loan rates are also higher, averaging 4.01 percent.

10 year adjustable mortgage loan rates today are averaging 4.47 percent this week, up from last week’s average 10 year adjustable rate of 4.39 percent. Refinance interest rates for 10 year home loans are also averaging 4.47 percent.

Adjustable Jumbo Refinance Interest Rates and Jumbo Mortgage Interest Rates

1 year jumbo adjustable loan rates are averaging 3.39 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan mortgage interest rate. Today's jumbo adjustable refinance interest rates are also  unchanged at 3.39 percent.

3 year adjustable jumbo rates are higher averaging 4.26 percent, down from last week’s average 3 year jumbo adjustable rate of 4.31 percent. Today’s refi rates on 3 year jumbo adjustable mortgage loans are also lower averaging 4.26 percent.

5 year adjustable jumbo interest rates today are averaging 3.93 percent, down from last week’s average jumbo adjustable rate of 3.85 percent. Current refinance loan rates on 5 year jumbo home loans are also averaging 3.93 percent.

7 year jumbo adjustable loan rates today are averaging 4.56 percent, down from last week’s average 7 year adjustable home loan rate of 4.62 percent. 7 year jumbo refinance loan rates are also lower at 4.56  percent.

Today's 10 year jumbo loan rates are averaging 5.24 percent, up from the prior week’s average 10 year jumbo home loan rate of 5.23 percent. 10 year jumbo refinance interest rates are also higher averaging 5.24 percent.

Conforming Interest Only Adjustable Refi Rates and Interest Only Adjustable Mortgage Loan Rates

3 year interest only adjustable mortgage loan rates are averaging 3.47 percent, down from last week’s average interest only mortgage loan rate of 3.53 percent. 3 year interest only adjustable refinance loan rates are also lower averaging 3.47 percent.

5 year interest only adjustable loan rates are averaging 3.68 percent, up from last week’s average five year interest only mortgage loan rate of 3.59 percent. Today 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.68 percent.

7 year interest only adjustable mortgage loan rates are averaging 4.18 percent, up from last week’s average 7 year interest-only mortgage interest rate of 4.03 percent. 7 year adjustable refi loan rates are averaging 4.18 percent.

Interest Only Adjustable Jumbo Refi Rates and Jumbo Interest Only Mortgage Loan Rates

3 year jumbo interest only adjustable loan rates are averaging 5.01 percent, up from last week’s average jumbo adjustable interest only rate of 4.83 percent. 3 year interest only adjustable jumbo refi rates are also higher averaging 5.01 percent.

5 year adjustable jumbo loan interest only rates are averaging 4.40  percent, up from last week’s average IO home mortgage interest rate of 4.38 percent. 5 year jumbo adjustable IO loan rates are also averaging higher at 4.40 percent.

7 year jumbo interest only adjustable rates are averaging 4.83 percent, up from an average jumbo 7 year home loan rate of 4.82 percent. Current 7 year jumbo adjustable interest-only rates are also averaging 4.83 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 6.714 percent, up from last week’s average home equity rate of 6.705 percent.

15 year home equity rates are averaging 7.093 percent, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates

Home equity line of credit rates are averaging 5.15 percent, unchanged from last week’s average HELOC rate.

Author: Brian McKay
January 3rd, 2011

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