Mortgage Interest Rates: Current Mortgage Rates – November 16, 2009

Long term mortgage interest rates are lower this week over last, both conforming mortgage rates and jumbo mortgage rates are lower.

Today's average mortgage rate for a 30 year fixed mortgage is back under 5.00 percent at 4.95 percent. 10-year U.S. Treasury yields also headed lower last week and as of Friday yields are back under 3.50 percent at 3.42.

Looking for Today’s Mortgage Rates? Current Mortgage Rates can be found in your state by using our Mortgage Rate Tables: 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 #1067

5.514%

15-Year Fixed

5.375%

$3,624

Includes 0.906 points for $3,624

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 #2578474

5.551%

15-Year Fixed

5.375%

$4,606

Includes 0.889 points for $3,556

Lender Fees: $1,050

$3,242 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.556%

15-Year Fixed

5.375%

$4,909

Includes 0.739 points for $2,956

Lender Fees: $1,953

$3,242 /mo

Next >

NMLS #757416

5.592%

15-Year Fixed

5.490%

$2,652

Includes 0.663 points for $2,652

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1025894

5.627%

15-Year Fixed

5.490%

$3,572

Includes 0.718 points for $2,872

Lender Fees: $700

$3,267 /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 #757416

6.437%

30-Year Fixed

6.375%

$2,596

Includes 0.649 points for $2,596

Lender Fees: $0

$2,496 /mo

Next >

NMLS #1067

6.451%

30-Year Fixed

6.375%

$3,208

Includes 0.802 points for $3,208

Lender Fees: $0

$2,496 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.501%

5-Year ARM

6.375%

$5,501

Includes 0.887 points for $3,548

Lender Fees: $1,953

$2,496 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.511%

30-Year Fixed

6.375%

$5,897

Includes 0.986 points for $3,944

Lender Fees: $1,953

$2,496 /mo

Next >

NMLS #1025894

6.569%

30-Year Fixed

6.490%

$3,296

Includes 0.649 points for $2,596

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.620%

30-Year Fixed

6.500%

$4,995

Includes 0.750 points for $3,000

Lender Fees: $1,995

$2,529 /mo

Next >

NMLS #3030

6.764%

15-Year Fixed

6.625%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,512 /mo

Next >

NMLS #3030

7.350%

30-Year Fixed

7.250%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,729 /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 National Association of Realtors (NAR) released an optimistic housing report for 2010.  The NAR expects existing home sales to rise 13.6 percent in 2010 and home prices to rise 3 to 5 percent in 2010. The NAR is expecting 30 year mortgage rates to hit 5.8 percent by the end of 2010. Read more here.

Current Mortgage Rates

Conforming Fixed Rate Mortgages

• 30 year mortgage rates declined to 4.95 percent this week, down from the prior week’s average home loan rate of 5.02 percent.
• 15 year mortgage interest rates are down to 4.39 percent this week, down from last week’s average mortgage rate of 4.45 percent.

Jumbo Rate Mortgages

• The average 30 year jumbo mortgage rate is at 5.70 percent this week, down from the previous week's mortgage rate of 5.78 percent.
• The average 15 year jumbo rate mortgage is at 5.23 percent this week, down from the prior week’s interest rate of 5.29 percent.

Adjustable Mortgage Rates - Conforming

• One year adjustable mortgage rates are averaging at 4.44 percent this week, up from last week’s when one year home loans averaged 4.37 percent.
• Three year adjustable mortgage interest rates are averaging 4.31 percent, down from last week’s average loan interest rate of 4.36 percent.
• Five year mortgage rates remain unchanged this week at 4.12 percent.
• Seven year adjustable home loans are up this week to 4.54 percent, up from last week's average loan rate of 4.50 percent.
• Current rates for ten year ARMs are averaging 4.97 percent, up from the previous week’s average home finance rate of 4.88 percent.

Adjustable Mortgage Rates - Jumbo

• Today's one year jumbo adjustable rate mortgages are averaging 5.25 percent this week, down from the prior week’s average mortgage finance rate of 5.35 percent.
• Three year jumbo ARMs are at 5.42 percent this week, down from last week’s adjustable rate of 5.47 percent.
• The average five year jumbo ARM  is at 4.92 percent this week, up from the prior week's average rate on a five year jumbo mortgage 0f 4.90 percent.
• Seven year jumbo ARMs are averaging 5.56 percent., up from the previous week’s average adjustable rate of 5.71 percent.
• 10 year jumbo ARMs are averaging 5.93 percent, down from last week's average mortgage rate of 6.07 percent.

Interest Only Mortgage Rates - Conventional

• Average three year interest only mortgage rates are averaging 4.39 percent this week, unchanged from last week's interest rate.
• Five year interest only loans are averaging 4.22 percent, up from last week when five year interest only mortgages averaged 4.10 percent.
• Seven year IO mortgages are averaging 4.70 percent this week, up from last week's average of 4.66 percent.

Interest Only Mortgage Rates - Jumbo

• Three year jumbo interest only mortgages are averaging 5.66 percent this week, down from last week's jumbo mortgage average rate of 5.74 percent.
• Five year jumbo IO home loans are averaging 5.34 percent, down from last week's average IO mortgage rate of 5.38 percent.
• The average jumbo seven year IO mortgage is at 5.98 percent, down from last week's average jumbo rate of 6.24 percent.

Home Equity loan

• The average home equity loan rate was up slightly this week over last week. 10 year home equity loan rates increased to 7.498 percent this week, up from last week’s average equity home loan rate of 7.480%. 15 year home equity rates increased to 7.630%, up from the prior week’s average equity loan rate of 7.611%.

Home Equity Line of Credit (HELOC)

• Average home equity line of credit rates were are up slightly this week. The average HELOC rate this week is 4.901%, up from last week’s average HELOC rate of 4.893.

Looking for mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Bank Mortgage Rate Tables