Mortgage Rates: 30 Year Mortgage Rates at 4.97%, Rate Curve is Inverted on ARMs

Fixed mortgage rates headed down again in the latest survey. Conforming 30 year mortgage rates are back under 5.00 percent. This week's Primary Mortgage Market Survey has 30 year rates at 4.97 percent, down from the previous week's average mortgage rate of 5.01 percent. Mortgage points averaged 0.7 points.

The average conforming 15 year mortgage rate declined to 4.34 percent for the week ending February 11, 2010, down from the prior week's average mortgage rate of 4.40 percent. Mortgage discount points averaged 0.6 points.

Rate Curve is Inverted on ARMs

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

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The lenders whose rates and other terms appear on this chart are MRC'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 #1025894

5.188%

15-Year Fixed

4.990%

$5,248

Includes 0.812 points for $3,248

Lender Fees: $2,000

$3,162 /mo

Next >

NMLS #1025894

5.967%

30-Year Fixed

5.875%

$3,972

Includes 0.493 points for $1,972

Lender Fees: $2,000

$2,367 /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.

Short term rates have headed higher even though the Fed's "Federal Reserve Exit Strategy" statement released yesterday they said they weren't going to sell any of their security holdings anytime soon. The rate curve is now inverted when you compare the average 5 year ARM and the average 1 year ARM.

5 year U.S. Treasury indexed adjustable mortgage rates are at 4.19 percent this week, down from last week's average home loan rate of 4.27 percent. Mortgage points averaged 0.6 points. The average 1 year U.S. Treasury indexed adjustable mortgage rate is at 4.33 percent, up from the previous week's average interest rate of 4.22 percent.

Looking for mortgage rates? Use our mortgage rate tables to find current mortgage rates  in your state or zip code. Find Current Mortgage Rates.

For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:

Mortgage Rates

The average conforming 30 year mortgage rate is at 5.05 percent this week, up slightly from the prior week’s average home loan interest rate of 5.04 percent.

Conforming 15 year mortgage rates are at 4.40 percent this week, unchanged from last week’s average home loan interest rate.

Jumbo Mortgage Rates

30-year jumbo mortgage rates are averaging 5.74% this week, down from the prior week’s average home loan rate of 5.86%.

15 year jumbo mortgage loans are averaging 5.21% this week, down from the prior week’s average mortgage loan rate of 5.24%.

Adjustable Mortgage Rates

Conforming 1 year adjustable mortgage home loan rates are averaging 4.23% this week, down from the prior week when one year home loans were averaging 4.32%.

Conforming 3 year adjustable mortgage rates are averaging 4.42%, down from last week’s average home loan rate of 4.52%.

Conforming 5 year adjustable mortgage loan rates are averaging 4.14% this week, down from the previous week’s average mortgage rate of 4.20%.

Conforming 7 year adjustable home loan rates are averaging 4.59%, down from last week’s average home loan rate of 4.61%.

Conforming 10-year mortgage rates are at 4.99%, a decrease from the previous week’s average mortgage rate of 5.11%.

Jumbo Adjustable Mortgage Rates

Jumbo 1 year jumbo adjustable mortgage rates are averaging 5.30% this week, down slightly from the prior week’s average home mortgage loan rate.5.31%.

Jumbo 3-year jumbo ARMs are averaging 5.25% this week, down from last week’s average adjustable interest home loan rate of 5.32%.

The average 5 year jumbo ARM is at 4.91% this week, down from the prior week’s average home interest mortgage rate 0f 4.99%.

7 year jumbo ARMs are averaging 5.44% this week, up from last week’s average loan mortgage rate of 5.37%.

The average 10 year jumbo is at 5.92%, down from the prior week’s average 10 year mortgage loan rate of 5.88%.

Conforming Interest Only Mortgage Rates

3 year interest only mortgage rates are averaging 4.59% this week, down from last week’s average interest rate of 4.65%.

5 year interest only loans are averaging 4.31% this week, unchanged from last week’s average five year interest only mortgage rate.

7 year IO home loan rates are averaging 4.75% this week, down from last week’s average interest rate of 4.81%.

Jumbo Interest Only Mortgage Rates

3 year jumbo interest only mortgages are averaging 5.58% this week, up from last week’s jumbo interest mortgage rate of 5.52%.

5 year jumbo IO loan rates are averaging 4.91%, down from the prior week’s average IO mortgage rate of 5.39%.

The average jumbo 7 year IO loan mortgage rate is at 5.85%, up from last week’s average jumbo rate of 5.76%.

Home Equity Loans Rates

The average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.416% this week, down from last week’s average equity home loan rate of 7.418%. 15 year home equity rates were unchanged this week at 7.517%.

Home Equity Line of Credit (HELOC) Rates

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.905% this week, down slightly from last week’s average HELOC rate of 4.906%.

Looking for current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. MortgageInterest Rates