Mortgage Rates: 30 Year Mortgage Rates Averaging 5.03%

30 year mortgage rates are slightly lower again this week over last. The average 30 year mortgage rate is down to 5.03 percent this week. 30 year mortgage rates started increasing at the end March into early April when the Federal Reserve completed their purchases of mortgage-backed securities (MBS). 30 year mortgage interest rates were as high as 5.25 percent during the second week of April but have since drifted slowly back down towards 5.00 percent.

Searching for current mortgage rates and current refinance rates? Search our mortgage rate tables here: MortgageRates.MonitorBankRates.com

There was concern 30 year conforming mortgage rates would go as high as 6.00 percent when the Fed stop supporting the market but private investors have once again stepped in to buy mortgage-backed securities keeping mortgage rates low for now.

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

4.919%

15-Year Fixed

4.750%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$3,112 /mo

Next >

NMLS #2562839

4.942%

15-Year Fixed

4.750%

$5,125

Includes 1.000 points for $4,000

Lender Fees: $1,125

$3,112 /mo

Next >

NMLS #757416

5.226%

15-Year Fixed

5.125%

$2,672

Includes 0.668 points for $2,672

Lender Fees: $0

$3,190 /mo

Next >

NMLS #2059741

5.231%

15-Year Fixed

5.125%

$2,792

Includes 0.698 points for $2,792

Lender Fees: $0

$3,190 /mo

Next >

NMLS #1312186

5.365%

15-Year Fixed

5.250%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,216 /mo

Next >

NMLS #6606

5.382%

15-Year Fixed

5.240%

$3,732

Includes 0.933 points for $3,732

Lender Fees: $0

$3,214 /mo

Next >

NMLS #1025894

5.503%

15-Year Fixed

5.375%

$3,348

Includes 0.662 points for $2,648

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1835285

5.625%

5-Year ARM

5.500%

$5,524

Includes 0.881 points for $3,524

Lender Fees: $2,000

$2,272 /mo

Next >

NMLS #2562839

5.739%

5-Year ARM

5.625%

$4,997

Includes 0.968 points for $3,872

Lender Fees: $1,125

$2,303 /mo

Next >

NMLS #1312186

5.831%

5-Year ARM

5.750%

$3,532

Includes 0.883 points for $3,532

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1835285

5.842%

30-Year Fixed

5.750%

$4,000

Includes 0.500 points for $2,000

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #2562839

5.856%

30-Year Fixed

5.750%

$4,625

Includes 0.875 points for $3,500

Lender Fees: $1,125

$2,335 /mo

Next >

NMLS #757416

5.961%

30-Year Fixed

5.875%

$3,724

Includes 0.931 points for $3,724

Lender Fees: $0

$2,367 /mo

Next >

NMLS #2059741

6.034%

30-Year Fixed

5.990%

$1,876

Includes 0.469 points for $1,876

Lender Fees: $0

$2,396 /mo

Next >

NMLS #1312186

6.093%

30-Year Fixed

6.000%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,399 /mo

Next >

NMLS #1025894

6.200%

30-Year Fixed

6.125%

$3,196

Includes 0.624 points for $2,496

Lender Fees: $700

$2,431 /mo

Next >

NMLS #6606

6.343%

30-Year Fixed

6.250%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$2,463 /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.

Current fixed 15 year mortgage rates were slightly higher this week over last. 15 year mortgage interest rates are currently averaging 4.42 percent, up from the prior week's average 15 year mortgage rate of 4.41 percent. 15 year mortgage rates have also drifted down from a high of 4.55 percent during the second week of April.

Conforming 1 year adjustable mortgage rates plunged 82 basis points this week over last. Current 1 year conforming adjustable mortgage rates are averaging 3.85 percent, down from the prior week's average 1 year adjustable mortgage rate of 4.67 percent.

Mortgage Rates, Current

Current 30 year jumbo mortgage rates are averaging  5.549 percent, up fractionally from the prior week's average jumbo mortgage loan interest rate of 5.545 percent. Current jumbo mortgage refinance rates are also averaging 5.65 percent.

Current 15 year jumbo mortgage interest rates are averaging 5.039 percent, up fractionally from last week’s average jumbo rate of  5.033. 15 year jumbo refinance rates are also averaging 5.039 percent this week.

Current Adjustable Mortgage Rates

1 year conforming adjustable mortgage rates are averaging 3.85 percent, down considerably from last week's average 1 year home loan rate of 4.67 percent. 1 year mortgage refinance rates are also down to 3.85 percent.

Today’s 3 year conforming adjustable mortgage rate is at 4.47 percent, down from an average home mortgage rate of 4.59 percent. 3 year refinance rates are also averaging 4.47 percent.

Current 5 year conforming adjustable mortgage interest rates are averaging 3.68 percent, down from last week’s average home loan rate of 3.82 percent. Today’s 5 year mortgage refinance rates are also down, the average 5 year refi rate is 3.68 percent.

7 year conforming ARMs are currently averaging 4.31 percent,down from an average 7 year loan interest rate of 4.39 percent. 7 year mortgage refinance rates are also averaging 4.31 percent this week.

Current conforming 10 year adjustable mortgage rates are averaging 4.55 percent this week, a decrease from last week’s average mortgage interest rate of 4.67 percent. 10 year home loan refinance rates are also averaging 4.55 percent this week.

Jumbo Adjustable Mortgage Rates, Current

Current 1 year jumbo ARMs are averaging in at 5.95 percent, up from the prior week's average 1 year jumbo rate of 5.59 percent. 1 year jumbo refinance rates are also up to 5.95 percent.

Current 3 year jumbo adjustable loans are averaging 5.14 percent, up from last week's average jumbo home loan rate of 5.13 percent. Today’s 3 year home jumbo refinance rates are also averaging 5.14 percent.

Today’s 5 year jumbo ARMs are averaging 4.51 percent, a decrease from an average mortgage rate of 4.54 percent. Current 5 year jumbo refinance loan rates are averaging 4.51 percent.

7 year jumbo ARMs are averaging 5.48 percent, up from the prior week's average loan mortgage rate of 5.47 percent.7 year jumbo loan refinance rates are also averaging 5.48 percent.

10 year jumbo mortgage interest rates are averaging 5.76 percent, down from the previous week's average 10 year jumbo mortgage rate of 5.98 percent. 10 year jumbo refinance loan rates are also down to 5.76 percent this week.

Today’s Interest Only Mortgage Rates

The average conforming 3 year interest only mortgage rate is averaging 4.69 percent this week, up from last week's average mortgage interest rate of 4.68%.

The average 5 year interest only home loan is at 3.85 percent this week, down from an average five year interest only mortgage rate of 3.88 percent the prior week.

7 year IO home loans are averaging 4.49 percent, down from an average interest rate of 4.50 percent last week.

3 year jumbo IO loans are averaging 5.43 percent this week, a decrease from last week's average jumbo interest mortgage rate of 5.65 percent.

The average 5 year jumbo IO loan rate is at 5.29 percent, up from the prior week's average IO mortgage rate of 5.20 percent.

The average 7 year jumbo IO loan is averaging 5.84 percent this week, down from last week's average jumbo 7 year rate of 6.03 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.125 percent, down from last week's average home equity loan rate of 7.298. 15 year home equity rates are averaging 7.431 percent this week, down from last week's average home equity rate of 7.613 percent.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.806 percent this week, unchanged from last week's average HELOC rate.