Mortgage Rates: 30 Year Mortgage Rates Decline to 4.90%

Mortgage rates declined again this week over last. 30 year mortgage rates are now averaging 4.90 percent, the lowest point 30 year mortgage rates have been in 2010. This is the fourth consecutive week 30 year mortgage rates have gone down. Just over a month ago 30 year mortgage rates were averaging 5.17 percent.

Searching for current mortgage rates and current refinance rates? Search our mortgage rate tables at MortgageRates.MonitorBankRates.com to find the best mortgage rates and refinance rates.

10 year U.S. Treasury yields started the week above 3.50 percent but yields ended the week just below 3.50 percent at 3.44 percent. The decrease in yields drove mortgage rates lower.  The European Union is still dealing with the fallout of the Greek government debt crisis, as a result the euro hit a 4 year low against the dollar.

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 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 #2473786

4.894%

15-Year Fixed

4.750%

$3,839

Includes 0.686 points for $2,744

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #757416

5.005%

15-Year Fixed

4.875%

$3,436

Includes 0.859 points for $3,436

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2473786

5.104%

5-Year ARM

5.000%

$4,755

Includes 0.915 points for $3,660

Lender Fees: $1,095

$2,148 /mo

Next >

NMLS #1928741

5.106%

15-Year Fixed

4.990%

$3,052

Includes 0.763 points for $3,052

Lender Fees: $0

$3,162 /mo

Next >

NMLS #6606

5.398%

15-Year Fixed

5.250%

$3,884

Includes 0.971 points for $3,884

Lender Fees: $0

$3,216 /mo

Next >

NMLS #2473786

5.719%

30-Year Fixed

5.625%

$4,127

Includes 0.758 points for $3,032

Lender Fees: $1,095

$2,303 /mo

Next >

NMLS #757416

5.828%

30-Year Fixed

5.750%

$3,404

Includes 0.851 points for $3,404

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1928741

5.923%

30-Year Fixed

5.875%

$2,092

Includes 0.523 points for $2,092

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

6.086%

30-Year Fixed

6.000%

$3,831

Includes 0.626 points for $2,504

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #6606

6.091%

30-Year Fixed

6.000%

$3,904

Includes 0.976 points for $3,904

Lender Fees: $0

$2,399 /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.

15 year mortgage rates were also lower this week over last. Current 15 year mortgage rates are averaging 4.33 percent, a slight decline from last week's average 15 year mortgage rate of 4.35 percent.

Today's Mortgage Rates

Today's 30 year jumbo mortgage rates are averaging  5.54 percent this week, an increase from the previous week’s average jumbo mortgage interest rate of 5.52 percent. Today’s 30 year jumbo refinance rates are also averaging 5.54 percent.

Current 15 year jumbo mortgage rates are averaging 4.88 percent, a decline from the previous week’s average jumbo loan rate of 4.95 percent. Current 15 year jumbo mortgage refinance rates are also lower this week averaging 4.88 percent.

Current Conforming Adjustable Mortgage Rates

Current 1 year conforming adjustable mortgage rates are averaging 3.85 percent, unchanged from last week’s average 1 year adjustable mortgage rate. 1 year adjustable refinance rates are also averaging 3.85 percent this week.

Today's average 3 year conforming adjustable mortgage rates are at 4.35 percent, down from the prior week’s average home loan mortgage rate of 4.54 percent. Current 3 year mortgage refinance rates are also averaging 4.35 percent.

Current 5 year conventional adjustable mortgage rates are averaging 3.95 percent, a big increase from last week’s average loan rate of 3.67 percent. Current 5 year mortgage refinance rates are also averaging 3.95 percent this week.

7 year conforming adjustable mortgage loan rates are averaging 4.14 percent this week, a decrease from an average 7 year interest rate of 4.16 percent. Currently, 7 year refinance mortgage loan rates are also averaging 4.14 percent.

Today's conforming 10 year adjustable loan rates are averaging 4.51 percent, down slightly from the previous week’s average mortgage interest rate of 4.52 percent. 10 year home loan refinance rates are currently averaging 4.51 percent.

Jumbo Adjustable Mortgage Rates Today

1 year jumbo adjustable mortgage rates are averaging in at 5.95 percent today, unchanged from the previous week’s average 1 year jumbo adjustable loan rate of 5.95 percent. Current 1 year jumbo refinance rates are also averaging 5.95 percent this week.

Today's 3 year jumbo adjustable rate loans are averaging 5.11 percent, up from last week’s average jumbo home loan rate of 5.10 percent. Current 3 year home jumbo refinance rates are also averaging 5.11 percent.

Current 5 year jumbo ARMs are averaging 4.50 percent, up from an average mortgage rate of 4.46 percent. Current 5 year jumbo refinance loan rates are averaging 4.50 percent.

The current average 7 year jumbo ARM is at 5.32 percent, an increase from last week’s average loan mortgage rate of 5.26 percent. Current 7 year jumbo refinance rates are also averaging 5.32 percent this week.

Currently, 10 year jumbo mortgage interest rates are at 5.80 percent, up from the previous week’s average 10 year jumbo mortgage rate of 5.72 percent. 10 year jumbo loan refinance rates are also up to 5.80 percent this week.

Current Mortgage Rates Interest Only

Current conforming 3 year interest only mortgage rates are averaging 4.57 percent this week, up from last week’s average mortgage interest rate of 4.78 percent.

Today's 5 year interest only home loans are averaging 3.83 percent this week, down from last week’s average five year interest only mortgage rate of 3.85 percent.

7 year IO home loans are averaging 4.29 percent, down from an average interest rate of 4.34 percent last week.

Current Jumbo Interest Only Mortgage Rates

3 year jumbo IO loans are averaging 5.49 percent this week, an increase from last week’s average jumbo interest mortgage rate of 5.43 percent.

Today’s average 5 year jumbo IO loan rate is at 5.17 percent, up from the prior week’s average IO mortgage rate of 5.14 percent.

The average 7 year jumbo IO loan is averaging 5.73 percent this week, up from last week’s average jumbo 7 year rate of 5.65 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.297 percent, unchanged  from last week’s average home equity loan rate.

15 year home equity rates are averaging 7.418 percent this week, unchanged from last week’s average home equity rate of 7.418 percent.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are averaging 4.664 percent this week, down from last week’s average HELOC rate of 4.777.