Mortgage Rates 9-7: Current Mortgage Rates on 30 Year Mortgages at 4.09%

Today's Mortgage Rates

Mortgage rates on 30 year mortgage loans just hit an all-time low on our average mortgage rates table. Current mortgage rates on 30 year loans are averaging 4.09%. This rate breaks the old all time low record of 4.13% on our index. We will probably see rates bounce a little higher from this level since 10 year Treasury yields increased yesterday.

Search and compare mortgage rates today by using our mortgage rate tables here: Mortgage Rates. Unlike most websites, no personal information is needed to view a list of mortgage rates.

Fixed conforming mortgage rates currently on 15 year mortgages are averaging 3.35%, down from yesterday's average 15 year mortgage rate of 3.39%. Yesterday we said average 15 year mortgage rates will probably hit 3.20% sometime this week, we are adjusting that prediction a little higher to 3.30%.

Today's jumbo mortgage rates are higher. Jumbo mortgage rates on 30 year jumbo loans are averaging 4.61%, an increase from yesterday's average 30 year jumbo mortgage rate of 4.54%. 15 year jumbo mortgage rates currently are averaging 3.88%, up from yesterday's average 15 year jumbo mortgage rate of 3.83%.

Following is a more in-depth mortgage rate report released by MonitorBankRates.com this past Tuesday:

Conventional Adjustable Mortgage Rates

1 year adjustable mortgage rates today are averaging 3.63%, down from last week’s average 1 year adjustable jumbo mortgage rate of 3.68%.

Current 3 year adjustable mortgage rates today are averaging 3.11%, down from last week’s average 3 year adjustable mortgage rate of 3.14%.

5 year adjustable mortgage rates are averaging 3.03%, down from the prior week’s average 5 year adjustable rate of 3.05%.

Today’s 7 year adjustable mortgage rates are averaging 3.16%, down from the previous week’s average 7 year adjustable mortgage rate of 3.19%.

10 year adjustable mortgage rates currently are averaging 3.58%, down from last week’s average 10 year adjustable rate of 3.67%.

Today's Adjustable Jumbo Mortgage Rates

Current 1 year jumbo adjustable mortgage rates are averaging 3.46%, down from last week’s average adjustable jumbo mortgage rate of 3.51%.

3 year adjustable jumbo rates today are averaging lower at 3.36%, down from last week’s average 3 year jumbo adjustable rate of 3.46%.

5 year adjustable jumbo mortgage rates current are averaging 3.17%, down from last week’s average jumbo adjustable rate of 3.25%.

7 year jumbo adjustable mortgage loan rates are averaging 3.49%, down from last week’s average 7 year adjustable home loan rate of 3.58%.

10 year jumbo loan rates are averaging 4.03%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.10%.

Conventional Interest Only Adjustable Mortgage Rates Today

3 year interest only adjustable mortgage loan rates are averaging 3.21%, down from last week’s average interest only mortgage loan rate of 3.39%.

5 year IO adjustable loan mortgage rates are averaging 3.09%, down from last week’s average five year interest only mortgage rate of 3.14%.

7 year interest only adjustable mortgage loan rates are averaging 3.20%, down from last week’s average 7 year interest-only mortgage interest rate of 3.32%.

Interest Only Jumbo Mortgage Rates - Current

Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.64%, down from last week’s average jumbo adjustable interest only rate of 3.72%.

Current 5 year adjustable jumbo interest only rates are averaging 3.30%, down from last week’s average IO home mortgage interest rate of 3.51%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.71%, down from last week’s average jumbo 7 year home mortgage loan rate of 3.78%.

Today's Home Equity Loan Rates

10 year home equity loan rates are averaging 6.72%, up from last week’s average home equity loan rate of 6.88%.

15 year home equity rates are averaging 6.67%, up from last week’s average home equity loan rate of 6.66%.

Current Home Equity Line of Credit Rates

Home equity line of credit rates are averaging 5.03%, down from last week’s average rate HELOC rate of 5.04%.

 
Author: Brian McKay
September 7th, 2011