Mortgage Rates: Current 30 Mortgage Rates Make New Low for 2011

30 year mortgage rates hit a new low for 2011 after declining 13 basis points overnight. Today's mortgage rates declined on a sharp drop in 10 year bond yields which closed yesterday at 2.46%. Current 30 year mortgage rates are averaging 4.33%, a decline from an average rate of 4.46%. 30 mortgage year rates will probably hit 4.25% over the weekend if bond yields continue to drop. Rates will fall even further if the economy falls into another recession.

Search and compare today's mortgage rates and refinance rates from several lenders by searching our rate tables here: Current Mortgage Rates. Unlike most websites no personal information is needed to view rates.

Current mortgage rates on 15 mortgage loans are averaging 3.53%, down from an average 15 year rate of 3.64%. 15 year mortgage rates have also made a new low for 2011. We can expect 15 year rates to break 3.50% this weekend.

30 year jumbo mortgage rates are down to 4.70%, down from an average 30 year jumbo rate of 4.79%.15 year mortgage rates are averaging 4.08%, down from an average rate of 4.16%. Both 30 year and 15 year jumbo rates have also made a new low for 2011.

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

Mortgage Rates

Conforming Adjustable Mortgage Rates Today

1 year adjustable mortgage rates are averaging 3.34%, down from last week’s average 1 year adjustable jumbo mortgage rate of 3.55%.

3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.03%, up from last week’s average 3 year adjustable mortgage rate of 3.01%.

5 year adjustable mortgages are averaging 3.26%, unchanged from the prior week’s average rate.

7 year adjustable mortgage rates are averaging 3.43%, up from the previous week’s average 7 year loan rate of 3.41%.

10 year adjustable mortgage rates are averaging 3.96%, up from last week’s average 10 year adjustable rate of 3.89%.

Adjustable Jumbo Mortgage Rates Today

1 year jumbo adjustable mortgage rates are averaging 4.05%, unchanged from last week’s average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates are averaging higher at 3.47%, up from last week’s average 3 year jumbo adjustable rate of 3.41%.

5 year adjustable jumbo rates today are averaging 3.38%, up from last week’s average jumbo adjustable rate of 3.29%.

Current 7 year jumbo adjustable loan rates are averaging 3.83%, down from last week’s average 7 year adjustable home loan rate of 3.93%.

10 year jumbo loan rates are averaging 4.37%, unchanged from the prior week’s average 10 year jumbo home loan rate. 

Today's Conforming Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage loan rates are averaging 3.15%, up from last week’s average interest only mortgage loan rate of 3.13%.

5 year IO adjustable loan rates are averaging 3.20%, up last week’s average five year interest only mortgage loan rate of 3.15%.

7 year interest only adjustable mortgage loan rates are averaging 3.58%, unchanged from last week’s average 7 year interest-only mortgage interest rate. 

Today's Interest Only Jumbo Mortgage Rates

3 year jumbo interest only adjustable loan rates are averaging 3.98%, an increase from last week’s average jumbo adjustable interest only rate of 3.47%.

5 year adjustable jumbo interest only rates are averaging 3.65%, down from last week’s average IO home mortgage interest rate of 3.67%.

7 year jumbo interest only adjustable rates are averaging 4.04%, up from last week’s average jumbo 7 year home loan rate of 4.01%.

Home Equity Loan Rates Current

10 year home equity loan rates are averaging 6.77%, unchanged from last week’s average home equity loan rate.

15 year home equity rates are averaging 6.82%, unchanged from last week’s average home equity loan rate.

Current HELOC Rates

Home equity line of credit rates are averaging 4.97%, unchanged from last week’s average rate HELOC rate.

 
Author: Brian McKay
August 5th, 2011

Explore Other Mortgage and Refinance Offers