Mortgage Rates: Current Mortgage Rates October 27, 2009

Current mortgage rates are mixed this week, 30-year conforming fixed mortgage rates are down and 30-year jumbo mortgage rates are higher this week over last.

Today's conforming fixed 15-year mortgage interest rates are down and 15 year jumbo home mortgage rates are  higher. 10-year Treasury yields are back above 3.50 percent as of Monday morning, contributing to the slight rise in jumbo rate mortgages and shorter term adjustable rate mortgages. Higher Treasury yields will mean higher mortgage interest rates this coming week.

Looking for mortgage interest rates, including jumbo mortgage rates? Use our bank mortgage rate tables to find the best mortgage rates. Best Mortgage Rates

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

4.938%

15-Year Fixed

4.750%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,112 /mo

Next >

NMLS #1283930

License: 01970483

5.445%

15-Year Fixed

5.250%

$5,125

Includes 1.000 points for $4,000

Lender Fees: $1,125

$3,216 /mo

Next >

NMLS #1838

5.455%

15-Year Fixed

5.250%

$5,395

Includes 0.974 points for $3,896

Lender Fees: $1,499

$3,216 /mo

Next >

NMLS #1025894

5.548%

15-Year Fixed

5.375%

$4,512

Includes 0.953 points for $3,812

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1835285

5.887%

30-Year Fixed

5.750%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #401822

6.039%

15-Year Fixed

5.750%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #3030

6.146%

15-Year Fixed

5.990%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,374 /mo

Next >

NMLS #1838

6.231%

30-Year Fixed

6.125%

$4,535

Includes 0.759 points for $3,036

Lender Fees: $1,499

$2,431 /mo

Next >

NMLS #401822

6.289%

30-Year Fixed

6.125%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$2,431 /mo

Next >

NMLS #1283930

License: 01970483

6.347%

30-Year Fixed

6.250%

$4,125

Includes 0.750 points for $3,000

Lender Fees: $1,125

$2,463 /mo

Next >

NMLS #1025894

6.477%

30-Year Fixed

6.375%

$4,284

Includes 0.896 points for $3,584

Lender Fees: $700

$2,496 /mo

Next >

NMLS #1835285

6.637%

5-Year ARM

6.500%

$5,700

Includes 0.925 points for $3,700

Lender Fees: $2,000

$2,529 /mo

Next >

NMLS #3030

6.949%

30-Year Fixed

6.875%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,628 /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.

Low mortgage rates are supporting the housing market. Last week the National Association of Realtors reported existing home sales were up considerably in September. Existing home sales were up 9.4 percent to a seasonally adjusted annual rate of 5.57 million, up from a level of 5.10 million in August.

This morning the Standard & Poor's/Case-Shiller home price index shows home prices in 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5.

Mortgage Rates: Current Mortgage Rates

Current 30 year conforming mortgage rates are at 5.08 percent, down from 5.10 percent the prior week. Conforming 15 year mortgage loan rates are down to 4.50 percent from the previous week's mortgage rate of 4.60 percent.

Jumbo Home Mortgage Rates

Average rates on a 30 year jumbo home mortgage is currently at 5.85 percent, up from last week's average jumbo interest rate of 5.80 percent. 15 year jumbo interest mortgage rates are averaging 5.30 percent this week, up from last week's average mortgage rate of 5.23 percent.

Adjustable Mortgage

Average rates on one year conforming adjustable mortgages are at 4.35 percent, up from last week's average interest rate of 4.32 percent. One year jumbo adjustable mortgage rates are at 5.28 percent, down from last week's average of 5.49 percent.

Conventional 3/1 adjustable mortgages are averaging 4.41 percent, up slightly from last week's rate of 4.40 percent. Jumbo 3/1 ARMs are averaging 5.47 percent, down from the prior week's rate of 5.53 percent.

5/1 conforming adjustable loan rates are averaging 4.15 percent this week, up from last week's rate of 4.05 percent. Jumbo 5/1 home loan rates are averaging 4.94 percent, up from 4.91 percent.

7/1 conventional adjustable mortgage loans are averaging 4.53 percent, up from the prior week's average of 4.52 percent. The average jumbo 7/1 adjustable mortgage interest rate is at 5.66 percent, down from 5.69 percent last week.

The average rate for a 10/1 ARM is currently at 4.95 percent this week, up from last week's average interest rate of 4.83 percent. 10/1 jumbo rates are averaging 6.12 percent, up from 6.07 percent.

Home Equity

Average home equity rates were down this week. The current 10 year equity home loan is at 7.46 percent, down from last week's average home equity rate of 7.65 percent. 15 year home equity rates are averaging 7.59 percent this week, down from the prior week's average equity loan rate of 7.60 percent.

Home Equity Line of Credit

The average home equity line of credit (HELOC) rate is averaging 4.86 percent this week, down slightly from last week's average HELOC rate of 4.87 percent.