Mortgage Rates Decrease on Possible Debt Deal

Mortgage rates are lower on hopeful news that Democrats and Republicans are very close on a debt deal. 30 year mortgage rates are back below 4.50% at 4.48%, down from the previous day's average 30 year mortgage rate of 4.55%. 15 year mortgage rates today are also lower on the news. Today's mortgage rates on 15 year loans are averaging 4.66%, down from yesterday's average 15 year rate of 3.72%.

Jumbo mortgage rates on 30 year loans are averaging 4.96%, down from yesterday's average 30 year jumbo rate of 5.01%. Current 15 year jumbo mortgage rates are at 4.24%, down from yesterday's average 15 year jumbo rate of 4.35%.

You can get a list of today's mortgage rates from several lenders by searching our rate tables here: Today's Mortgage Rates. We also offer free mortgage rate widgets you can use on your website to display average rates.

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

Conforming Adjustable Mortgage Rates Today

1 year adjustable mortgage rates are averaging 3.55%, down from last week’s average 1 year adjustable jumbo mortgage rate of 3.66%.

3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.01%, up from last week’s average 3 year adjustable mortgage rate of 2.89%.

5 year adjustable mortgages are averaging 3.26%, down from the prior week’s average rate of 3.39%.

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

10 year adjustable mortgage rates are averaging 3.89%, down from last week’s average 10 year adjustable rate of 3.91%.

Current Adjustable Jumbo Mortgage Rates

1 year jumbo adjustable mortgage rates are averaging 4.05%, up from last week’s average adjustable jumbo mortgage rate of 4.00%.

3 year adjustable jumbo rates are averaging higher at 3.41%, up from last week’s average 3 year jumbo adjustable rate of 3.38%.

5 year adjustable jumbo rates today are averaging 3.29%, a decrease from last week’s average jumbo adjustable rate of 3.42%.

Current 7 year jumbo adjustable loan rates are averaging 3.93%, up from last week’s average 7 year adjustable home loan rate of 3.53%.

10 year jumbo loan rates are averaging 4.37%, down from the prior week’s average 10 year jumbo home loan rate of 4.52%. 

Today's Conventional Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage loan rates are averaging 3.13%, up from last week’s average interest only mortgage loan rate of 3.05%.

5 year IO adjustable loan rates are averaging 3.15%, down last week’s average five year interest only mortgage loan rate of 3.19%.

7 year interest only adjustable mortgage loan rates are averaging 3.51%, down from last week’s average 7 year interest-only mortgage interest rate of 3.53%. 

Interest Only Jumbo Mortgage Rates Currently

3 year jumbo interest only adjustable loan rates are averaging 3.47%, a decline from last week’s average jumbo adjustable interest only rate of 3.93%.

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

7 year jumbo interest only adjustable rates are averaging 4.02%, down from last week’s average jumbo 7 year home loan rate of 4.07%.

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%, down from the prior week’s average home equity loan rate of 6.98%.

HELOC Rates Today

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