Mortgage Rates Higher as Treasury Yields Move Higher: 30 Year Mortgage Rates at 4.96%

Mortgage rates are higher this week over last, following U.S.  Treasury yields higher. Current 30 year mortgage rates are averaging 4.96 percent, an increase from the prior week's average mortgage rate of 4.81 percent. Mortgage rates will probably go down this week since the markets are still worried about the financial problems in Europe and the euro continues to slide in value against the dollar. As a result, Treasury yields should head back down as investors flee to the safety of Treasuries.

The New York Times reported Private Mortgage Insurance (PMI) is easier to obtain these days. Some mortgage insurance companies are once again allowing down payments of only 5.00%. Until recently, the only option for home buyers looking to buy a home with less than 20 percent down was an FHA loan.

Looking for mortgage rates and refinance rates? Use our mortgage rates table at MortgageRates.MonitorBankRates.com to find a list of current mortgage rates and refinance rates in your state. Unlike most websites, no personal information is needed for a list of 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 #1981224

4.924%

15-Year Fixed

4.625%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,086 /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 #1981224

5.921%

30-Year Fixed

5.750%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$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 #1981224

6.533%

5-Year ARM

6.375%

$6,740

Includes 0.915 points for $3,660

Lender Fees: $3,080

$2,496 /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.

15 year mortgage rates declined slightly this week. Current 15 year mortgage rates are averaging 4.27 percent, down from last week’s average 15 year mortgage rate of 4.28 percent.

Current Jumbo Mortgage Rates

Current 30 year jumbo mortgage rates are averaging 5.51 percent, an increase from last week’s average jumbo mortgage interest rate of 5.38 percent. Today's 30 year jumbo mortgage refinance rates are also higher this week over last. Current 30 year jumbo refinance rates are averaging 5.51 percent.

Today's 15 year jumbo mortgage rates are averaging 4.90 percent, up 10 basis points from last week’s average jumbo loan rate of 4.80 percent. Current 15 year jumbo mortgage refinance rates are also higher this week over last. 15 year jumbo refinance rates are averaging 4.90 percent.

Current Adjustable Mortgage Rates

Today's 1 year conforming adjustable mortgage rates are averaging 3.78 percent, a decrease from the previous week’s average 1 year adjustable mortgage rate of 3.82 percent. Current 1 year adjustable mortgage refinance rates are down to 3.78 percent this week.

Current 3 year conforming adjustable rate mortgages are averaging 4.50 percent, an increase from the prior week's average home mortgage rate of 4.35 percent. Current 3 year refinance mortgage rates are averaging 4.50 percent.

5 year conforming adjustable rate mortgages are averaging 4.07 percent, up from last week’s average loan mortgage rate of 3.95 percent. Today's 5 year refinance mortgage rates are also up this week over last. The current average refinance rate is 4.07 percent.

7 year conforming adjustable mortgage rates are averaging 4.24 percent this week, up from last week’s average 7 year mortgage rate of 4.13 percent. Current 7 year refinance rates were also up this week to 4.24 percent.

10 year conforming adjustable mortgage rates are averaging 4.45 percent, a decrease from the previous week’s average 10 year mortgage rate of 4.49 percent. Today's 10 year home loan refinance rates are averaging 4.45 percent.

Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable interest rates are averaging 5.95 percent this week. This is unchanged from the prior week's average 1 year jumbo adjustable mortgage rate. Current 1 year jumbo refinance mortgage rates are also averaging 5.95 percent.

3 year jumbo adjustable rate mortgages are averaging 4.80 percent, a decrease from last week’s average jumbo home loan mortgage rate of 5.05 percent. Current 3 year home jumbo mortgage refinance rates are also down this week, averaging 4.80 percent.

5 year jumbo adjustable mortgage rates are averaging 4.45 percent, up from an average mortgage rate of 4.40 percent last week.  5 year jumbo refinance loan rates are averaging 4.45 percent.

Current 7 year jumbo adjustable rates are averaging 5.26 percent this week, an increase from last week’s average loan mortgage rate of 5.14 percent. Current 7 year jumbo refinance rates are also up to 5.26 percent this week.

10 year jumbo mortgage interest rates are averaging 5.67 percent this week, an increase from last week’s average 10 year jumbo mortgage interest rate of 5.56 percent. 10 year jumbo loan refinance rates increased this week to 5.67 percent.

Interest Only Mortgage Rates

Conventional 3 year interest only mortgage rates are averaging 4.63 percent this week, up from the prior week’s average IO mortgage rate of 4.52 percent.

5 year conventional interest only home loans are averaging 4.05 percent this week, up from the previous week’s average five year interest only mortgage rate of 3.75 percent.

7 year IO home loans are averaging 4.41 percent, an increase from last week's average interest only mortgage rate of 4.25 percent.

Jumbo Interest Only Mortgage Rates

3 year jumbo interest only mortgage rates are averaging 5.35 percent this week, a decrease from an average jumbo interest mortgage rate of 5.47 percent last week.

5 year jumbo IO loan rates are averaging 5.03 percent, down from last week’s average IO mortgage rate of 5.06 percent.

7 year jumbo IO loans are averaging 5.79 percent this week, an increase from last week’s average jumbo 7 year rate of 5.53 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 7.255 percent, a decrease from last week’s average home equity loan rate of 7.293 percent.

15 year home equity rates are averaging 7.416 percent this week, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates (HELOC)

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