Mortgage Rates Jump Higher: 30 Year Mortgage Rates at 5.16%

Mortgage rates jumped higher this week over last as the Fed wound up its purchase of mortgage-backed securities (MBS) last week. 30 year mortgage rates which have been seesawing above and below 5.00 percent for months now hit a high of 5.16 percent this week. The last time 30 year mortgage rates were that high was on January 11, 2010 when 30 year rates were 5.17 percent.

15 year fixed mortgage rates are also higher this week over last. 15 year mortgage interest rates are averaging 4.47 percent, up from the prior week's average fixed home loan rate of 4.30 percent.

Looking for current mortgage rates and refinance rates? Search our mortgage rate tables here: MortgageRates.MonitorBankRates.com

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 MRC'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 #2126430

4.764%

15-Year Fixed

4.625%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$3,086 /mo

Next >

NMLS #2473786

4.775%

15-Year Fixed

4.625%

$4,015

Includes 0.730 points for $2,920

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #324599

License: 324599

4.812%

15-Year Fixed

4.625%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$3,086 /mo

Next >

NMLS #1025894

4.874%

15-Year Fixed

4.750%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,112 /mo

Next >

NMLS #757416

4.898%

15-Year Fixed

4.750%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1954591

License: 60DBO-113383

4.918%

15-Year Fixed

4.750%

$4,539

Includes 0.858 points for $3,432

Lender Fees: $1,107

$3,112 /mo

Next >

NMLS #613839

4.953%

15-Year Fixed

4.750%

$5,407

Includes 0.880 points for $3,520

Lender Fees: $1,887

$3,112 /mo

Next >

NMLS #2473786

4.972%

5-Year ARM

4.875%

$4,451

Includes 0.839 points for $3,356

Lender Fees: $1,095

$2,117 /mo

Next >

NMLS #1067

4.978%

15-Year Fixed

4.875%

$2,732

Includes 0.683 points for $2,732

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2126430

4.983%

5-Year ARM

4.875%

$4,951

Includes 0.939 points for $3,756

Lender Fees: $1,195

$2,117 /mo

Next >

NMLS #6606

5.260%

15-Year Fixed

5.125%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,190 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.473%

5-Year ARM

5.375%

$4,423

Includes 0.829 points for $3,316

Lender Fees: $1,107

$2,240 /mo

Next >

NMLS #324599

License: 324599

5.483%

5-Year ARM

5.375%

$4,886

Includes 0.954 points for $3,816

Lender Fees: $1,070

$2,240 /mo

Next >

NMLS #2126430

5.583%

30-Year Fixed

5.500%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$2,272 /mo

Next >

NMLS #2473786

5.587%

30-Year Fixed

5.490%

$4,295

Includes 0.800 points for $3,200

Lender Fees: $1,095

$2,269 /mo

Next >

NMLS #324599

License: 324599

5.613%

30-Year Fixed

5.500%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$2,272 /mo

Next >

NMLS #1025894

5.682%

30-Year Fixed

5.625%

$2,508

Includes 0.627 points for $2,508

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1067

5.686%

30-Year Fixed

5.625%

$2,684

Includes 0.671 points for $2,684

Lender Fees: $0

$2,303 /mo

Next >

NMLS #757416

5.696%

30-Year Fixed

5.625%

$3,120

Includes 0.780 points for $3,120

Lender Fees: $0

$2,303 /mo

Next >

NMLS #613839

5.726%

30-Year Fixed

5.625%

$4,447

Includes 0.640 points for $2,560

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.854%

30-Year Fixed

5.750%

$4,619

Includes 0.878 points for $3,512

Lender Fees: $1,107

$2,335 /mo

Next >

NMLS #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

5.970%

30-Year Fixed

5.875%

$4,284

Includes 0.739 points for $2,956

Lender Fees: $1,328

$2,367 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

Current Mortgage Rates

Jumbo Rate Mortgages

30 year jumbo bank mortgage rates are averaging  5.61 percent this week, up from the previous week’s average jumbo home loan rate of 5.59 percent. Jumbo refinance rates were also up this week to 5.61 percent.

The average 15 year jumbo mortgage rate is at 5.05 percent this week, down from last week’s average jumbo rate of  5.07. 15 year jumbo refinance rates were also lower this week. 15 year jumbo refi rates are averaging 5.05.

Conforming Adjustable Mortgage Rates

1 year conforming adjustable mortgage interest rates are averaging 4.63 percent this week, up from last week’s average 1 year home loan rate of 4.48 percent. 1 year mortgage refinance rates are also averaging 4.63 percent.

3 year conforming adjustable home loan mortgage rates are averaging 4.66 percent this week, unchanged from the previous week's average home mortgage rate. 3 year refinance rates are currently averaging 4.66 percent.

5 year conforming adjustable mortgages are averaging 3.98 percent this week, down from last week’s average home loan rate of 4.04 percent. The current average 5 year mortgage refinance rate this week was also down to 3.98 percent.

The average 7 year conforming ARM is at 4.61 percent this week, up from last week’s average mortgage loan interest rate of 4.55 percent. 7 year mortgage refinance rates are also higher at 4.61 percent this week.

10 year adjustable mortgage rates are averaging 4.89 percent this week, an increase from last week’s average mortgage interest rate of 4.86 percent. 10 year home loan refinance rates are also averaging 4.89 percent.

Jumbo Adjustable Mortgage Rates

The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average mortgage interest rate.

The average 3 year jumbo ARM is at 5.15 percent this week, down 20 basis points from the prior week’s average home loan rate of 5.35 percent. 3 year home refinance rates are also down to 5.15 percent this week.

The average 5 year jumbo ARM is at 4.65 percent this week, a decrease from last week’s average mortgage rate of 4.69 percent. Current 5 year refinance loan rates are averaging 4.65 percent.

7 year jumbo ARMs are averaging 5.50 percent this week, up from last week’s average loan mortgage rate of 5.45 percent.7 year loan refinance rates are also averaging 5.50 percent this week.

10 year jumbo mortgage interest rates are averaging 5.91 percent this week, down from last week’s average 10 year rate of 5.97 percent. 10 year jumbo refinance loan rates are also averaging 5.91 percent this week.

Conforming Interest Only Mortgage Rates

The average 3 year interest only mortgage rate is at 4.92% this week, up from the previous week’s average mortgage interest rate of 4.91%.

The average 5 year interest only home loan is at 4.16% this week, a decrease from last week’s average five year interest only mortgage rate of 4.23%.

7 year IO home loans are averaging 4.61% this week, down from last week’s average interest rate of 4.73%.

Interest Only Jumbo Mortgage Rates

3 year jumbo IO loans are averaging 5.63 percent this week, down from last week’s jumbo interest mortgage rate of 5.76 percent.

The average 5 year jumbo IO loan rate is at 5.29 percent, up from the prior week’s average IO mortgage rate of 5.23 percent.

The average 7 year jumbo IO loan is at 5.88 percent, up from the prior week’s average jumbo 7 year rate of 5.85 percent.

Home Equity Loan Rates

The average home equity loan rate is down this week over last. 10 year home equity loan rates are averaging 7.281 percent this week, down from last week’s average equity home loan rate of 7.364. 15 year home equity rates averaged 7.557 percent, down from last week’s average home equity rate of 7.562.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.675 percent this week, down from last week’s average HELOC rate of 4.777 percent.