Mortgage Rates Make Fresh Lows: 30 Year Mortgage Rates at 4.57%, 15 Year Mortgage Rates at 4.07%

Mortgage rates hit fresh lows this past week with the exception of 15 year mortgage rates. 30 year mortgage rates and 5 year adjustable mortgage rates have all hit all time lows in Freddie Mac’s Primary Mortgage Market Survey released yesterday. 30 year fixed conforming mortgage rates down to 4.57 percent for the week ending July 8, 2010, a slight decline from the previous week’s average 30 year mortgage rate of 4.58 percent. Average mortgage discount points on 30 year mortgages remained unchanged at 0.7 points.

Find the best mortgage rates and refinance mortgage rates today by searching our mortgage rates table at MortgageRates.MonitorBankRates.com. Unlike most websites, no personal information is needed to display a current list of mortgage rates in your state.

30 year mortgage rates have been going lower for over a month now following bond yields lower. 10 year U.S. Treasury yields broke 3.00 percent on June 29 and hitting a recent low of 2.92 percent on the weak employment report for June. Bond yields did head higher after The Labor Department released a report on Thursday showing jobless applications declined by 21,000 for the week ending July 3. Mortgage rates will head higher this week if bond yields continue to go higher.

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

5.007%

15-Year Fixed

4.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2473786

5.020%

15-Year Fixed

4.875%

$3,847

Includes 0.688 points for $2,752

Lender Fees: $1,095

$3,138 /mo

Next >

NMLS #324599

License: 324599

5.063%

15-Year Fixed

4.875%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$3,138 /mo

Next >

NMLS #757416

5.119%

15-Year Fixed

4.990%

$3,412

Includes 0.853 points for $3,412

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1312186

5.277%

15-Year Fixed

5.125%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,190 /mo

Next >

NMLS #2473786

5.357%

5-Year ARM

5.250%

$4,835

Includes 0.935 points for $3,740

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #6606

5.383%

15-Year Fixed

5.240%

$3,756

Includes 0.939 points for $3,756

Lender Fees: $0

$3,214 /mo

Next >

NMLS #1025894

5.425%

15-Year Fixed

5.250%

$4,596

Includes 0.974 points for $3,896

Lender Fees: $700

$3,216 /mo

Next >

NMLS #1835285

5.460%

5-Year ARM

5.375%

$3,783

Includes 0.821 points for $3,284

Lender Fees: $499

$2,240 /mo

Next >

NMLS #1835285

5.839%

30-Year Fixed

5.750%

$3,867

Includes 0.842 points for $3,368

Lender Fees: $499

$2,335 /mo

Next >

NMLS #1312186

5.840%

5-Year ARM

5.750%

$3,928

Includes 0.982 points for $3,928

Lender Fees: $0

$2,335 /mo

Next >

NMLS #2473786

5.852%

30-Year Fixed

5.750%

$4,459

Includes 0.841 points for $3,364

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #757416

5.953%

30-Year Fixed

5.875%

$3,388

Includes 0.847 points for $3,388

Lender Fees: $0

$2,367 /mo

Next >

NMLS #324599

License: 324599

5.956%

30-Year Fixed

5.875%

$3,570

Includes 0.625 points for $2,500

Lender Fees: $1,070

$2,367 /mo

Next >

NMLS #1312186

6.070%

30-Year Fixed

6.000%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,399 /mo

Next >

NMLS #6606

6.082%

30-Year Fixed

5.990%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$2,396 /mo

Next >

NMLS #1025894

6.093%

30-Year Fixed

5.990%

$4,420

Includes 0.930 points for $3,720

Lender Fees: $700

$2,396 /mo

Next >

NMLS #399799

6.098%

30-Year Fixed

6.000%

$4,364

Includes 0.759 points for $3,036

Lender Fees: $1,328

$2,399 /mo

Next >

NMLS #324599

License: 324599

6.101%

5-Year ARM

5.990%

$4,870

Includes 0.950 points for $3,800

Lender Fees: $1,070

$2,396 /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 fixed conforming mortgage rates are up for the week ending July 8, 2010. Current 15 year mortgage rates are averaging 4.07 percent, up from the prior week’s average 15 year mortgage rate of 4.04 percent. Mortgage discount points on 15 year mortgages averaged 0.7 points, unchanged from the prior week’s average.

Current 5 year U.S. Treasury indexed adjustable mortgage rates were als0 lower for the week ending July 8, 2010. Current 5 year adjustable mortgage rates are averaging 3.76 percent, a decline from last week’s average 5 year adjustable mortgage interest rate of 3.79 percent. Mortgage discount points on 5 year adjustable rate mortgages averaged 0.7 points, unchanged from the previous week.

Current 1 year U.S Treasury indexed adjustable rate mortgages averaged 3.75 percent for the week ending July 8, 2010, down from last week’s average 1 year adjustable mortgage rate of 3.80 percent. Mortgage points averaged o.7 points, up from last week’s average of 0.6 points.

Following is a more in-depth mortgage rate report released by MonitorBankRates.com on Monday.

Current Mortgage Rates

30 year mortgage rates declined to 4.67 percent this week, down from the previous week’s average 30 year mortgage interest rate of  4.72 percent. Today’s 15 year mortgage rates are slightly higher this week over last. The current average 15 year mortgage rates is at 4.16 percent, up from the previous week’s average 15 year home mortgage rate of 4.14 percent.

Today's Jumbo Mortgage Rates

Current 30 year jumbo mortgage rates are averaging 5.33 percent this week, unchanged from the prior week’s average jumbo home loan rate. Current 30 year jumbo refinance rates are also averaging 5.33 percent.

15 year jumbo loan rates today are averaging 4.84 percent, an increase from last week’s average jumbo mortgage interest rate of 4.75 percent. 15 year jumbo refinance mortgage rates today are also higher averaging 4.75 percent.

Conventional Adjustable Mortgage Rates Current

Current 1 year adjustable mortgage rates are averaging 3.56 percent, unchanged from last week’s average 1 year adjustable interest mortgage rate. Today’s 1 year adjustable refinance mortgage interest rates are also averaging 3.56.

Average 3 year adjustable mortgage rates are at 4.21 percent this eek, up from last week’s average 3 year adjustable rate mortgage of 4.09 percent. 3 year mortgage refinance rates today are also higher this week, averaging 4.21 percent.

Today’s 5 year adjustable mortgage loan rates are averaging 3.54 percent, unchanged from the prior week’s average home loan rate. 5 year refinance home mortgage rates today are also unchanged at 3.54 percent.

7 year adjustable mortgage rates are averaging 3.90 percent this week, an increase from last week’s average 7 year home mortgage rate of 3.88 percent. Today’s 7 year mortgage refinance rates are also higher averaging 3.88 percent.

10 year adjustable mortgage interest rates are averaging 4.20 percent this week, down from the previous week’s average 10 year adjustable mortgage rate of 4.33 percent.  Current10 year home mortgage refinance rates are also lower, averaging 4.20 percent.

Jumbo Adjustable Mortgage Rates Current

Today’s 1 year jumbo adjustable mortgage loan rates are averaging 5.95 percent, no change from last week’s average 1 year adjustable jumbo interest mortgage rate. Today’s 1 year jumbo refinance mortgage rates are also averaging 5.95 percent.

Current 3 year jumbo adjustable mortgage interest rates are averaging 4.73 percent, up from last week’s average jumbo interest mortgage rate of 4.64 percent. Today’s 3 year jumbo refinance mortgage rates are also lower, averaging 4.73 percent.

5 year jumbo adjustable home mortgage rates are averaging 4.03 percent this week, down slightly from last week’s average mortgage rate of 4.04 percent. Current 5 year jumbo refinance rates are also down slightly averaging 4.03 percent.

7 year jumbo adjustable mortgage rates today are averaging 4.71 percent, down from last week’s average 7 year home mortgage rate of 4.78 percent. Current 7 year jumbo refinance rates today are also down to 4.71 percent.

10 year bank  jumbo mortgage rates are averaging 5.43 percent, a decline from the prior week’s average 10 year jumbo home mortgage rates of 5.49 percent. Current 10 year jumbo home loan refinance rates are also averaging 5.43 percent.

Current Interest Only Conforming Mortgage Rates

Today’s 3 year interest only mortgage rates are averaging 4.42 percent, up from last week’s average interest only mortgage loan rate of 4.26 percent.

5 year interest only mortgage rates today are averaging 3.67 percent, down from last week’s average five year interest only mortgage loan rate of 3.71 percent.

7 year interest only home mortgage rates today are averaging 4.02 percent, unchanged from last week’s average 7 year IO mortgage rate of 4.30 percent last week.

Interest Only Jumbo Mortgage Rates Today

Current 3 year jumbo interest only loan mortgage rates are averaging 5.27 percent, down from last week’s average jumbo interest only mortgage rate of 5.60 percent.

Current average 5 year jumbo interest only home loan rates are at 4.54 percent, down from an average IO home mortgage rate of 4.63 percent.

7 year jumbo IO bank mortgage rates today are averaging 4.81 percent, down from an average jumbo 7 year home mortgage rate of 5.01 percent last week.

Today's Home Equity Loan Rates

Current 10 year home equity loan rates are averaging 7.115 percent, down from last week’s average home equity loan interest rate of 7.139 percent.

Today’s 15 year home equity rates are averaging 7.433 percent this week, down from last week’s average home equity loan rate of 7.446.

Home Equity Line of Credit Rates Today

Today’s average home equity line of credit rate (HELOC) is at 4.777 percent this week, unchanged from last week’s average HELOC rate.