Mortgage Rates Mostly Lower This Week 4/25: 30 Year Mortgage Rates at 4.85%

Average long term fixed mortgage rates are mostly lower in our weekly mortgage rate survey. No big moves in long term rates either higher or lower which was expected since U.S. Treasury yields haven't moved much this past week. The biggest increase in short term rates was on 1 year conforming adjustable mortgage loan rates. 1 year conforming ARMs increased 44 basis points to 3.39%.

Current 30 year conforming mortgage rates are averaging 4.85%, an increase from last week’s average 30 year mortgage rate of 4.83%. Today's average 30 year loan rates in Tennessee are lower than the national average rate at 4.75%.

15 year conforming rates are lower in this week's rate survey. 15 year rates today are averaging 4.18%, a decrease from last week’s average 15 year rate of 4.11 percent. Average 15 year interest rates in Illinois are slightly lower than the national average. Current 15 year rates in IL are averaging 4.07%.

Today's 30 year jumbo mortgage rates are averaging 5.33%, down from last week’s average jumbo loan rate of 5.34%. 30 year jumbo interest rates in California are higher than the national average. Today's 30 year jumbo rates in CA are averaging 5.37%.

15 year jumbo rates are averaging 4.68%, down from the prior week’s average jumbo rate of 4.73%. 15 year jumbo interest rates in New York are lower than the national average. The current average 15 year jumbo rate in NY is at 4.56%.

Conforming Adjustable Mortgage Interest Rates

The current average rate on 1 year adjustable mortgage loans is at 3.39%, up from last week’s average 1 year adjustable interest rate of 2.95%.

Today's 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.39 percent, down from last week’s average 3 year rate of 3.45 percent.

Current interest rates on 5 year ARMs are averaging 3.27 percent, down  from the prior week’s average rate of 3.30 percent.

Today's refinance rates and mortgage rates on 7 year adjustable loans are averaging 3.64 percent, down from the previous week’s average of 3.71 percent.

10 year adjustable loan rates are averaging 4.17 percent this week, down from last week’s average 10 year adjustable rate of 4.22 percent. Average refinance rates on 10 year home loans are also averaging 4.17 percent.

Current Adjustable Jumbo Mortgage Rates

Today’s 1 year jumbo adjustable loan rates are averaging 4.05 percent, unchanged from the prior week’s average 1 year jumbo adjustable rate. Jumbo refinance rates are also unchanged at 4.05 percent.

3 year adjustable jumbo rates are averaging 3.96 percent, down from last week’s average 3 year jumbo rate of 4.03 percent. Refinance rates today on 3 year jumbo loans are also lower, averaging 3.96 percent.

5 year adjustable jumbo interest rates today are averaging 3.66 percent, down from last week’s average jumbo adjustable rate of 3.73 percent. Today’s refinancing interest rates are also averaging 3.66 percent.

7 year jumbo adjustable loan rates are averaging 4.32 percent, down from last week’s average 7 year adjustable rate of 4.36 percent. 7 year jumbo refinance rates are also lower at 4.32 percent.

10 year jumbo loan rates are averaging 4.83 percent, up from the prior week’s average 10 year jumbo rate of 4.76 percent. 10 year jumbo refinance interest rates are also higher, averaging 4.83 percent.

Conforming Interest Only Adjustable Mortgage Rates Today

Current 3 year interest only adjustable rates are averaging 3.29 percent, down from last week’s average loan rate of 3.57 percent. 3 year interest only adjustable refi rates are also averaging 3.29 percent.

Today's 5 year interest only ARMs are averaging 3.43 percent, down from last week’s average 5 year rate of 3.50 percent. 5 year IO adjustable refinance mortgage loan rates are also averaging 3.43 percent.

7 year interest-only adjustable mortgage loan rates today are averaging 3.84 percent, down from last week’s average 7 year interest only mortgage rate of 4.04 percent. 7 year adjustable refi rates are averaging 3.84 percent.

Interest Only Jumbo Refinance Adjustable Mortgage Rates Current

3 year jumbo interest only loan rates are averaging 4.64 percent, down from last week’s average jumbo adjustable interest only rate of 4.67 percent. 3 year interest only adjustable jumbo refi rates are also averaging 4.64 percent.

5 year adjustable jumbo interest only rates are averaging 4.02 percent, down from last week’s average IO home mortgage interest rate of 4.04 percent. 5 year jumbo adjustable IO loan rates are also averaging 4.02 percent.

7 year jumbo interest only adjustable rates are averaging 4.45 percent, down from last week’s average jumbo rate of 4.65 percent. 7 year jumbo adjustable IO refi are also averaging 4.45 percent.

Home Equity Loan Rates Today

10 year home equity loan rates are averaging 6.79 percent, up from last week’s average home equity loan rate of 6.64 percent.

15 year home equity rates are averaging 6.88 percent, up from the prior week’s average home equity loan rate of 6.50  percent.

Current Home Equity Line of Credit Rates

Home equity line of credit rates are averaging 4.99 percent, down from last week’s average rate HELOC rate of 5.13 percent.

Average mortgage rates and refinance rates are as reported by MonitorBankRates.com. To track mortgage rates on your website use our free mortgage rates widgets.

 
Author: Brian McKay
April 25th, 2011

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