Mortgage Rates Move Higher as Treasury Yields Increase

Mortgage Rates Move Higher as Treasury Yields IncreaseMortgage rates rose today as expected since Treasury yields increased 10 basis points yesterday to 2.05%. Mortgage rates on 30 year home mortgage loans hit a new record low of 3.99% yesterday but increased to 4.07% today. 15 year mortgage rates are also higher today averaging 3.35%, up from yesterday's average 15 year mortgage rate of 3.30%.

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30 year jumbo mortgage rates are averaging 4.48%, unchanged from yesterday’s average 30 year jumbo mortgage rate. Current mortgage rates on 15 year home loans are averaging 3.77%, up from yesterday’s average 15 year jumbo mortgage rate of 3.70%.

Mortgage Rates

Current Mortgage Rates – Conventional Adjustable Home Loans

1 year adjustable mortgage rates today are averaging 3.67%, down from last week’s average 1 year adjustable jumbo mortgage rate of 3.79%.

3 year adjustable mortgage rates currently are averaging 2.74%, up from last week’s average 3 year adjustable mortgage rate of 2.60%.

5 year adjustable mortgage rates are averaging 2.73%, down from the prior week’s average 5 year adjustable rate of 2.78%.

Current 7 year adjustable mortgage rates are averaging 3.03%, down from the previous week’s average 7 year adjustable mortgage rate of 3.12%.

10 year adjustable mortgage rates currently are averaging 3.53%, a decline from last week’s average 10 year adjustable rate of 3.60%.

Current Mortgage Rates – Adjustable Jumbo Home Loans

Current 1 year jumbo adjustable mortgage rates are averaging 4.50%, unchanged from last week’s average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates today are averaging lower at 3.46%, up from last week’s average 3 year jumbo adjustable rate of 3.42%.

5 year adjustable jumbo mortgage rates and refinance rates currently are averaging 2.94%, down from last week’s average jumbo adjustable rate of 3.03%.

7 year jumbo adjustable mortgage rates and refinance rates today are averaging 3.44%, down from last week’s average 7 year adjustable home loan rate of 3.57%.

10 year jumbo loan rates and refi rates are averaging 3.95%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 3.97%.

Mortgage Rates Current – Conforming Adjustable Interest Only Home Loans

3 year interest only adjustable mortgage loan rates and refinancing rates are averaging 2.87%, up from last week’s average interest only mortgage loan rate of 2.85%.

5 year IO adjustable loan mortgage rates and mortgage refinance rates are averaging 2.84%, down from last week’s average five year interest only mortgage rate of 2.93%.

7 year interest only adjustable mortgage rates and refinance rates are averaging 3.16%, down from last week’s average 7 year interest-only mortgage interest rate of 3.44%.

Mortgage Rates Todays – Interest Only Jumbo Home Loans

Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.65%, up from last week’s average jumbo adjustable interest only rate of 3.58%.

Current 5 year adjustable jumbo interest only rates are averaging 3.38%, a decrease from last week’s average IO home mortgage interest rate of 3.42%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.65%, down from last week’s average jumbo 7 year home mortgage loan rate 3.79%.

Home Equity Loan Rates Today

10 year home equity loan rates are averaging 6.58%, up from last week’s average home equity loan rate of 6.45%.

15 year home equity rates are averaging 6.39%, down from last week’s average home equity loan rate of 6.41%.

Today's Home Equity Line of Credit Rates

 
Author: Brian McKay
November 10th, 2011