Mortgage Rates Rise After Week of Wild Swings: 30 Year Mortgage Rates at 4.27%

Mortgage rates rise today after a week of wild swings following the change in 10 year bond yields. 30 year mortgages are averaging 4.27%, up from the previous day’s average 30 year mortgage rate of 4.25%. Current mortgage rates on 15 year mortgage loans are also slightly higher at 3.50%, up from yesterday's average 15 year mortgage rate of 3.48%.

Compare mortgage rates and refinance rates from several lenders by searching our mortgage rate tables here: Today's Mortgage RatesUnlike most websites, no personal information is needed to view a list of mortgage rates.

Current mortgage rates on 30 year jumbo mortgages are averaging 4.71%, a slight increase from yesterday’s average 30 year jumbo mortgage rate of 4.69%. Mortgage rates today on 15 year jumbo mortgages are averaging 4.12%, up slightly from yesterday’s average 15 year jumbo mortgage rate of 4.10%. 

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

Mortgage Rates Today

Current Conforming Adjustable Mortgage Rates

1 year adjustable mortgage rates today are averaging 3.58%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.34%.

Current 3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.01%, down from last week’s average 3 year adjustable mortgage rate of 3.03%.

5 year adjustable mortgage mortgage are averaging 3.25%, down from the prior week’s average 5 year adjustable rate of 3.43%.

Today’s 7 year adjustable mortgage rates are averaging 3.28%, unchanged from the previous week’s average 7 year adjustable mortgage rate.

10 year adjustable mortgage rates currently are averaging 3.70%, down from last week’s average 10 year adjustable rate of 3.96%.

Adjustable Jumbo Mortgage Rates Current

Current 1 year jumbo adjustable mortgage rates are averaging 3.12%, down from last week’s average adjustable jumbo mortgage rate of 4.05%.

3 year adjustable jumbo rates today are averaging higher at 3.38%, down from last week’s average 3 year jumbo adjustable rate of 3.47%.

5 year adjustable jumbo mortgage rates current are averaging 3.21%, down from last week’s average jumbo adjustable rate of 3.38%.

7 year jumbo adjustable mortgage loan rates are averaging 3.64%, down from last week’s average 7 year adjustable home loan rate of 3.83%.

10 year jumbo loan rates are averaging 4.17%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.37%. 

Today's Conforming Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage loan rates are averaging 3.09%, down from last week’s average interest only mortgage loan rate of 3.15%.

5 year IO adjustable loan mortgage rates are averaging 3.10%, down last week’s average five year interest only mortgage rate of 3.20%.

7 year interest only adjustable mortgage loan rates are averaging 3.40%, down from last week’s average 7 year interest-only mortgage interest rate of 3.58%. 

Interest Only Jumbo Mortgage Rates Today

Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.90%, a decrease from last week’s average jumbo adjustable interest only rate of 3.98%.

5 year adjustable jumbo interest only rates are averaging 3.52%, down from last week’s average IO home mortgage interest rate of 3.65%.

7 year jumbo interest only adjustable rates are averaging 3.84%, down from last week’s average jumbo 7 year home mortgage loan rate of 4.04%.

Home Equity Loan Rates Current

10 year home equity loan rates are averaging 6.62%, down from last week’s average home equity loan rate of 6.77%.

15 year home equity rates are averaging 6.66%, down from last week’s average home equity loan rate of 6.86%.

Today's HELOC Rates

Home equity line of credit rates are averaging 4.97%, unchanged from last week’s average rate HELOC rate.

 
Author: Brian McKay
August 12th, 2011