Mortgage Rates: Today’s 30 Year Mortgage Rates at 4.15%, Inflation Low: PPI at 0.2%

Mortgage rates moved lower today as bond yields retreated after the sharp run-up of the past couple of weeks. Current mortgage rates on 30 year mortgage loans are averaging 4.15%, down from yesterday's average 3o year mortgage rate of 4.19%. Several weeks ago 30 year mortgage rates hit an all-time low of 3.94%. We might see rates head back down to that level if the Fed is successful at driving down long term interest rates. Another factor that will help keep mortgage rates low is the inflation rate. PPI for September outside of food and energy was only 0.2%. Today's mortgage rates on 15 year mortgages are also lower averaging 3.45%, down from yesterday's average 15 year mortgage rate of 3.49%.

Search and compare today's mortgage rates from from multiple lenders by using our rate tables here: Mortgage Rates Today. Unlike most websites, no personal information is needed to view a list of mortgage rates.

Current jumbo mortgage rates are also lower today. Average 30 year jumbo mortgage rates are at 4.59%, a decline from yesterday’s average 30 year jumbo mortgage rate of 4.63%. Today's 15 year jumbo mortgage rates are averaging 3.82%, a decrease from yesterday’s average 15 year jumbo mortgage rate of 3.87%.

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

Mortgage Rates

Conforming Adjustable Mortgage Rates and Refinance Rates Today

1 year adjustable mortgage rates today are averaging 3.75%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.72%.

3 year adjustable mortgage rates today are averaging 2.75%, down from last week’s average 3 year adjustable mortgage rate of 2.76%.

5 year adjustable mortgage rates are averaging 3.06%, a decrease from the prior week’s average 5 year adjustable rate of 3.08%.

Current 7 year adjustable mortgage rates are averaging 3.11%, down from the previous week’s average 7 year adjustable mortgage rate of 3.19%.

10 year adjustable mortgage rates currently are averaging 3.58%, a decrease from last week’s average 10 year adjustable rate of 3.60%.

Use our free mortgage calculator to figure out how much home you can afford.

Current Adjustable Jumbo Mortgage Rates

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

3 year adjustable jumbo rates today are averaging lower at 3.56%, up from last week’s average 3 year jumbo adjustable rate of 3.40%.

5 year adjustable jumbo mortgage rates and refinance rates currently are averaging 3.02%, a decrease from last week’s average jumbo adjustable rate of 3.11%.

7 year jumbo adjustable mortgage rates and refinance rates today are averaging 3.66%, down from last week’s average 7 year adjustable home loan rate of 3.69%.

10 year jumbo loan rates and refi rates are averaging 3.97%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.03%.

Conventional Interest Only Adjustable Mortgage Rates Current

3 year interest only adjustable mortgage loan rates and refinancing rates are averaging 3.11%, down from last week’s average interest only mortgage loan rate of 3.31%.

5 year IO adjustable loan mortgage rates and mortgage refinance rates are averaging 3.24%, down from last week’s average five year interest only mortgage rate of 3.45%.

7 year interest only adjustable mortgage rates and refinance rates are averaging 3.45%, down from last week’s average 7 year interest-only mortgage interest rate of 3.47%.

Interest Only Jumbo Mortgage Rates Today

Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.78%, an increase from last week’s average jumbo adjustable interest only rate of 3.58%

Current 5 year adjustable jumbo interest only rates are averaging 3.53%, an increase from last week’s average IO home mortgage interest rate of 3.52%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.88%, up from last week’s average jumbo 7 year home mortgage loan rate of 3.82%.

Current Home Equity Loan Rates

10 year home equity loan rates are averaging 6.51%, down from last week’s average home equity loan rate of 6.52%

15 year home equity rates are averaging 6.48, down from last week’s average home equity loan rate of 6.50%.

HELOC Rates Today

Home equity line of credit rates currently are averaging 4.81%, down from last week’s average rate HELOC rate of 5.00%.

 
Author: Brian McKay
October 18th, 2011

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