Mortgage Rates: Today’s 30 Year Mortgage Rates at 5.13% and 15 Year Mortgage Rates at 4.53%

Mortgage rates jumped higher this week over last, abruptly reversing the down trend we have seen over the past year. Both conforming mortgage rates and jumbo mortgage rates are higher this week over last.

Mortgage rates have increased three out of the last four weeks and will head higher in the coming year. We might see mortgage rates as high as 6.00 percent for 30 year mortgages sometime in 2010.

Mortgage interest rates are increasing but are still very low, historically speaking. Homes are also more affordable now than they have been over the past several years, so even if rates hit 6.00% in 2010 it won't derail the housing recovery.

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 MRC'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 #1025894

5.188%

15-Year Fixed

4.990%

$5,248

Includes 0.812 points for $3,248

Lender Fees: $2,000

$3,162 /mo

Next >

NMLS #1025894

5.967%

30-Year Fixed

5.875%

$3,972

Includes 0.493 points for $1,972

Lender Fees: $2,000

$2,367 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

Looking for the today's mortgage interest rates? Use our mortgage rate tables to find mortgage rates  in your state or zip code. Today's Mortgage Interest Rates.

Conforming Fixed Mortgage Rates

30-year mortgage rates jumped above 5.00 percent to 5.13 percent this week, up from the previous week’s average mortgage rate of 4.94 percent.

15-year mortgage rates are back above 4.50 percent at 4.53 percent, up from last week's average home loan mortgage rate of  4.39 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.92% this week, up from the prior week’s mortgage interest rate of 5.71%.

15 year jumbo home loan rates are averaging 5.34% this week, up slightly from the last week’s home interest loan rate of 5.20%.

Adjustable Mortgage Rates - Conforming ARMs

1-year adjustable mortgage rates are averaging at 4.52% this week, up from the prior week when one year home loans were averaging 4.23%.

3-year adjustable rate mortgages are averaging 4.56%, up from last week’s average loan rate of 4.44%.

5-year adjustable mortgage interest rates are at 4.28 percent this week, down from the previous week’s average mortgage rate of 4.18%.

7-year adjustable home loans are averaging 4.77%, up from last week’s average loan rate of 4.68%.

The average 10-year ARM is at 5.14%, up from the previous week’s average home finance rate of 5.01%.

Adjustable Mortgage Rates - Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, down from the prior week’s average mortgage finance interest rate of 5.56%.

The average 3-year jumbo ARM is at 5.62% this week, up from last week’s adjustable rate of 5.51%.

5-year jumbo ARMs are averaging 5.19% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.03%.

7-year jumbo ARMs are averaging 5.60% this week, up from last week’s average rate of 5.49 percent.

The average 10-year jumbo is at 6.15 percent, up from the prior week’s average 10-year mortgage rate of 6.05 percent.

Interest Only Mortgage Rates (IO Loans) - Conforming

3-year interest only mortgage rates are averaging 4.69 percent this week, up from last week’s average interest rate of 4.52%.

5-year interest only loans are averaging 4.40 percent this week, up from last week when five year interest only mortgages averaged 4.29%.

7-year IO loan rates are averaging 5.00 percent this week, up from last week’s average interest rate of 4.89%.

Jumbo Interest Only Mortgage Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, up from last week’s jumbo interest mortgage average rate of 5.68%.

5-year jumbo IO loan rates are averaging 5.63 percent, up from the prior week’s average IO mortgage rate of 5.43 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.96 percent, up from last week’s average jumbo rate of 5.87 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.331% this week, down slightly from last week’s average equity home loan rate of 7.332%. 15 year home equity rates decreased to 7.410%, down slightly from the prior week’s average equity loan rate of 7.411%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.912% this week, up from last week’s average HELOC rate of 4.900%.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates