Mortgage Rates: Updated May 4thMortgage rates remained steady the past week, no big changes in rates. Fixed rate mortgages are still at historic lows. 30-year conforming mortgage rates went up to 5.02% from 4.96%. 15-year conforming mortgage rates went up to 4.79% from 4.72% Jumbo mortgage rates also went up this past week. 30-year Jumbo mortgage rates went from 4.96% to 5.02% and 15-year jumbo mortgage went up even more to 6.19% from 6.02%. The annual percentage rate on a 5-year conforming adjustable rate mortgage is now at 4.17% down from 4.215% last past week. The annual percentage rate on1-year conforming adjustable mortgages stayed under 4%, the average 3.98 percent this week up from 3.92 percent last week. Lender
APR / Rate
Fees / Points
Payment
$5,500
Includes 0.875 points for $3,500
Lender Fees: $2,000
$3,216 /mo
$7,000
Includes 0.750 points for $3,000
Lender Fees: $4,000
$3,242 /mo
$4,128
Includes 0.857 points for $3,428
Lender Fees: $700
$3,295 /mo
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$2,463 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,430 /mo
$4,676
Includes 0.994 points for $3,976
Lender Fees: $700
$2,529 /mo
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,562 /mo
$5,908
Includes 0.977 points for $3,908
Lender Fees: $2,000
$2,628 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of 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.
Rates on a home equity line of credit is still under 5 percent, at 4.73%. The rate on a 10-year fixed rate home equity loan inched up to 7.69% and the rate on a 15-year fixed rate home equity loan is at 7.81%. Â
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