Mortgage Rates: Weekly Average Rates Mixed as Budget Talks Continue, 30 Year Mortgage rates at 4.59%

Mortgage rates are mixed this week over last but will head lower the next several days thanks to lower Treasury yields. 10 year Treasury yields plummeted on Friday on a weak employment report and are now back below 3.00%. 30 year conforming mortgage rates are averaging 4.59%, up from last week's average mortgage rate of 4.55%. 30 year rates will head back down towards the 4.40% range this week.

Get today's mortgage rates by searching our mortgage rate tables at MonitorBankRates.com/Mortgages. Unlike most websites, no personal information is needed to view a list of mortgage rates.

A weak employment report, slowing world economies, debt problems in Europe and a deadline to raise the U.S. debt limit will all keep the markets jittery for the next few weeks. If politicians fail to raise the debt limit and the U.S. defaults on its debt you can expect interest rates to rise considerably but that scenario is unlikely.

15 year conforming mortgage rates are averaging 3.70%, an increase from the previous week's average 15 year mortgage rate of 3.77%.

Current 30 year jumbo mortgage rates today are averaging 5.05%, a decrease from the prior week's average 30 year jumbo mortgage rate of 5.08%. Today's 15 year jumbo mortgage rates are averaging 4.31%, down from last week's average 15 year jumbo rate of 4.42%.

Mortgage Rates

Current Conforming Adjustable Mortgage Rates

Today's 1 year adjustable mortgage rates are averaging 3.66%, unchanged from last week’s average 1 year adjustable jumbo mortgage rate of 3.66%.

3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.04%, down from last week’s average 3 year adjustable mortgage rate of 3.13%.

Today's refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.13%, down from the prior week’s average rate of 3.16%.

7 year adjustable mortgage rates are averaging 3.53%, down from the previous week’s average 7 year loan rate of 3.61%.

10 year adjustable mortgage rates are averaging 3.97%, down from last week’s average 10 year adjustable rate of 4.01%.

Adjustable Jumbo Mortgage Rates Today

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 are averaging higher at 3.58%, up from last week’s average 3 year jumbo adjustable rate of 3.52%.

5 year adjustable jumbo rates today are averaging 3.43%, an increase from last week’s average jumbo adjustable rate of 3.42%.

Current 7 year jumbo adjustable loan rates are averaging 3.53%, down from last week’s average 7 year adjustable home loan rate of 3.61%.

10 year jumbo loan rates are averaging 4.47%, down from the prior week’s average 10 year jumbo home loan rate of 4.55%.

Current Conforming Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage loan rates are averaging 3.17%, down from last week’s average interest only mortgage loan rate of 3.37%.

5 year IO adjustable loan rates are averaging 3.25%, down last week’s average five year interest only mortgage loan rate of 3.43%.

7 year interest only adjustable mortgage loan rates are averaging 3.63%, down from last week’s average 7 year interest-only mortgage interest rate of 3.80%.

Interest Only Jumbo Mortgage Rates Currently

3 year jumbo interest only adjustable loan rates are averaging 4.08%, up from last week’s average jumbo adjustable interest only rate of 3.60%.

5 year adjustable jumbo interest only rates are averaging 3.79%, down from last week’s average IO home mortgage interest rate of 3.83%.

7 year jumbo interest only adjustable rates are averaging 4.18%, down from last week’s average jumbo 7 year home loan rate of 4.22%.

Today's Home Equity Loan Rates

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

15 year home equity rates are averaging 6.87%, unchanged from the prior week’s average home equity loan rate.

HELOC Rates Today

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

 
Author: Brian McKay
July 11th, 2011