Current Mortgage Rates:
30 year mortgage rates declined to 4.85 percent this week, down from last week’s average home loan rate of 4.90 percent, almost matching an all time low 4.84 percent set May 18, 2009.
15 year mortgage rates are down to 4.35 percent this week from last week’s average loan rate of 4.37 percent. 15 year mortgage rates hit a new low for 2009.
Jumbo Mortgage rates
30 year jumbo mortgage rates are averaging 5.65 percent this week, down from last week’s mortgage rate of 5.69 percent.
15 year jumbo mortgage rates are averaging 5.12 percent this week, down from the previous week’s average rate on a 15 year home loan of 5.19 percent.
Adjustable Mortgage Rates
One year adjustable mortgage rates are averaging 4.11 percent this week, down from the previous week’s one year home loan rate of 4.30 percent.
Three year adjustable rate mortgages are averaging 4.20 percent this week, down from the prior week’s average rate for a three year mortgage loan of 4.40 percent.
Average five year mortgage rates are at 4.11 percent this week, up from last week’s average home loan interest rate of 4.06 percent.
The average rate on a seven year ARM is at 4.52 percent this week, up from last week’s average home bank loan rate of 4.50 percent.
Ten year ARMs are averaging 4.86 percent this week, down from the previous week when 10 year mortgage interest rates were at 4.88 percent.
Jumbo Adjustable Mortgage Rates
One year jumbo adjustable mortgage rates are averaging 5.48 percent this week, down slightly from last week’s average loan interest rate of 5.49 percent.
Three year jumbo loans are averaging 5.40 percent this week, down from last week’s average mortgage interest rate of 5.42 percent.
Today’s five year jumbo rates are at 5.41 percent this week, up over .50 percent from last week’s average home mortgage loan rate 0f 4.83 percent.
The current average mortgage rate on a seven year jumbo mortgage is at 5.39 percent, down from last week’s average mortgage loan interest rate of 5.57 percent.
The average rate on a 10 year jumbo ARM is at 6.65 percent, up almost one percent from last week’s average loan rate of 5.89 percent.
Interest Only Mortgage Rates (IO Loans)
Average three year interest only loan rates are at 4.40 percent this week, down from last week’s three year home loan rate of 4.50 percent.
Average five year IO loans are at 4.23 percent, up from the prior week’s average five year loan interest rates of 4.15 percent.
Average seven year IO mortgage rates are averaging 4.71 percent this week, up from last week’s average interest rate of 4.70 percent.
Jumbo Interest Only Mortgage Rates (IO)
The average rate on a three year jumbo interest only mortgage is unchanged at 5.53 percent this week over last.
The average five year jumbo IO mortgage is at 5.97 percent this week, up from the prior week’s average IO mortgage rate of 5.23 percent.
The average seven year jumbo IO mortgage rate is at 5.66 percent, down from last week’s average jumbo rate of 5.94 percent.
Home Equity Loan
The average rate on a 10 year home equity loan is down slightly to 7.494 percent this week, down from the prior week’s average equity home loan rate of 7.496 percent.
The average 15 year home equity rate decreased to 7.624 percent this week, down from the last week’s average home equity loan rate of 7.629 percent.
Home Equity Line of Credit Rates (HELOC)
The average home equity line of credit rate was up slightly to 4.904 percent this week, up from last week’s average HELOC rate of 4.898 percent.
Today’s mortgage interest rates are still below 5.00 percent in the latest Primary Mortgage Market Survey released by Freddie Mac. 30-year mortgage rates increased to 4.94 percent for the week ending December 17, 2009. 30-year loan rates are almost where they were last year at this time, 30-year rates were at 5.19 percent. In last week’s mortgage survey 30 year rates were at 4.81 percent.
Long term mortgage rates have hit new all time lows in the latest Primary Mortgage Market Survey released by Freddie Mac this morning. Both 30 year mortgage rates and 15 year mortgage rates have hit new lows this week.
Current mortgage rates are mixed this week over last, both conventional 30 year mortgage rates and 15 year conventional mortgage rates are lower. Fixed jumbo mortgage rates are higher.
Current mortgage rates are mixed this week, 30-year conforming fixed mortgage rates are down and 30-year jumbo mortgage rates are higher this week over last.
30-year mortgage rates reached a four month low in Freddie Mac’s current Primary Mortgage Market Survey. Low mortgage rates continue to help the housing market recover from the speculative bubble over the past several years.