Mortgage rates set new records lows again in this week’s mortgage survey released this morning. 30 year mortgage rates, 15 year mortgage rates and 5 year adjustable mortgage rates all hit new record lows for the week ending September 2, 2010 in the most recent Primary Mortgage Market Survey released by Freddie Mac. Poor economic data released by the government this past week sent 10 year bond yields down below 2.50%. Lower bond yields drove mortgage rates lower.
30 year mortgage rates are averaging 4.32 percent for the week ending September 2, 2010, down from the previous week’s average 30 year mortgage rate of 4.36 percent. Average mortgage discount points on 30 year home mortgages remained unchanged at 0.7 points.
15 year mortgage rates are averaging 3.83 percent for the week ending September 2, 2010, down from the previous week’s average of 15 year mortgage interest rate of 3.86 percent. Mortgage discount points on 15 year mortgages remained unchanged at 0.6 mortgage points.
5 year U.S. Treasury indexed adjustable mortgage rates are averaging 3.54 percent for the week ending September 2, 2010, down from the previous week’s average 5 year adjustable mortgage interest rate of 3.56 percent. Mortgage discount points on 5 year adjustable mortgages declined to 0.6 points, no change from last week’s average mortgage discount points.
1 year Treasury indexed adjustable mortgage rates are averaging 3.50 percent for the week ending September 2, 2010, a down from the previous week’s average 1 year adjustable mortgage rate of 3.52 percent. Average mortgage discount points were 0.7 points, unchanged from the previous week’s average.
Following is a more in-depth mortgage rate report released by MonitorBankRates.com earlier this week:
Mortgage Rates
30 year mortgage rates are averaging 4.38 percent, down from the prior week’s average 30 year mortgage rate of 4.48 percent. Current 30 year mortgage refinance rates are also lower averaging 4.38 percent this week.
Current 15 year mortgage rates are averaging 3.83 percent, unchanged from last week’s average 15 year mortgage interest rate. Current 15 year mortgage refinance rates are also unchanged at 3.83 percent.
Jumbo Mortgage Rates Today
30 year jumbo mortgage rates today are under 5.00 percent averaging 4.92 percent, down from last week’s average 30 year year jumbo mortgage rate of 5.05 percent. Current 30 year jumbo refinance mortgage rates are also down to 4.92 percent.
Today’s 15 year jumbo mortgage rates are averaging 4.36 percent, a decline from last week’s average jumbo mortgage rate of 4.50 percent. Current 15 year jumbo refinance mortgage rates are also averaging 4.36 percent.
Adjustable Conventional Mortgage Rates
1 year adjustable mortgage rates are averaging 3.17 percent, down from last week’s average 1 year adjustable home mortgage interest rate of 3.19 percent. Current 1 year conforming adjustable refinance mortgage rates are also down to 3.17 percent this week.
Current 3 year adjustable mortgage rates today are averaging 3.79 percent, down from last week’s average 3 year adjustable rate mortgage of 4.06 percent. 3 year mortgage refinance rates today are also down to 3.79 percent.
5 year adjustable mortgage rates are averaging 3.44 percent, down slighlty from the prior week’s average mortgage rate oif 3.45 percent. 5 year refinance mortgage rates today are also averaging 3.44 percent.
Today’s 7 year adjustable mortgage interest rates today are averaging 3.65 percent, a decline from the previous week’s average 7 year home mortgage rate of 3.72 percent. 7 year mortgage refinance rates are also lower averaging 3.65 percent.
10 year adjustable bank mortgage rates are averaging 3.97 percent this week, a decline from last week’s average 10 year adjustable mortgage rate of 4.01 percent. 10 year home mortgage refinance rates are also lower this week averaging 3.97 percent.
Adjustable Jumbo Mortgage Rates
Current 1 year jumbo adjustable mortgage rates today are averaging 5.35 percent, unchanged from the prior week’s average 1 year jumbo adjustable mortgage interest rate. 1 year jumbo refinance mortgage rates are also averaging 5.35 percent.
Today’s 3 year jumbo adjustable mortgage rates today are averaging 3.79 percent, down from last week’s average jumbo mortgage rate of 4.16 percent. 3 year jumbo refinance mortgage rates today are also down to 3.79 percent.
Current 5 year jumbo adjustable bank mortgage rates are averaging 3.73 percent this week, down from last week’s average mortgage rate of 3.87 percent. Current 5 year jumbo mortgage refinance rates are also down to 3.73 percent.
7 year jumbo adjustable mortgage rates are averaging 4.29 percent, down from last week’s average 7 year home mortgage rate of 4.42 percent. 7 year jumbo refinance mortgage rates are also lower averaging 4.29 percent.
10 year jumbo mortgage rates are averaging 4.99 percent, down from the previous week’s average 10 year jumbo home mortgage rates of 5.02 percent. 10 year jumbo home refinance interest rates are also down averaging 4.99 percent.
Interest Only Conventional Adjustable Mortgage Rates
3 year interest only adjustable mortgage rates are averaging 4.08 percent, down slightly from last week’s average interest only mortgage loan rate of 4.09 percent. Today’s 3 year interest only adjustable refinance mortgage rates are also down averaging 4.08 percent.
Today’s 5 year interest only adjustable bank mortgage rates are averaging 3.59 percent, down from last week’s average five year interest only mortgage loan rate of 3.62 percent. Current 5 year interest only adjustable refinance mortgage rates are also lower averaging 3.59 percent.
7 year interest only adjustable mortgage rates today are averaging 3.76 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.86 percent. 7 year adjustable refinance rate mortgages are lower averaging 3.76 percent.
Jumbo Interest Only Adjustable Mortgage Rates
3 year jumbo interest only adjustable mortgage rates are averaging 4.55 percent, unchanged from last week’s average jumbo adjustable interest only mortgage rate. Today’s interest only adjustable jumbo refinance rates are also unchanged.
5 year adjustable jumbo interest only mortgage rates are at 4.29 percent, no change from last week’s average IO home mortgage interest rate week. Current 5 year jumbo adjustable IO loan rates are also unchanged averaging 4.29 percent.
Today’s 7 year jumbo IO adjustable mortgage rates are averaging 4.67 percent, down from an average jumbo 7 year home mortgage rate of 4.77 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.67 percent.
Home Equity Loan Rates
Current 10 year home equity loan rates are averaging 6.884 percent, down from the previous week’s average when home equity loans averaged 7.009 percent.
15 year home equity rates today are averaging 7.175 percent, down from last week’s average home equity loan rate of 7.377 percent.
Home Equity Line of Credit Rates (HELOC Rates)
The current average home equity line of credit rate is averaging 4.763 percent this week, up slightly from last week’s average HELOC rate of 4.762 percent.
Use our mortgage rate widgets to keep track of national average mortgage rates and state mortgage rates on your website. Use our free mortgage calculator to see how much your monthly mortgage payments will be on a home mortgage loan.
Similar Posts:
- Mortgage Rates: Average Mortgage Rates Drop To Lowest Level 7/16
- Mortgage Rates: Home Mortgage Rates Mostly Higher This Week: 30 Year Mortgage Rates at 4.43%
- Mortgage Rates Hit New Low: 30 Year Mortgage Rates at 4.43% Says MBA
- Fixed Mortgage Rates Head Higher Says MBA: 30 Year Fixed Mortgage Rates at 4.34%, 15 Year Fixed Mortgage Rates at 3.74%
- Home Mortgage Interest Rates Increase: 30 Year Mortgage Interest Rates at 4.69%
