Mortgage rates increased in the latest survey released this morning. Home mortgage interest rates increased after making all time lows in the prior week’s Mortgage Applications Survey released by the Mortgage Bankers Association. Both 30 year mortgage rates and 15 year mortgage rates are increased from the lowest lowest point ever in last week’s mortgage survey.

The average contract 30 year mortgage rate increased to 4.69 percent for the week ending July 23, 2010, an increase from the previous week’s average 30 year mortgage rate of 4.59 percent. Mortgage discount points on 30 year mortgages averaged 0.88 points, down from the prior week’s average of 1.04 points mortgage points.

Current 15 year home mortgage rates are also higher for the week ending July 23, 2010. The current average contract 15 year mortgage interest rate is up to 4.12 percent, an increase from the previous week’s average 15 year mortgage rate of 4.05 percent. Mortgage discount points averaged 0.83 points on 15 year mortgages, down from last week’s average of 0.88 points.

1 year adjustable mortgage rates bucked the trend and headed lower. Current 1 year adjustable home loan rates decreased to 7.15 percent for the week ending July 23, 2010, down from the prior week’s average 1 year adjustable mortgage rate of 7.17 percent. Mortgage discount points averaged 0.23 points, down from previous week’s average of 0.24 points. 

Following is a more in-depth mortgage rate report released by MonitorBankRates.com earlier this week:

Mortgage Rates

Current 30 year mortgage rates are averaging 4.76 percent this week, an increase from last week’s average 30 year mortgage rate of 4.72 percent. Today’s 30 year refinance mortgage rates are also slightly higher this week averaging 4.76 percent.

15 year mortgage rates today are averaging 4.20 percent this week, a slight decline from last week’s average 15 year mortgage interest rate of 4.21 percent. Current 15 year mortgage refinance rates currently are also down slighlty averaging 4.20 percent this week.

Jumbo Mortgage Rates Today

30 year jumbo mortgage rates today are averaging 5.25 percent, down from an average 30 year year jumbo mortgage rate of 5.33 percent. 30 year jumbo mortgage refinance rates are also down to 5.25 percent.

Current 15 year jumbo mortgage rates are averaging 4.82 percent, up from last week’s average jumbo mortgage rate of 4.71 percent. Current 15 year jumbo refinance mortgage rates today are also higher averaging 4.82 percent.

Current Adjustable Mortgage Rates

Current 1 year conventional adjustable mortgage rates are averaging 3.54 percent, unchanged last week’s average 1 year adjustable interest mortgage rate. Current 1 year conforming adjustable refinance mortgage interest rates today are also unchanged this week averaging 3.54 percent.

3 year adjustable conventional mortgage rates today are averaging 4.09 percent this week, unchanged from the prior week’s average 3 year adjustable rate mortgage. Today’s 3 year mortgage refinance rates today are also unchanged averaging 4.09 percent.

5 year conventional adjustable loan mortgage rates are averaging 3.57 percent, down slighlty from the prior week’s average home loan rate of 3.58 percent. Current 5 year refinance home mortgage rates are also down averaging 3.57 percent.

7 year conventional adjustable mortgage rates are averaging 3.90 percent this week, up from last week’s average 7 year home mortgage rate of 3.86 percent. Current 7 year mortgage refinance rates today are also higher averaging 3.90 percent.

Conventional 10 year adjustable mortgage rates are averaging 4.25 percent this week,an increase from the previous week’s average 10 year adjustable mortgage rate of 4.21 percent. Today’s 10 year home mortgage refinance rates are also higher averaging 4.25 percent.

 Jumbo Adjustable Mortgage Rates Current

1 year jumbo adjustable mortgage loan rates today are averaging 5.95 percent, no change from the prior week’s average 1 year jumbo adjustable mortgage rate. Current 1 year jumbo refinance mortgage rates today are also averaging 5.95 percent this week.

Today’s 3 year jumbo adjustable mortgage rates are averaging 4.55 percent, down from the previous week’s average jumbo interest mortgage rate of 4.57 percent. Current 3 year jumbo refinance mortgage rates are also lower, averaging 4.57 percent.

5 year jumbo adjustable home mortgage rates currently are averaging 4.07 percent this week, unchanged from last week’s average mortgage rate. Current 5 year jumbo mortgage refinance rates are also unchanged averaging 4.07 percent.

Current 7 year jumbo adjustable mortgage rates current are averaging 4.62 percent, down from last week’s average 7 year home mortgage rate of 4.66 percent. 7 year jumbo refinance mortgage rates today are also down to 4.62 percent.

Current 10 year jumbo mortgage rates are averaging 5.21 percent, down from the previous week’s average 10 year jumbo home mortgage rates of 5.28 percent. Today’s 10 year jumbo home loan refinance rates are also down averaging 5.21 percent.

Conventional Interest Only Adjustable Mortgage Rates Current

3 year interest only adjustable mortgage rates currently are averaging 4.22 percent, down from last week’s average interest only mortgage loan rate of 4.27 percent. Today’s 3 year interest only adjustable refinance mortgage rates are also higher averaging 4.22 percent.

5 year interest only adjustable mortgage rates today are averaging 3.73 percent, down rom last week’s average five year interest only mortgage loan rate of 3.75 percent. Current 5 year interest only adjustable refinance mortgage rates are also averaging 3.73 percent.

Today’s 7 year interest only home adjustable mortgage rates currently are averaging 4.06 percent, down from last week’s average 7 year IO mortgage rate of 4.09 percent. Today’s 7 year adjustable refinance rate mortgages are also averaging 4.06 percent.

Interest Only Jumbo Adjustable Mortgage Rates

3 year jumbo interest only loan adjstuable mortgage rates are averaging 4.94 percent, down from last week’s average jumbo adjustable interest only mortgage rate of 5.16 percent. Current jumbo IO adjustable refinance rates are also down averaging 4.94 percent.

5 year adjustable jumbo interest only home loan rates are at 4.52 percent, down from an average IO home mortgage rate of 4.54 percent the previous week. 5 year jumbo adjustable IO loan rates are also averaging 4.52 percent.

Current 7 year jumbo IO adjustable mortgage rates today are averaging 4.96 percent, down from an average jumbo 7 year home mortgage rate of 4.98 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.96 percent.

Home Equity Loan Rates

Current 10 year home equity loan rates are averaging 7.115 percent, unchanged from last week’s average home equity loan rate.

Today’s 15 year home equity rates are averaging 7.433 percent this week, no change from last week’s average home equity loan rate.

Home Equity Line of Credit Rates

Current average home equity line of credit rates (HELOC) are at 4.762 percent this week, down from last week’s average HELOC rate of 4.777 percent.

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