Just when you thought it was the best time to go ahead and pull the trigger to refinance your loan mortgage rates today make new lows. I just refinanced my mortgage loan back in March of this year and got a 15 year mortgage rate of 3.50 percent, now there are lenders offering current mortgage rates on 15 year loans as low as 2.25 percent with points, which is much lower than Freddie Mac’s average 15 year conforming mortgage rate in the most recent Primary Mortgage Market Survey (MMS).
In Freddie Mac’s mortgage rate survey for the week that ended on October 11, 2012, average 30 year mortgage rates were at 3.39 percent with 0.7 mortgage points, which is actually higher than the prior week’s average 30 year mortgage interest rate of 3.36 percent. In the prior week’s survey average 30 year mortgage interest rates hit a record low. There has been so many record lows sent on both conforming mortgage rates and jumbo mortgage rates it is hard to keep track.
Today’s mortgage rates on 30 year conventional home loans are lower and make a new record low. Current mortgage rates today on 30 year conventional home loans are averaging 3.35 percent. There are also lenders already offering 30 year mortgage rates today below the averages. On our mortgage refinance rates list for the state of California we have many lenders offering 30 year refinance rates on conforming loans at 3.125 percent with points without points you can find 30 year refinancing rates as low as 3.375 percent.
Average 15 year mortgage rates for the week ending October 11, 2012, were also slightly higher averaging 2.70 percent with 0.6 mortgage discount points. The average 15 year conforming mortgage rate was also higher from last week’s average of 2.69 percent. Mortgage rates current on 15 year conforming loans also just make another record low today averaging 2.64 percent. We will probably see 15 year mortgage rates falling as low as 2.25 percent on average before the year is over.
Speaking of mortgage rates as low as 2.25 percent on 15 year conforming loans you can already find lenders offering rates so low. First Internet Bank is offering 15 year refinance rates as low as 2.25 percent with just over 1 mortgage point. We also have lenders listed right here offering 15 year mortgage rates in the 2.25 percent range with a point or two. We also have lenders offering 15 year refi mortgage rates today without points at 2.625 percent.
Adjustable mortgage rates current were also higher for the week that ended on October 11, 2012. Average 5 year adjustable mortgage rates today are at 2.73 percent with 0.6 points, up from the prior week’s average 5 year adjustable mortgage interest rate of 2.72 percent. Current mortgage rates on 5 year conforming adjustable loans can be found well below the average rate. Currently in the state of Texas we have lenders offering 5 year adjustable refinance rates today as low as 1.875 percent with points.
Higher bond yields have forced mortgage rates today higher for the fourth consectutive week in Freddie Mac’s Primary Mortgage Market Survey. In this week’s mortgage rates survey conventional 30 year mortgage rates averaged 3.66 percent with 0.7 mortgage discount point.
Current mortgage rates on 30 year conforming loans are up from the previous week’s survey of 3.62 percent. Since Freddie’s mortgage rates survey came out on Thursday average 30 year conforming mortgage interest rates have moved lower again.
Today’s mortgage rates on 30 year conventional home loans are averaging 3.59 percent. The mortgage rates listed above are average mortgage rates, there are lenders advertising 30 year conforming rates below the averages. You can find rates well below the averages with points and the more points you pay the lower the refinance mortgage rates are.
Right now on our 30 year conventional refinance rates list in California there are lenders offering 30 year rates at 3.50 percent without points. If you’re willing to pay points you can find 30 year refinance rates as low as 3.25 percent.
Average 15 year mortgage rates have also gone higher in this week’s mortgage survey but have declined since. Mortgage rates current on 15 year conforming loans averaged 2.89 percent with 0.7 mortgage discount points, an increase from an average 15 year refinance mortgage rate of 2.88 percent.
Mortgage rates currently on 15 year conventional home loans have declined 4 basis points to an average rate of 2.85 percent. Right now there are home loan lenders offering 15 year rates as low as 2.75 percent without points. There are also some lenders offering 15 year refi rates as low as 2.25 percent with 2 mortgage points.
Adjustable mortgage rates were up on 5 year conforming adjustable loans and down on 1 year conforming adjustable home loans this week. Mortgage rates today on 5 year adjustable mortgage rates averaged 2.80 percent with 0.6 mortgage discount point, up from the previous week’s average 5 year rate of 2.76 percent.
Current 5 year adjustable mortgage rates on our rate list can be found below the average rate. Rates in Texas on 5 year adjustable loans can be found as low as 2.75 percent and with points as low as 2.50 percent.
1 year adjustable mortgage interest rates averaged 2.66 percent with 0.4 mortgage discount points, down from an average 1 year adjustable mortgage rate of 2.69 percent.
Current mortgage rates are higher says the Mortgage Bankers Associations’ Weekly Mortgage Applications Survey but don’t expect the trend to continue. A slew of companies reported lower than expected earning and the markets tanked today. The debt ceiling impass and the budget talks are also sending markets lower. 10 year bond yields have been heading lower as well which will send mortgage rates current lower.
Today’s mortgage rates on 30 year home loans are averaging 4.57% with 1.14 mortgage points. This mortgage rate currently is higher from the priro week’s average of 4.54% with .98 mortgage points.
15 year Current mortgage rates are higher averaging 3.67 with 1.08 mortgage points. 15 year mortgage rates currently are also higher from the previous week’s average 15 year mortgage rate of 3.66% with 0.97 mortgage points.
Mortgage rates have been near record lows for 2011 and just above all-time lows. Earlier this year everyone thought mortgage rates would go higher when the Fed completed QE2 but that didn’t happen.
Now the belief was mortgage rates would go higher in the second half of 2011 because the economy was picking up steam. That thought is now in doubt so current mortgage rates will stay near the levels they are at for the rest of 2011.
Mortgage Rates Current
Mortgage rates current are low right now and expected to remain low for the rest of 2011. Current mortgage rates on 30 year home loans are averaging 4.51%. While this mortgage rate isn’t a low for 2011 the rate is very near the low for the year. A year ago at this time 30 year mortgage rates were only slightly above where they are right now at 4.57%.
Mortgage rates today on 15 year home loans also remain near record lows and 15 year mortgage rates won’t be going higher this year. 15 year mortgage rates currently are averaging 3.65%. In July 2010 15 year mortgage rates weren’t much higher than the current mortgage rate. 15 year rates were averaging 4.75% a year ago at this time.
Current adjustable mortgage rates are also near lows for the year. Current 5 year adjustable mortgage rates are averaging 3.29%. As for 5 year adjustable rates in July 2010 they were a lot higher at 3.85% since short term Treasury yields were also considerably higher.
1 year adjustable mortgage rates are averaging 2.95% right now. Wow, that has to be one of the lowest mortgage rates I’ve ever seen. A year ago in July 1 year adjustable mortgage rates were also considerably higher averaging 3.74%.
Mortgage rates current are higher compared to interest rates on 4/5. 30 year conforming mortgage rates currently and refinance rates are averaging 4.92 percent, up from yesterday’s average 30 year mortgage rate and refinance rate of 4.87 percent.
Conforming 15 year current mortgages rates and refinance rates are averaging 4.18 percent, up from yesterday’s average 15 year mortgage rate and refi rate of 4.16 percent.
Jumbo mortgage rates today are lower compared to yesterday’s average jumbo rates. 30 year jumbo mortgage rates today and jumbo refinancing rates are averaging 5.44 percent, down from yesterday’s average jumbo loan rate of 5.46 percent.
Current 15 year jumbo mortgage rates and jumbo mortgage refinance rates are averaging 4.61 percent, down from the yesterday’s average jumbo rate of 4.65 percent.
The current mortgage rates and current refinance rates listed above are only average rates. You can get mortgage loan rates lower than the averages.