Mortgage Rates Current

Mortgage rates currently are right above 5.00 percent. Mortgage rates haven’t changed much the past month.

In a survey released yesterday by Freddie Mac, called the Primary Mortgage Market Survey, it shows 30-year mortgage rates at 5.22 percent, down by 0.3 percent over the prior week’s average mortgage rate.

Only conforming mortgages are reported in the survey, Freddie Mac’s survey doesn’t include jumbo mortgage rates.

Mortgage Rates Current

The average conforming mortgage rate on a 30-year mortgage is at 5.22 percent with an average points of 0.6 for the week that ended on August 6, 2009.  The mortgage rate is down from the last week’s average 30-year mortgage rate of 5.25 percent .

Average rates on a conforming 15-year mortgage was down to 4.63 percent this week, with an average points of 0.6, down from the prior week’s average 15-year conforming mortgage rate of 4.69 percent.

Adjustable Rate Mortgages

Adjustable mortgage rates were also down the week that ended on August 6, 2009. The average mortgage rate on a one-year adjustable is currently at 4.78 percent with an average 0.5 points, down from the previous week’s average one-year home loan rate of 4.80 percent.

The average five-year adjustable mortgage loan rates is at 4.73 percent with average points of 0.6 for the weekending August 6, 2009. Down from the last week’s average mortgage interest rate of 4.75 percent.