Current Mortgage Rates: Current 30 Year Fixed Mortgage Rate 4.875 but Likely to Rise

Current mortgage rates are likely to be adjusted upward by mortgage lenders as the benchmark 10 year treasury yield, the leading indicator for today’s mortgage rates, continues to rise fast. The yield is up to 3.47, 0.0480 (1.40%) overall. As mortgage rates approached 4.5 percent, 30-years fixed, just 2 weeks ago the yield was below 3.2 percent. Today’s 30 year fixed mortgage rates are likely to move above 5 percent for the first time in about a month.

Current mortgage rates are rising.

Current Mortgage Rates (we’ll update rates as soon as lenders make adjustments)

FreeRateUpdate.com research of wholesale mortgage lenders rate sheets shows current 30 year fixed mortgage rates at 4.875 percent at par, where they’ve been for the most of the past 2 weeks. 15 year fixed mortgage rates are at 4.25 percent. Current 5/1 ARM mortgage rate is 3.875 percent at par. Par rates are the lowest available interest rates by a lender without the requirement for the borrower to pay additional points and fees.

Current Average Mortgage Rates

Zillow reports current 30 year fixed national average mortgage rate at 4.84 percent as of 12:15 pm PST. Zillow reports today’s national average for 15 year fixed conforming mortgages at 4.31 percent as of 12:16 pm PST. These rates are likely to rise and we’ll let you know when they do.

Bankrate.com reports today’s national average mortgage rates higher than Zillow. Bankrate says today’s average 30 year fixed mortgage rate is 5.15 percent. Bankrate says today’s average 15 year fixed mortgage rate is 4.71 percent. Both of these rates are as of 12:17 pm PST and higher than last week.