Mortgage Rates Return to Record Low TerritoryRISMedia reports that Mortgage rates revisited record lows this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate returning to 4.42%, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.The average 15-year fixed mortgage hit a new low of 3.81%, and the larger jumbo 30-year fixed rate did as well, sinking to 5.04%. Adjustable rate mortgages were mostly lower, with the average 5-year ARM falling to 3.57% and the average 7-year ARM retreating to 3.87%. The last time mortgage rates were above 6% was Nov. 2008. At that time, the average rate was 6.33%, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 4.42%, the monthly payment for the same size loan would be $1,003.89, a savings of $238 per month for a homeowner refinancing now.November 09 2010 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.