Another day, another drop in mortgage rates across the U.S. Today's decline was a bit more modest than yesterday's, but still heading in the right direction for homebuyers. Most rates dropped by 0.02% to 0.04%, led by jumbo rates, which sank to 4.40% from Wednesday's 4.44%.

The only rates that remained steady, yet again, were equity loans, which stayed the course. It appears Tuesday's uptick was little more than a hiccup.

Here are today's average mortgage rates across the U.S., along with where they stood a month ago.

Mortgage Type

Mortgage Rates Today

Mortgage Rates 1 month ago

30-year fixed jumbo

4.40%

4.69%

30-year fixed

3.88%

4.16%

15-year fixed

3.08%

3.30%

30-year fixed refinance

3.88%

4.17%

15-year fixed refinance

3.09%

3.34%

5/1 ARM

3.12%

3.36%

5/1 ARM refinance

3.30%

3.51%

Data source: Bloomberg. National average rates which may include points.

As attractive as today's mortgage rates are, they look even better compared to the relatively steep cost of a loan just 10 years ago. For some perspective, here are a few of the rates as of April 2007.

Mortgage Type

Mortgage Rates April, 2007

30-year fixed

6.18%

15-year fixed

5.88%

1-year ARM

5.45%

5/1-year ARM

5.91%

Data source: Freddie Mac. Rates do not include points.

For longtime homeowners considering a home equity line of credit (HELOC) or equity loan, there's no change in either rate today. HELOC and equity loan rates remained at 5.24% and 5.30%, respectively. Both equity loans are priced slightly above March's respective rates of 5.20% and 5.22%.

  

The Motley Fool has a disclosure policy.