Mortgage rates remain under 5 percent.

Mortgage rates remain under 5 percent despite the rise in the benchmark 10 year treasury yield this morning. The yield shot up over 3.5 early today before retreating to 3.479 percent. FreeRateUpdate.com research shows current 30 year fixed mortgage par rates available at 4.375 percent. 15 year fixed mortgage par rates are as low as 4.375 percent. 5/1 ARM mortgage rates are currently available as low as 3.875 percent at par.