web statistics
Mortgage Rates | Compare Current Mortgage Rates Today from Lenders Below. Our List of Mortgage Rates is Updated Every Day
 

Mortgage Rates

| Compare Current Mortgage Rates Today

Search for today's mortgage rates for home loans to buy a home or refinance a mortgage. You can compare rates today from several lenders by searching in your state below. The current mortgage rates displayed are for a refinance loan in the amount of $250,000. Change the search form to get your own mortgage loan quotes from several different lenders without providing any personal information. When comparing rates you will also see the annual percentage rate (APR) which is higher than the interest rate because fees and points are calculated into the rate. Your FICO score and the down payment on a home purchase or percent equity in your home on a refinance will also determine the rates you are quoted.

Mortgage Rates Updated Fri Jul 3, 2015
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
15 yr fixed refi in 08601, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
Greenlight Loans Logo
at 0.000 pts
45 day lock rate
Est payment: $1,429.77
Fees in APR: $1,995
Corporate NMLS ID #2140 
 
Next button
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
Next button
at 0.125 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
Next button
Greenlight Loans Logo
at 1.000 pts
45 day lock rate
Est payment: $1,417.52
Fees in APR: $1,995
Corporate NMLS ID #2140 
 
Next button
Greenlight Loans Logo
at 2.000 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $1,995
Corporate NMLS ID #2140 
 
Next button
at 1.125 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
Next button
Raymond James Bank, NA

3.724%
7/1/2015
3.625%
at 0.000 pts
45 day lock rate
Est payment: $1,442.07
Fees in APR: $1,354
 
 
Fulton Bank of New Jersey

3.363%
6/29/2015
3.250%
at 0.375 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $807
 
 
Bank of America

3.466%
6/29/2015
3.375%
at 0.198 pts
45 day lock rate
Est payment: $1,417.52
Fees in APR: $850
 
 
Citizens Bank

3.551%
7/2/2015
3.500%
at 0.000 pts
60 day lock rate
Est payment: $1,429.77
Fees in APR: $703
 
 
HSBC Bank USA, N.A.

3.491%
7/1/2015
3.440%
at 0.000 pts
60 day lock rate
Est payment: $1,423.88
Fees in APR: $705
 
 
TD Bank, NA

3.523%
7/2/2015
3.450%
at 0.000 pts
60 day lock rate
Est payment: $1,424.86
Fees in APR: $997
 
 
Regent Bank

3.318%
7/2/2015
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $942
 
 

Mortage Data Provided by Bankrate.com Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

The rates above were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for Bankrate.com quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.




Current mortgage rates are at the highest level this year because of higher U.S. Treasury yields. Average 30 year mortgage rates this week are at 4.27 percent, up from the prior week’s average rate of 4.16 percent. The last time 30 year rates were this high was back in October 2014.

Strong economic data released the past several weeks has sent bond yields higher. 10 year yields closed at 2.44 percent yesterday, up 19 basis points from the June low of 2.25 percent. The low point for average 30 year mortgage rates in June as 3.92 percent. Lenders tie mortgage rates to 10 year bond yields, so when yields move higher, lenders increase mortgage rates.

Higher mortgage rates has already crimped loan demand, the Mortgage Bankers Association reported mortgage applications dropped 4.7 percent for the week ending June 26. Applications to refinance loans, fell 5 percent week-to-week to the lowest level since December of last year.

Along with everyone else, we have been forecasting higher mortgage rates for most of 2015. If you’re thinking about buying a home or refinancing a mortgage the sooner you do so the lower rate you will get on your loan. By the end of 2015, average 30 year mortgage rates are forecast to hit 5.00 percent.

Current Average Mortgage Rates July 2, 2015

  • 30 Year Conforming Rates 4.27%
  • 15 Year Conforming Rates 3.24%
  • 5 Year Conforming Adjustable Rates 3.33%
  • 30 Year Jumbo Rates 4.42%
  • 15 Year Jumbo Rates 3.86%
  • 5 Year Jumbo Adjustable Rates 3.38%

Lowest Mortgage Rates Available on Our Rate List July 2, 2015

  • 30 Year Conforming Rates 3.875% with 2 mortgage points
  • 15 Year Conforming Rates 3.25% with no points
  • 5 Year Conforming Adjustable Rates 2.75% with no points
  • 30 Year Jumbo Rates 4.00% with no points
  • 15 Year Jumbo Rates 3.125% with 1.125 points
  • 5 Year Jumbo Adjustable Rates 2.625% with 1.10 points

As you can see, the best 5 year jumbo adjustable mortgage rate available on our rate list is actually lower than the best 5 year conforming rate. You can search our rate lists for the lowest mortgage refinance rates in your state: Refinance Rates

Author: Brian McKay
July 2nd, 2015

Average mortgage rates declined this week, after three consecutive weeks of increases. 30 year conforming mortgage rates are currently averaging 3.90 percent, down from last week’s average 30 year rate of 3.94 percent. Rates moved higher the prior three weeks but the increases have been small. 30 year rates were averaging 3.85 percent in early May, only 9 basis points lower from the current level.

Despite near record low mortgage rates, the housing market hasn’t fully recovered. Existing-home sales slowed last month in all major regions of the country, except the Midwest. The National Association of Realtors reported existing home sales increased 3.3 percent to seasonally adjusted annual rate of 5.04 million in April.

The sole reason for the slowdown is the low number of available homes for sale. Buyers are coming back into the market, because of a stronger economy and a lower unemployment rate, but the low number of homes for sale is forcing prices higher.

Lawrence Yun, NAR’s chief economist, said:

Housing inventory declined from last year and supply in many markets is very tight, which in turn is leading to bidding wars, faster price growth and properties selling at a quicker pace,” says Yun. “To put it in perspective, roughly 40 percent of properties sold last month went at or above asking price, the highest since NAR began tracking this monthly data in December 2012.

Home prices are moving higher and mortgage rates will eventually also move higher, making homes less affordable. If you’re thinking about buying a home, now is probably one of the best times to buy for several years to come. If you already own a home and are thinking about refinancing your mortgage, you should do so sooner than later, if refinancing makes financial sense for you.

Average mortgage rates for May 26, 2015 are listed below. These mortgage rates are average rates, there are many lenders quoting rates on purchase loans and refinance loans below the average. Be sure to shop around to find the best rate available. Just like you would shop around for the lowest price on any major purchases.

  • Mortgage rates today on 15 year conforming loans are averaging 3.07 percent, a decline from the previous week’s average 15 year rate of 3.12 percent.
  • 30 year jumbo mortgage rates are averaging 4.24 percent, down from last week’s average 30 year jumbo rate of 4.28 percent.
  • Today’s mortgage rates on 15 year jumbo loans are averaging 3.82 percent, down slightly from last week’s average rate of 3.83 percent.
  • 5 year adjustable conforming mortgage rates are currently averaging 3.14 percent, a decline from the prior week’s average 5 year adjustable rate of 3.20 percent.
  • 5 year jumbo adjustable mortgage rates are averaging 3.37 percent, down from the prior week’s average 5 year jumbo rate of 3.44 percent.

You can search for and compare mortgage refinance rates from many lenders in your state by search our rate lists: Mortgage Rates Today

 

Author: Brian McKay
May 26th, 2015

Mortgage rates held steady this week but will increase in the coming days because of higher bond yields. Average 30 year mortgage rates today are at 3.83 percent, down slightly from last week’s average 30 year rate of 3.85 percent. By the end of this week 30 year mortgage rates will hit 4.00 percent, a level not seen for several months.

10 year U.S. bonds increased 12 basis points yesterday to 2.27 percent. Yields increased to the highest level in more than 5 months because of looming new bond sales by the U.S. government. Another factor sending yields higher in the U.S are higher German bond yields.

Mortgage Rates May 12 2015For the past year, U.S. bond yields were held down by global demand for U.S. bonds. Investors got a better return in 10 year U.S. bonds yielding around 2.00 percent. 10 year German bond yields were almost negative a month ago but have since risen to 0.70 percent.

Now that German bond yields are increasing sharply, U.S. bond yields are also moving higher. Mortgage lenders set mortgage rates based on 10 year U.S. bond rates. When bond rates increase, mortgage rates also move higher.

If you’re looking for the best rates to finance the purchase of a home or refinance your current loan do so sooner than later. Rates are increasing this week but right now in our rate database, we have lenders quoting 30 year refinance rates at 3.75 percent with mortgage points.

Mortgage rates today on 15 year conforming loans are currently averaging 3.00 percent, down from last week’s average 15 year rate of 3.03 percent. In the database of rates, there are lenders still quoting 15 year refinance rates under 3.00 percent.

Checking on the table for California there is one lender, California Home Lending, quoting 15 year refinance rates at 2.625 percent with 0.126 points. There are also a few other lenders quoting 15 year rates below 3.00 percent with points and without points.

Current mortgage rates on 30 year jumbo loans are averaging 4.22 percent, down from the prior week’s average jumbo rate of 4.25 percent. The lowest 30 year jumbo refinance rates in the database are at 3.625 percent with 2 mortgage points. The lowest rate without points is at 3.875 percent.

Today’s mortgage rates on 15 year jumbo loans are averaging 3.80 percent, down from the previous week’s average rate of 3.87 percent. The best 15 year jumbo refi rates in the database for California are currently at 2.875 percent with points and at 3.125 percent with no points.

 

Author: Brian McKay
May 12th, 2015

Mortgage rates remain low this week, continuing to defy the experts who called for higher rates in 2015. Interest rates were supposed to increase this year because of stronger economic growth in the United States. Growth, for the most part, has been strong in 2015, but bond yields have actually declined.

Current 10 year U.S. bond yields are yielding 1.88 percent, down from the December 31, 2014, high of 2.17 percent. U.S. bond yields moving lower are the result of yields in German and Japan crashing. The European Union recently released quantitative easing to foster growth which has forced already low German yields even lower.

German bonds that mature in less then 10 years have a negative yield. You actually have to pay Germany a yield to buy their short term bonds. 10 year German bonds are only yielding 0.09 percent, much less than U.S. 10 year yields at 1.88 percent. 10 year Japanese bonds are also much than U.S. yields at 0.39 percent.

Investors around the world are buying U.S. bonds to get a better yield. As a result of the demand, U.S. bond prices are moving higher and bond yields are moving lower. Most lenders set mortgage rates to 10 year bond yields, when yields decline, mortgage rates also move lower.

Instead of seeing 30 year conforming mortgage rates hit 5.00 percent this year as forecast, we might see 30 year rates stay under 4.00 percent. Average 30 year conforming mortgage rates today are at 3.76 percent, a slight uptick from last week’s average rate of 3.74 percent.

Mortgage Rates Fall Because of Global Bond Yields CrashingAverage 30 year rates are at 3.76 percent but there are many lenders quoting rates below the average. Currently on our mortgage rate list for California, we have one lender quoting 30 year refinance rates at 3.50 percent with 1 mortgage point. When you pay points on a loan you can get a lower rate. You might be able to get an even lower rate by paying more than 1 mortgage point.

Current mortgage rates on 15 year conventional loans are averaging 2.96 percent. Up slightly from last week’s average 15 year rate of 2.94 percent. The best 15 year refinance rates on our rate list for CA is lower at 2.875 percent with 1 mortgage point.

Today’s mortgage rates on 30 year jumbo loans are averaging 3.97 percent, up from the prior week’s average 30 year jumbo rate of 3.94 percent. The best 30 jumbo refinance rates available on our rate list for Washington State are much lower at 3.375 percent with 1 point.

15 year jumbo mortgage rates today are averaging 3.81 percent, up from the previous week’s average rate of 3.52 percent. The lowest 15 year jumbo refi rates available on our rate list for Colorado are almost 1.00 percent lower at 2.875 percent with 1 point.

Compare mortgage refinance rates by using the rate list for the state you live in: Search Mortgage Rates

Author: Brian McKay
April 16th, 2015

Mortgage rates are lower again, following 10 year bond yields lower. Bond yields and mortgage rates declined because of a weak March jobs report. Average 15 year mortgage rates today are at 2.94 percent, down from last week’s average rate of 3.03 percent. Only 126,000 jobs were created in March, much lower than the forecast number of 250,000 jobs.

If we continue to see lackluster job growth in the coming months, the Federal Reserve will probably wait to increase the federal funds rate. This will keep bond yields low, which will prevent mortgage rates from rising much higher from current levels.

Mortgage Rates Today 4 7 15Mortgage rates remaining near record lows wasn’t supposed to happen in 2015. Forecasts were for 30 year rates to move above 4.50 percent by now and hit 5.00 percent by the end of the year. Current mortgage rates on 30 year loans are averaging 3.74 percent, down from last week’s average 30 year rate of 3.80 percent.

It’s very unlikely average 30 year rates will hit 5.00 percent this year. Average 30 year rates varied in other mortgage rate reports available this past week. Freddie Mac’s Weekly Mortgage Rates Survey released April 2, had 30 year rates averaging 3.70 percent. You can view the entire PMMS survey in the chart below:

PMMS Mortgage Rates Survey

The Mortgage Bankers Association’s Weekly Mortgage Application Survey had 30 year rates at 3.89 percent.

Today’s mortgage rates on 30 year jumbo loans are averaging 3.93 percent, down 23 basis points from last week’s average jumbo rate of 4.15 percent. Back in January of this year average 30 year jumbo rates were as high as 4.50 percent. If you’re searching for a jumbo mortgage Investors Home Mortgage is quoting 30 year rates in New Jersey at 3.625 percent with no points.

15 year jumbo mortgage rates are averaging 3.52 percent, down from the previous week’s average 15 year rate of 3.75 percent. The lowest 15 year jumbo refinance rates quoted on our rate table for California are at 2.75 percent with no points.

Adjustable mortgage rates on 5 year conforming loans are averaging 3.03 percent, down from the prior week’s average rate of 3.15 percent. The lowest 5 year adjustable refinance rate on our rate table for Connecticut are at 2.625 percent with no points.

Jumbo adjustable 5 year mortgage rates are higher this week are averaging 3.51 percent. Last week 5 year jumbo rates averaged 3.27 percent. The best 5 year jumbo adjustable rates available on the rate table for Colorado are also at 2.625 percent with no points.

Author: Brian McKay
April 9th, 2015