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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 Sat Mar 28, 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
 
Columbia Bank Logo
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
 
Next button
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: None
The Experience is the Difference 
 
Next button
at 0.250 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: None
The Experience is the Difference 
 
Next button
at 1.125 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: None
The Experience is the Difference 
 
Next button
TD Bank, NA

3.371%
3/27/2015
3.300%
at 0.000 pts
60 day lock rate
Est payment: $1,410.20
Fees in APR: $982
 
 
Citizens Bank

3.301%
3/27/2015
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $703
 
 
Bank of America

3.234%
3/23/2015
3.125%
at 0.330 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $850
 
 
Beneficial Bank

3.161%
3/25/2015
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $499
 
 
HSBC Bank USA, N.A.

3.111%
3/25/2015
3.060%
at 0.000 pts
60 day lock rate
Est payment: $1,386.94
Fees in APR: $705
 
 
Raymond James Bank, NA

3.348%
3/25/2015
3.250%
at 0.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $1,354
 
 

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 still near record lows as we head into the spring home buying season. This is good news if you’re planning on buying a home and good news for the housing market in general. 30 year mortgage rates today are averaging 3.80 percent, only 50 basis points from the all-time record low of 3.35 percent set in spring of 2013.

Mortgage rates are expected to increase during 2015, so the sooner you lock in a rate the better off you will be. Forecasts are for conventional 30 year mortgage rates to hit 5.00 percent by the end of 2015. Conventional loans are loans under $417,000.

Low mortgage rates aren’t the only incentive to buy a home right now. Homes are still affordable despite double digit increases in home prices since the housing bust. A recent survey by Realtor.com showed 54 percent of their listings were deemed affordable.

The survey includes a map showing affordability across the United States. Naturally, listings of affordable homes varies across the country. The most affordable areas are clustered in the middle part of the country. The least affordable area was in California’s Central Coast wine territory. Less than 4 percent of existing home listings in the San Luis Obispo–Paso Robles area were affordable.

Mortgage Rates Remain Low Heading into the Spring Home Buying SeasonAverage 15 year conforming mortgage rates are currently at 3.03 percent this week, down 3 basis points from last week’s average rate of 3.06 percent. 15 year rates are also about 50 basis points from record lows set in early 2013. By the end of 2015 average 15 year rates are expected to be near 4.00 percent.

Mortgage rates on all types of loans will be increasing this year and for several years to come. If you’re thinking about buying a home act sooner than later. Home prices are forecast to increase between 5 and 7 percent this year. Mortgage rates are also increasing.

When you take into account the monthly cost of the loan, a lower mortgage rate allows you to buy more home. If you are buying a home, be sure to shop around for the best mortgage rate. The most important thing to consider when comparing mortgages is the mortgage rate. The lower the mortgage rate, the lower your monthly mortgage payments will be.

Other things to consider include mortgage points on the loan. You pay points on a mortgage to buy down the interest rate. Points are equal to a percentage of the loan and are usually quoted in quarter point increments. On our rate table, there are lenders quoting 30 year refinance rates at 3.875 percent with no points and at 3.625 percent with 0.653 points.

Listed below are average mortgage rates for March 24, 2015:

Average Mortgage Rates

  • 30 Year Conforming 3.80%
  • 15 Year Conforming 3.03%
  • 5 Year Conforming ARM 3.15%
  • 30 Year Jumbo 4.15%
  • 15 Year Jumbo 3.75%
  • 5 Year Jumbo ARM 3.27%
Author: Brian McKay
March 24th, 2015

Consumers believe getting a mortgage is a lot easier these days according to Fannie Mae’s National Housing Survey. The share of respondents who believe it would be easy to get a home mortgage today increased to a record-high 54 percent while a survey low 43 percent think it would be difficult to get a mortgage loan.

Doug Duncan, senior vice president and chief economist at Fannie Mae said “continuing improvements in consumer attitudes in this month’s National Housing Survey lend support to our expectation that 2015 will be a year of the economy dragging housing upward.”

A change of attitude toward buying a owning a home combined with near record low mortgage rates should finally get the housing market back on tract in 2015. Mortgage rates are expected to increase throughout the year but rates will still be low historically speaking.

Current mortgage rates on 30 year loans are averaging 3.84 percent, down from last week’s average 30 year rate of 3.89 percent. The lowest 30 year rate available on the rate table is at 3.50 percent with 1 mortgage point.

By the end of 2015, average 30 year rates are forecast to be near 5.00 percent.

Mortgage rates today on 15 year conforming loans are currently averaging 3.06 percent, a decline from the previous week’s average rate of 3.09 percent. The lowest 15 year refinance rates available on the table are at 2.875 percent with 1 mortgage point.

By the end of the year, average 15 year rates are forecast to be near 4.00 percent.

Getting a Mortgage is Easier These Days According to Consumers30 year jumbo mortgage rates this week are averaging 4.27 percent, down 2 basis points from the prior week’s average of 4.29 percent. The lowest 30 year jumbo refinance rates available on the rate table are at 3.625 percent with 1 mortgage point.

30 year jumbo mortgage rates are also forecast to be near 5.00 percent by the end of 2015.

Mortgage rates on 15 year jumbo loans are averaging 4.06 percent, down from last week’s average 15 year rate of 4.10 percent. The lowest 15 year jumbo rates available on the table are much lower at 2.75 percent with 1.125 mortgage points.

Average 15 year rates are forecast to be near 4.75 percent by the end of 2015.

Mortgage interest rates are not only forecast to move higher this year but in the coming years as well. In fact, we might never see the near record low mortgage rates currently available.

 

Author: Brian McKay
March 12th, 2015

Low current mortgage rates combined with improving credit conditions, and other factors sent pending home sales surging in January. While today’s mortgage rates are slightly higher than a month ago rates are only about 50 basis points from record lows set in May 2013.

Mortgage Rates Near Record Lows30 year mortgage rates today are averaging 3.92 percent, down from last week’s average of 3.97 percent. The all-time record low for average 30 year rates was 3.35 percent set in the first week of 2013.

The National Association of Realtors’ Pending Home Sales Index rose 1.7 percent in January, to a 104.2 reading, 8.4 percent above levels from a year ago. The strong number is surprising considering the bad winter most of the Midwest and Northeast had. Another factor constraining home sales is the low inventory of homes available for sale.

Lenders eased loan standards late last year helping home buyers finance purchases. Two mortgage guarantee giants, Freddie Mac and Fannie Mae, also loosed restrictions on loans. A biggest change from Freddie and Fannie was lowering down payment requirements to only 3 percent for some loans.

Easing of standards, an improving economy, higher job growth, and higher wages will also help the housing market in 2015. Working against the housing recovery is the low amount of homes available for sale. In the NAR’s January National Housing Trend Report Inventory homes available for sale fell in January. The decline was rather large falling 6.7 month-over-month and 8.7 percent year-over-year.

The tight supply of homes for sale will force home buyers to compete with each other and that will send home prices higher. If you already own a home, increasing home prices is good news, but not so much if you’re looking to buy a home. NAR’s chief economist, Lawrence Yun, said “home prices in metro areas throughout the country continue to show solid price growth, up 25 percent over the past three years on average.”

Home prices are moving up and mortgage rates are also forecast to increase from current levels. A double whammy to the housing market if prices and rates move up to quickly. Conventional 30 year mortgage rates are expected to be 100 basis points higher from current levels, moving as high as 5.00 percent. 15 year rates are also expected to increase 100 basis points, sending rates above 4.00 percent by the end of 2015.

The good news is the housing recovery will continue in 2015. The bad news is mortgage rates are moving higher in 2015. Higher home prices is a mixed bag, depending on if you’re buying or selling a home.

If you’re thinking of buying, now is the best time to so. If you’re thinking of selling, you might get a better price in the future but higher mortgage rates will work against you. The average buyer can afford less home, maybe netting you a lower selling price.

 

 

 

 

Author: Brian McKay
March 4th, 2015

Mortgage rates move lower again this week, continuing to defy analysts predictions of higher rates. 30 year mortgage rates today are averaging 3.82 percent, a decline from last week’s average 30 year mortgage rate of 3.84 percent. Conforming 15 year rates dropped from 2.99 percent to 2.96 percent.

We will see average rates increase this week because 10 year bond yields moved sharply higher. A week 10 year yields hit a low of 1.78 percent and today yields are at 1.99 percent. On February 2nd, 10 year yields hit a 2015 low of 1.67 percent.

Although 10 year yields increased 32 basis points over the past week, average mortgage rates won’t increase by the same amount. The reason being, earlier in 2015 lenders didn’t decrease mortgage rates as much as 10 year bond yields dropped.

From late December 2014 until early February 2015 10 year yields dropped from 2.26 percent to 1.67 percent, a 59 basis point decrease. During the same time, average 30 year mortgage rates dropped from 4.08 percent to 3.82 percent, only a 26 basis point decrease.

30 year rates will move higher this week, probably in the range of 3.95 percent to 4.00 percent. Remember, these rates are average rates, there are lenders quoting rates below and above the average. The lowest 30 year refinance rates on our rate list are at 3.75 percent with points.

15 year conforming rates will also increase this week and move back above 3.00 percent. This will be the first time in several weeks that average 15 year rates are above 3.00 percent. Rates will move into a range of 3.05 percent to 3.10 percent.

Current mortgage rates on 30 year jumbo loans are averaging 4.40 percent, an increase from the previous week’s average 30 year jumbo rate of 4.38 percent. The lowest 30 year jumbo refinance rates on the rate table are much lower at 3.625 percent with no mortgage points.

Today’s 15 year jumbo mortgage rates are averaging 4.17 percent, down from the prior week’s average 15 year rate of 4.19 percent. The best 15 year jumbo refi rates quoted on our rate table are almost 150 basis points lower at 2.75 percent with 1.75 points.

Rates will be moving higher in 2015 but rates are still low historically speaking. Low rates continue to support the housing market recovery. Fannie Mae has forecast a robust housing market in 2015. New home sales, existing home sales, and home prices are all forecast to increase in 2015.

By the end of 2015 Fannie Mae also forecasts 30 year mortgage rates will only be averaging 4.20 percent, not much higher from current levels. If you’re thinking about buying a home 2015 will be a good year to do so.

Author: Brian McKay
February 11th, 2015

Mortgage rates hit a new low in 2015, defying experts’ forecast of higher rates. Average 30 year mortgage rates today are at 3.84 percent, down from the prior week’s average 30 year rate of 3.89 percent. We were supposed to see 30 year rates above 5.00 percent in the first quarter of 2015, but just the opposite has occurred.

Mortgage rates headed lower instead of higher in 2014 and thusfar in 2015 as a result of bond rates moving lower. 10 year bond rates were forecast to be about 3.00 percent in the first quarter of 2015. Instead, 10 year bond yields are down 7 basis points to 1.75 percent this morning.

In fact, 10 year bond yields are only 8 basis points above the all-time record low set in early 2013. This second round of low rates is starting to set off another refinance boom. Homeowners are taking advantage of record low rates and refinancing their home loans to lower their monthly mortgage payments.

Low mortgage rates combined with a strengthening economy are expected to help the housing market. Home sales and home prices are expected to increase in 2015. Fannie Mae released a report entitled “2015 Economic Outlook: Economy Drags Housing Upward,” which supports this view.

Purchases of new homes in the United States has increased to the highest point in over 6 years. The Commerce Department said that new home sales increased 11.6 percent in December to 481,000, the most since June 2008. This is yet another positive sign for the housing market in 2015.

It will also be easier to get a mortgage in 2015 because the Federal Housing Finance Agency, the overseer to Freddie Mac and Fannie Mae, loosened mortgage restrictions. Lower down payments and lower mortgage insurance requirements are all designed to help make homes more affordable for first-time homebuyers.

All of this is positive news for the housing market. The National Association of Home Builders released an interesting report on housing trends and Millennals. As first-time buyers, they will demand smaller, more affordable homes. You can read the entire report: Millennials Seek Smaller Houses, But Won’t Sacrifice Details, Panelists Say.

First time homebuyers, Millennials in particular, were absent from the housing recovery. Millennials are expected to enter the housing market in larger numbers in 2015 and are expected to drive the building trend towards smaller housing.

If you have been thinking about buying a home but have been waiting on the sidelines, you should purchase in 2015. Mortgage rates and home prices will be moving higher in 2015 and in the coming years. The same size home purchased later will cost you more as home prices and mortgage rates move higher.

Author: Brian McKay
January 28th, 2015