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Mortgage Rates| Compare Current Mortgage Rates TodaySearch 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 Tue Sep 27, 2016
Lender
APR
Rate
Cost & Fees
Notes
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A QUARTER CENTURY OF EXCELLENCE. NMLS# 3294.
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A QUARTER CENTURY OF EXCELLENCE. NMLS# 3294.
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Thank you for your inquiry, we will be in touch shortly.
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A QUARTER CENTURY OF EXCELLENCE. NMLS# 3294.
Thank you for your inquiry, we will be in touch shortly.
LincolnWay Community Bank 2.828%
9/20/2016
2.750%
at 0.000 pts
30 day lock rate Est payment: $1,357.24
Fees in APR: $1,085
Popular Community Bank 2.865%
9/27/2016
2.670%
at 1.000 pts
30 day lock rate Est payment: $1,349.64
Fees in APR: $720
OneWest Bank, FSB 3.415%
9/21/2016
3.250%
at 0.270 pts
60 day lock rate Est payment: $1,405.34
Fees in APR: $1,727
BBVA Compass 3.027%
9/26/2016
2.750%
at 1.375 pts
60 day lock rate Est payment: $1,357.24
Fees in APR: $1,085
IAB Financial Bank 3.060%
9/21/2016
3.000%
at 0.000 pts
30 day lock rate Est payment: $1,381.16
Fees in APR: $828
Bank of the West 3.182%
9/27/2016
3.125%
at 0.000 pts
60 day lock rate Est payment: $1,393.22
Fees in APR: $793
First Citizens Bank 2.810%
9/26/2016
2.750%
at 0.000 pts
45 day lock rate Est payment: $1,357.24
Fees in APR: $842
Union Bank 3.556%
9/21/2016
3.500%
at 0.000 pts
60 day lock rate Est payment: $1,429.77
Fees in APR: $771
Armed Forces Bank, N.A. 3.072%
9/21/2016
3.000%
at 0.000 pts
30 day lock rate Est payment: $1,381.16
Fees in APR: $999
Raymond James Bank, NA 3.348%
9/27/2016
3.250%
at 0.000 pts
45 day lock rate Est payment: $1,405.34
Fees in APR: $1,354
First Tech Credit Union 2.814%
9/21/2016
2.750%
at 0.000 pts
30 day lock rate Est payment: $1,357.24
Fees in APR: $899
San Diego County Credit Union 3.161%
9/21/2016
3.125%
at 0.000 pts
60 day lock rate Est payment: $1,393.22
Fees in APR: $499
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. If you haven’t heard the news, the Federal Open Market Committee declined to raise the fed funds rate list week. This is good news for those looking to buy a home or refinance a mortgage, as current mortgage rates will stay near record lows for now. Mortgage rates are not directly tied to the federal funds rate but indirectly tied. When the federal funds rate is increased, bond yields usually increase. Lenders tie mortgage rates to 10 year bond yields, as 10 year bond yields rise, lenders adjust mortgage rates higher. 30 year fixed conforming mortgage rates are currently at 3.51 percent, up from last week’s average mortgage rate of 3.46 percent. 30 year rate moved higher last week but are only about 25 basis points above all-time record lows set a few years ago. A decade ago, 30 year mortgage rates were in the 6 to 7 percent range. Back in the early 1980’s the all-time record high for 30 year mortgage rates was just above 17 percent. Average 30 year rates are at 3.51 percent today but there are lenders quoting 30 year rates well below the average. The best 30 year refinance rates on our rate list right now are at 3.00 percent with points. The best rates without points are still below the average at 3.25 percent. Mortgage points allow the borrower to get a lower mortgage rate by paying money up front. Each mortgage point is equal to 1 percent of the loan amount. To see how low mortgage rates are in your area search our rate lists at MortgageRates.RatesoRama.com. Mortgage rates moved higher this week, following 10 year bond yields higher as a result of a strong July employment report. Last Friday, July’s Nonfarm Payroll numbers showed 255,000 jobs were created in July, 75,000 more jobs than were expected. 10 year bond yields shot back above 1.50 percent on the strong report and went as high as 1.60 percent. Last Friday, 30 year conforming mortgage rates were averaging 3.38 percent. Today 30 year conforming rates are higher, averaging 3.56 percent. Even with the 18 basis point increase, average 30 rates are not much higher than the all-time low of 3.31 percent set late in 2012. Right now, there are a few lenders on our mortgage rates list quoting 30 year refinance rates below the all-time low of 3.31 percent. The lowest 30 year refinance rate on our rate list for California is quoted at 3.125 percent with 1 mortgage point from HomePlus. The lowest 30 year rate without points on our rate list is also from HomePlus at 3.375 percent, just above the all-time record low of 3.31 percent. 15 year mortgage rates today are currently averaging 2.69 percent, up from the previous week’s average 15 year rate of 2.66 percent. Checking on our 15 year rate list for California, HomePlus is also offering the lowest 15 year refinance rates at 2.375 percent with 1 mortgage point. The lowest 15 year rate without points is also from HomePlus at 2.625 percent. 30 year jumbo mortgage rates are currently averaging 3.86 percent, up 5 basis points from last week’s average rate of 3.81 percent. The best 30 year jumbo refinance rates on our rate list for Colorado are much lower at 3.25 percent with 1 mortgage point from Sebonic Financial. The lowest 30 year jumbo rate without points is from Regent Bank at 3.75 percent. 15 year jumbo mortgage rates are averaging 3.36 percent, an increase from last week’s average 15 year jumbo rate of 3.29 percent. The best 15 year jumbo mortgage rates on our rate list for New York are currently at 2.625 percent with no points from Teachers Federal Credit Union. You can search for and compare mortgage rates in your state from many lenders by searching our rate lists at MortgageRates.RatesORama.com. As we expected, average mortgage rates are down again this week and are just above record lows set in 2012. The catalyst for sending mortgage rates near record lows was the Brexit vote to leave the European Union. Just after the vote, we wrote an article entitled Brexit Will Send U.S. Mortgage Rates to New Lows, predicting mortgage rates will head down to all-time lows on the vote and we are just about there. Average 30 year mortgage rates were at 3.55 percent right after the vote and are now at 3.44 percent. The all-time record low for average 30 year mortgage rates is 3.31 percent set in the fourth quarter of 2012. You can already find lenders quoting 30 year rates with points below the all-time low of 3.31 percent below and lower than today’s average of 3.44 percent and below. The lowest 30 year refinance rates for California is from Sebonic Financial at 2.875 percent with 1.10 mortgage points. The lowest quoted rate without points on our rate list for CA is at 3.25 percent, still below the current average rate and below all-time record low of 3.31 percent. Average 15 year mortgage rates are down considerably since the Brexit vote. The current average 15 year mortgage rate is at 2.68 percent, down 8 basis points from last week’s average rate of 2.76 percent. As with 30 year rates, lenders are quoting 15 year mortgage rates well below the current average rate. Sebonic Financial is also offering the lowest 15 year rates. This lender is currently quoting 15 year refinance rates at 2.125 percent with 1.10 points. Sebonic Financial is also offering 15 year rates at 2.25 percent with 0.10 points and at 2.50 percent with no points. You can search for and compare mortgage rates for home purchases and refinance rates by using our rate lists. No contact information is required to see a list of mortgage rates, unlike most comparison mortgage rate websites. Since voters in the United Kingdom voted to leave the European Union, bond yields have plummeted. Before the vote, 10 year U.S. bond yields were at 1.73 percent, today 10 year yields are down another 10 basis points to 1.48 percent. During the past week, average 30 year mortgage rates also plummeted. Last Thursday before the vote, 30 year mortgage rates were averaging 3.73 percent, today 30 year rates are averaging 3.55 percent. We expect average 30 year rates to fall even further this week, likely below 3.50 percent and as low as 3.40 percent. Mortgage lenders are already offering 30 year conforming mortgage rates below 3.50 percent. On the California mortgage rate list, the lowest 30 year mortgage rate available is from Sebonic Financial at an incredibly low rate of 3.00 percent with 1.10 mortgage points. The lowest rate without points is currently at 3.375 percent. By the end of this week, the lowest rates available with points will fall below 3.00 percent and the lowest rates without points will be at 3.25 percent or below. If equity markets continue to decline in the coming weeks, bond yields will hit new lows and as a result, mortgage rates will also hit new lows. Sebonic Financial is quoting competitive 30 year mortgage rates that are 20 basis points below the current average 30 year rate. Sebonic Financial is currently offering 30 year conforming mortgage rates at 3.375 percent with 2 mortgage points. Average 30 year mortgage rates today are at 3.68 percent. Sebonic is also quoting 30 year rates at 3.50 percent with 1 mortgage point. Mortgage points allow the borrower to buy down the mortgage rate by paying money upfront. 1 mortgage point is equal to 1 percent of the loan amount. The more points you’re willing to pay upfront, the lower the mortgage rate you will receive. Sebonic is also quoting conforming 15 year rates below the average 15 year rate. Today’s 15 year mortgage rates are averaging 2.79 percent. Sebonic is quoting 15 year rates at 2.625 percent with 2 points and at 2.75 percent with 1 mortgage point. Cardinal Financial Company is doing business as Sebonic Financial. The company was formed in Pennsylvania in 1987 and is currently based in Charlotte, North Carolina. You can view more information about the company in the NMLS Consumer Access database. The company’s NMLS ID is 66247. |
RatesORama.com Average Mortgage Rates
Banking ArticlesNo Fed Rate Hike is Good News for Mortgage RatesMortgage Rates Move Higher This WeekAverage Mortgage Rates Near Record Lows on BrexitBrexit Will Send U.S. Mortgage Rates to New LowsSebonic Financial Quoting 30 Year Conforming Mortgage Rates at 3.375%Annie Mac 15 Year Mortgage Rate Quoted at 2.49% with 1.94 PointsCompetitive Mortgage Rates from Capital One, N.A.Mortgage Rates Will Fall Further as Bond Yields Tumble to One Year LowsSavings Bank of Danbury Mortgage RatesWebster Bank Mortgage Rates – Current 5/1 ARM as low as 1.875 PercentLow Mortgage Rates are Still AvailableLow Mortgage Rates Will Make Homes More Affordable in 20162.25% Mortgage Rate from LenderFi on 5/1 Conforming ARMCompetitive Refinance Rates from Garden State Home LoansLender’s Rates – Lowest 30 Year Conforming Mortgage Rates at 3.375 PercentLowest 15 Year Mortgage Rates Down to 2.50%Mortgage Rates Decline Again This Week: Average 15 Year Rate Under 3.00%3.84% – 30 Year Mortgage Rates Down Again This WeekMortgage Rates Remain Under 4.00 Percent – Lowest Rate at 3.50 Percent with 2 Points30 Year Mortgage Rates Fall Back Below 4.00 PercentCurrent Mortgage Rates Today – 30 Year Rates Averaging 4.12 PercentMortgage Rates at Highest Level This Year – Average 30 Year Rates at 4.27%Mortgage Rates Decline After Three Consecutive Weeks of IncreasesMortgage Rates Hold Steady This Week as 10 Year Bond Yields Rise Above 2.25%Mortgage Rates Remain Low Because of Global Bond Yields FallingMortgage Rates Fall Again – 15 Year Mortgage Rates Today Under 3.00 PercentMortgage Rates Remain Low For the Spring Home Buying SeasonGetting a Mortgage is Easier These Days According to ConsumersNear Record Low Mortgage Rates Sends Pending Home Sales Surging30 Year Mortgage Rates Hit New Low for 2015Low Mortgage Rates and Other Factors Will Help Housing in 2015Third Federal Savings & Loan 5 Year Adjustable Mortgage Rates at 2.99 PercentNear Term Direction of Mortgage Rates Depends on Jobs ReportLow Mortgage Rates and Lenders Easing Financing Standards Will Help Housing in 2015Mortgage Rates Continue to Decline, Average 30 Year Rates Below 4.00 PercentArchivesBank CD RatesCD Rates Savings Accounts Mortgage Rates Banking ResourcesCD (Certificate of Deposit) Rates |
