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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 Mon Aug 31, 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
 
at 0.000 pts
31 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
 
Next button
Firstrust Bank Logo
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: $772
 
 
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Best Rate USA Logo
at 0.000 pts
46 day lock rate
Est payment: $1,380.20
Fees in APR: None
The direct lender to call for great rates and superior service. 
 
Next button
at 0.000 pts
31 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
Next button
Firstrust Bank Logo
at 1.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: $772
 
 
Next button
at 1.000 pts
31 day lock rate
Est payment: $1,369.17
Fees in APR: None
 
 
Next button
at 0.125 pts
31 day lock rate
Est payment: $1,369.17
Fees in APR: $750
 
Next button
at 2.000 pts
31 day lock rate
Est payment: $1,357.24
Fees in APR: None
 
 
Next button
at 1.125 pts
31 day lock rate
Est payment: $1,369.17
Fees in APR: None
 
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Valley National Bank

3.417%
8/28/2015
3.375%
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $577
 
 
Santander Bank, N.A.

3.393%
8/31/2015
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $1,967
 
 
Raymond James Bank, NA

3.599%
8/25/2015
3.500%
at 0.000 pts
45 day lock rate
Est payment: $1,429.77
Fees in APR: $1,354
 
 
Citizens Bank

3.426%
8/28/2015
3.375%
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $703
 
 
Regent Bank

3.069%
8/27/2015
3.000%
at 0.000 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: $955
 
 
HSBC Bank USA, N.A.

3.426%
8/26/2015
3.375%
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $705
 
 
Bank of America

3.194%
8/31/2015
3.125%
at 0.050 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $850
 
 
Fulton Bank of New Jersey

3.308%
8/31/2015
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $807
 
 
TD Bank, NA

3.473%
8/28/2015
3.400%
at 0.000 pts
60 day lock rate
Est payment: $1,419.96
Fees in APR: $997
 
 

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.




Average 30 year mortgage rates remain under 4.00 percent this week, continuing to defy the experts who expected higher rates by now. Conforming 30 year mortgage rates fell to 3.90 percent, down from the prior week’s average rate of 3.97 percent.

30 year mortgage rates under 4.00 percent wasn’t supposed to happen by August 2015. Earlier this year, analysts were forecasting 30 year rates to almost be near 5.00 percent. Chances are 30 year rates won’t hit 5.00 percent by the end of this year. A more likely scenario is for 30 year rates to be under 4.50 percent.

Low rates is fueling demand for home loans. The Mortgage Bankers Association reported mortgage application volume, for both loan refinancing and home purchases, increased 3.6 percent week over week on a seasonally adjusted basis for the week ending August 14, 2015.

Refinance rates under 4.00 percent has created a mini-boom for refinancing loans. Refinance applications surged 7 percent from the prior week, reaching the highest level since May according to the Mortgage Bankers Association. The best 30 year refinance rates on our rate list are at 3.50 percent with 2 mortgage points. The best refi rate without points is at 3.75 percent.

Rates are eventually moving higher so if you’re thinking about refinancing your mortgage do so sooner than later. The conventional wisdom is it makes financial sense to refinance if current rates are at least 1.00 percent below your current mortgage rate. Of course refinancing to a short term loan also makes sense even if the rate is less than or even higher than your current mortgage rate.

Mortgage rates today on 15 year conforming loans are currently averaging 3.03 percent, down from last week’s average 15 year rate of 3.05 percent. Average 15 year rates will probably fall below 3.00 percent this week because 10 year bond yields continue to decline.

Today’s mortgage rates on 30 year jumbo loans are averaging 4.29 percent, up 1 basis point from last week’s average 30 year jumbo rate. The best 30 year jumbo refinance rates on our rate list are also at 3.50 percent but with only 0.88 mortgage points. The best 30 year jumbo rate without points is at 3.75 percent.

15 year jumbo mortgage rates are averaging 3.74 percent this week, a decline from the previous week’s average 15 year rate of 3.86 percent. The best 15 year jumbo refinance rates on our rate list are well below the average. The lowest 15 year rate is at 2.875 percent with 1.10 points and the lowest rate without points is at 3.25 percent.

 

Author: Brian McKay
August 20th, 2015

Higher mortgage rates that were supposed to come in 2015 have yet to materialize. Average 30 year mortgage rates have fallen back below 4.00 percent this week, far below where rates were forecast to be this time of year. 30 year rates were forecast to be between 4.50 percent and 4.75 percent in the third quarter of 2015.

The decline in global equity markets, including a 8 percent decline in Chinese stock prices last Monday, is the reason for the decline. The classic flight to quality drove U.S. Treasury yields down nearly 5 basis points, sending average 30 year mortgage rates down 8 basis points.

Average Mortgage Rates August 2 201530 year mortgage rates today are averaging 3.97 percent, a decline from last week’s average 30 year mortgage rate of 4.05 percent. The lowest 30 year refinance rates quoted by lenders on our rate list are at 3.75 percent with 1 mortgage point. The lowest refinance rate without points is still under the average at 3.875 percent.

Mortgage points allow a borrower to get a lower mortgage rate by paying money upfront. 1 mortgage point is equal to one percent of the loan amount.

Current mortgage rates on 15 year conforming loans are averaging 3.05 percent, down from last week’s average 15 year mortgage rate of 3.11 percent. The lowest 15 year conforming refinance rates on our rate list for California are considerably lower than the average. The best rate with points is at 2.625 percent and the best rate without points is at 2.875 percent.

Today’s mortgage rates on 30 year jumbo loans are averaging 4.28 percent, a decline from the previous week’s average 30 year jumbo rate of 4.35 percent. The lowest 30 year jumbo refinance rates available on our rate list for Maryland are at 3.625 percent with no points.

Average 15 year jumbo mortgage rates are at 3.86 percent this week, down from an average of 3.94 percent last week. The best 15 year jumbo rates available on our rate list for Connecticut are currently at 2.99 percent with 1.125 points. The lowest 15 year rate without points is at 3.125 percent.

Conventional 5 year adjustable mortgage rates are averaging 3.06 percent, down from an average rate of 3.10 percent last week. The lowest 5 year adjustable refinance rates available on our rate list for Texas are at 2.50 percent with no points.

Jumbo 5 year adjustable rates are also down this week averaging 3.52 percent, a decline from last week’s average of 3.58 percent. The best 5 year jumbo rates available on our rate list for Colorado are at 2.50 percent with 1.10 percent. The best rate without points is still way below the average at 2.75 percent.

Author: Brian McKay
August 2nd, 2015

30 year mortgage rates today are averaging 4.12 percent, down 15 basis points from last week’s average rate of 4.27 percent. Rates are expected to increase this week because 10 year U.S. Treasury yields moved sharply higher. 20 year Treasury yields increased 25 basis points since last Wednesday on hopes of a Greek bailout deal. A deal was reached this morning and as a result, 10 year bond yields are up another 5 basis points to 2.45 percent.

Lenders set mortgage rates based on 10 year bond yields so when yields move higher, mortgage rates also move higher. By the end of this week, average 30 year mortgage rates will be back above 4.25 percent. Historically speaking, 30 year rates around 4.00 percent are still incredibly low.

Now that the Greek issue has been resolved, markets will be focused on when the Federal Open Market Committee increases the fed funds rate. Mortgage rates are not directly tied to the fed funds rate but Treasury yields are. When the FOMC increases the fed funds rate, Treasury yields will increase and then mortgage rates will increase.

The general consensus was for the FOMC to increase the fed funds rate during their September meeting. Recent economic data released might force the FOMC to wait until their October or December meeting to increase the rate. If this scenario plays out, we may see 30 year mortgage rates around 4.00 percent for the rest of 2015.

Average Mortgage Rates July 13 2015While the average for 30 year rates is above 4.00 percent, there are many lenders still quoting 30 year rates below 4.00 percent. Right now on our mortgage rate list for California, we have Pentagon Federal Credit Union quoting 30 year refinance rates at 3.75 percent with 1 point. We also have two other lenders quoting 30 year refi rates below 4.00 percent.

Current mortgage rates on 15 year conforming loans are averaging 3.13 percent, down from the prior week’s average rate of 3.22 percent. If the FOMC puts off a September rate increase, average 15 year rates will probably remain around 3.00 percent for the rest of 2015. The best 15 year refinance rates available on our rate list for Florida are just under 3.00 percent.

30 year jumbo mortgage rates are averaging 4.39 percent, down slightly from last week’s average 30 year jumbo rate of 4.42 percent. Jumbo rates are also affected by bond yields, so we expect 30 year jumbo rates to remain near current levels for the rest of 2015. The best 30 year jumbo refinance rates available on our rate list for Connecticut are at 3.75 percent with no points.

Today’s mortgage rates on 15 year jumbo loans are averaging 3.85 percent, down 1 basis point from the previous week’s average 15 year jumbo rate. 15 year jumbo rates will also stay under 4.00 percent for the rest of this year if the FOMC waits on a rate increase. The lowest 15 year jumbo rates on our rate list are currently at 2.99 percent.

Author: Brian McKay
July 13th, 2015

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