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30 Year Mortgage Rates Decline 15 Basis Points30 year mortgage rates today made a new low for 2016 by falling 15 basis points. Average 30 year mortgage rates declined to 3.36 percent, down from last week's average rate of 3.51 percent. 30 year rates are now only 5 basis points from an all-time record low set in 2012, according to MonitorBankRates.com. Today's employment report was weaker than expected and may drive mortgage rates to a new record low next week. Lenders are already quoting 30 year refinance rates with points below the record average low. The best 30 year refinance rate on our rate list is at 3.125 percent with 1.10 points from Better Mortgage. Today's mortgage rates on 15 year conforming loans are averaging 2.63 percent, a decline from the previous week's average rate of 2.69 percent. The lowest 15 year conforming refinance rate available on our rate list is also below the average at 2.375 percent with 1 point. 5/1 adjustable mortgage rates are back under 3.00 percent, falling this week to 2.92 percent. Last week 5/1 adjustable rates were averaging 3.04 percent. The lowest 5 year adjustable refinance rate on our rate list is well below the average at 2.375 percent with 1.10 points. Current mortgage rates on 30 year jumbo loans are averaging 4.35 percent, down 16 basis points from last week's average 30 year jumbo rate of 4.51 percent. The best 30 year jumbo refinance rates on our rate list are much lower than the average at 3.25 percent with 2 mortgage points from Capital One. 15 year jumbo mortgage rates are currently averaging 2.67 percent, down from the prior week's average 15 year rate of 2.78 percent. The lowest 15 year refinance rate on our rate list is at 2.625 percent with two mortgage points. 5/1 jumbo adjustable mortgage rates are averaging 3.85 percent, a decline from 3.97 percent last week. The best 15 year jumbo refi rate on our rate list is at 2.375 percent with 2 mortgage points from Midwest Equity Mortgage. You can search for the lowest mortgage refinance rates in the state you live in by searching our rate list at MortgageRates.RatesORama.com.
Lender
APR
Rate
Cost & Fees
Notes
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Santander Bank, N.A. 4.683%
1/18/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $2,004
Fulton Bank, NA 4.697%
1/15/2019
4.625%
at 0.500 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,007
Apple Federal Credit Union 4.596%
1/16/2019
4.500%
at 1.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $352
Bank of America 4.341%
1/16/2019
4.250%
at 0.644 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $1,289
Virginia Credit Union 4.579%
1/15/2019
4.500%
at 0.375 pts
45 day lock rate Est payment: $1,520.06
Fees in APR: $1,650
Bank of Oak Ridge 4.420%
1/17/2019
4.375%
at 0.250 pts
60 day lock rate Est payment: $1,497.86
Fees in APR: $853
Northwest Federal Credit Union 4.692%
1/17/2019
4.625%
at 0.750 pts
45 day lock rate Est payment: $1,542.42
Fees in APR: $79
State Department Federal Credit Union 4.557%
1/14/2019
4.500%
at 0.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $2,000
LincolnWay Community Bank 4.406%
1/15/2019
4.375%
at 0.000 pts
30 day lock rate Est payment: $1,497.86
Fees in APR: $1,085
Citizens Bank, NA 4.687%
1/18/2019
4.625%
at 0.250 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,408
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. |
RatesORama.com Average Mortgage Rates
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