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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
 NMLS # 1168 State Lic # 11309
10/23/2020
Direct Lender. Billions Funded.
NMLS # 1168 State Lic # 11309
10/23/2020
Direct Lender. Billions Funded.
NMLS # 1168 State Lic # 11309
10/23/2020
Direct Lender. Billions Funded.
 NMLS # 3030
10/23/2020
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 NMLS # 3030
10/23/2020
From the lender: We can close your loan in less than a month!
NMLS # 3030
10/23/2020
From the lender: We can close your loan in less than a month!
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RatesORama.com Average Mortgage Rates
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