30 Year Mortgage Rates Decline 15 Basis Points

30 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.

Loan Type Purchase    Refinance	Location State/City    Zip Code		Loan Amt	Points	FICO	% Down
30 year fixed refi 15 year fixed refi 10 year fixed refi 20 year fixed refi 5 year ARM refi 7 year ARM refi 10 year ARM refi 3 year ARM refi 5 year ARM refi I/O 7 year ARM refi I/O 3 year ARM refi I/O	AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY    Bridgeport Danbury Hartford New Haven Stamford Torrington		$	All 0 0.1 - .5 .6 - 1 1.1 - 1.5 1.6 - 2 2.1 - 2.5 2.6 - 3	350 - 619 620 - 639 640 - 659 660 - 679 680 - 699 700 - 719 720 - 739 740 - 850	5% 10% 15% 20% 25% 30% 40%

in 06101, All points, 740    Sort by: Default Lender APR Rate Fees in APR Payment Points

Lender

APR

Rate

Cost & Fees

Notes

 

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.503%

2.500%

USD

NMLS # 1168
State Lic # 11309

2.503%

01/28/2021

2.500%

at 0.000 pts
30 day lock rate

Est payment: $1,186

Fees in APR: $117

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.369%

2.250%

USD

NMLS # 1168
State Lic # 11309

2.369%

01/28/2021

2.250%

at 1.625 pts
30 day lock rate

Est payment: $1,147

Fees in APR: $4,794

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.442%

2.375%

USD

NMLS # 1168
State Lic # 11309

2.442%

01/28/2021

2.375%

at 0.875 pts
30 day lock rate

Est payment: $1,166

Fees in APR: $2,664

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.319%

2.125%

USD

NMLS # 1168
State Lic # 11309

2.319%

01/28/2021

2.125%

at 2.625 pts
30 day lock rate

Est payment: $1,128

Fees in APR: $7,872

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.369%

2.250%

USD

NMLS # 1168
State Lic # 11309

2.369%

01/28/2021

2.250%

at 1.625 pts
30 day lock rate

Est payment: $1,147

Fees in APR: $4,794

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.503%

2.500%

USD

NMLS # 1168
State Lic # 11309

2.503%

01/28/2021

2.500%

at 0.000 pts
30 day lock rate

Est payment: $1,186

Fees in APR: $117

Direct Lender. Billions Funded.

 

Next

PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation

https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif

300000

Purchase

2.442%

2.375%

USD

NMLS # 1168
State Lic # 11309

2.442%

01/28/2021

2.375%

at 0.875 pts
30 day lock rate

Est payment: $1,166

Fees in APR: $2,664

Direct Lender. Billions Funded.

 

Next

Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.