30 Year Mortgage Rates Fall Back Below 4.00 Percent

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.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 95816, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.128
4.125
USD
Better.com Logo
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $124
Thank you for your quote. 
 
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30 yr fixed Mortgage Loan from Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
3.913
3.750
USD
Better.com Logo
at 1.100 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $2,605
Thank you for your quote. 
 
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30 yr fixed mtg refi Mortgage Loan from Schools First FCU
Schools First FCU
300000
Refinance
4.278
4.250
USD
Schools First FCU

4.278%
4/15/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $995
 
 
30 yr fixed mtg refi Mortgage Loan from First Tech Credit Union
First Tech Credit Union
300000
Refinance
4.275
4.250
USD
First Tech Credit Union

4.275%
4/17/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $898
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of the West
Bank of the West
300000
Refinance
4.523
4.500
USD
Bank of the West

4.523%
4/16/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $793
 
 
30 yr fixed mtg refi Mortgage Loan from Union Bank
Union Bank
300000
Refinance
4.522
4.500
USD
Union Bank

4.522%
4/17/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $771
 
 
30 yr fixed mtg refi Mortgage Loan from Star One Credit Union
Star One Credit Union
300000
Refinance
4.003
4.000
USD
Star One Credit Union

4.003%
4/15/2019
4.000%
at 0.000 pts
45 day lock rate
Est payment: $1,432.25
Fees in APR: $105
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.155
4.125
USD
LincolnWay Community Bank

4.155%
4/16/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from San Diego County Credit Union
San Diego County Credit Union
300000
Refinance
4.304
4.250
USD
San Diego County Credit Union

4.304%
4/17/2019
4.250%
at 0.500 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $434
 
 

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 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