Current Mortgage Rates Today – 30 Year Rates Averaging 4.12 Percent

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.

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 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 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 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 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
 
 
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
 
 

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.





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