Higher Mortgage Rates Don’t Dampen Demand for Home Loans: Today’s 30 Year Refinance Rates at 3.48 Percent

Higher mortgage rates this past couple of weeks hasn't dampened demand for home loans as home-buyers return to the market. Over the past several years mortgage rates have fallen to record lows thanks to a slow economy and the Federal Reserve's policies to drive rates lower. Today's refinance rates on 30 year conforming loans are averaging 3.48 percent but are expected to move lower in the month of February.

In the mortgage rates survey for the week ending January 24, 2013, released by Freddie Mac, fixed conforming 30 year mortgage rates averaged 3.42 percent with 0.7 point. The average 30 year mortgage rate is up from the prior week's average rate of 3.38 percent.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
3.812
3.750
USD
First Midwest Bank Logo
at 0.750 pts
60 day lock rate
Est payment: $1,389.35
Fees in APR: None
 
 
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30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
3.875
3.875
USD
First Midwest Bank Logo
at 0.000 pts
60 day lock rate
Est payment: $1,410.71
Fees in APR: None
 
 
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30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
3.727
3.625
USD
First Midwest Bank Logo
at 1.250 pts
60 day lock rate
Est payment: $1,368.15
Fees in APR: None
 
 
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30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.306
4.250
USD
State Department Federal Credit Union

4.306%
5/20/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.169
4.125
USD
Northwest Federal Credit Union

4.169%
5/22/2019
4.125%
at 0.500 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.295
4.250
USD
Bank of Oak Ridge

4.295%
5/23/2019
4.250%
at 0.250 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.306
4.250
USD
Santander Bank, N.A.

4.306%
5/23/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.030
4.000
USD
LincolnWay Community Bank

4.030%
5/21/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.537
4.500
USD
Raymond James Bank, NA

4.537%
5/21/2019
4.500%
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.213
4.125
USD
Virginia Credit Union

4.213%
5/21/2019
4.125%
at 0.500 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.219
4.125
USD
Apple Federal Credit Union

4.219%
5/22/2019
4.125%
at 1.000 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.427
4.375
USD
Citizens Bank, NA

4.427%
5/24/2019
4.375%
at 0.125 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,466
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.103
4.000
USD
Bank of America

4.103%
5/22/2019
4.000%
at 0.798 pts
60 day lock rate
Est payment: $1,432.25
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.403
4.375
USD
Fulton Bank, NA

4.403%
5/21/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,007
 
 

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.





There are many lenders out there quoting mortgage rates today on 30 year conforming loans below the average rates. On our Florida mortgage refinance rates list the lowest rates quoted right now are from Aimloan.com at 2.875 percent with 1.734 mortgage points. The lowest Florida refinance rates without points o our list are also from Aimloan at 3.125 percent.

Conventional 15 year mortgage rates were also higher in Freddie Mac's survey for the week ending January 24, 2013. The average 15 year mortgage rate was at 2.71 percent with 0.7 point. In the prior week's survey 15 year rates averaged 2.66 percent with 0.7 point. There are many lenders offering 15 year mortgage refinance rates well below the average with points and without points.

The lowest 15 year California mortgage rates in our database are at 2.25 percent with 1.097 mortgage discount points. If you don't want to pay points on a home loan the lowest California rate we have without points is also at 2.25 percent. You can find 15 year refinancing rates in our database as low as 2.25 percent in most other states.

Average adjustable mortgage interest rates were unchanged in this week's mortgage rate survey. Average 5 year adjustable mortgage rates were at 2.67 percent with 0.5 mortgage points. Average 1 year adjustable mortgage interest rates were at 2.57 percent with 0.5 points.

If you're thinking about getting a 5 year adjustable loan we have lenders offering rates well below the average of 2.67 percent. Current mortgage rates on 5 year loans in the state of Texas can be found as low as 1.50 percent! Wow, can you believe that incredibly low rate? Amerisave is offering 5 year adjustable refinance rates at 1.50 percent with 1.865 points. The lowest Texas refinance rates without points are also from Amerisave at 2.125 percent.
Author: Monica Harris
January 25th, 2013