Mortgage Rates Continue to Decline, Average 30 Year Rates Below 4.00 Percent

Mortgage rates continue to decline as average 30 year mortgage rates fell below 4.00 percent for the first time in 2014. Lower mortgage rates this year weren't supposed to happen. Analysts predicted average 30 year rates would head towards 5.00 percent in 2014. Even the most recent forecasts had average 30 year rates above 4.50 percent.

Where 30 year rates end up before the year is over remains to be seen but rates will most likely remain under 4.50 percent, once again defying the analysts. 30 year mortgage rates are currently averaging 3.98 percent, down from the prior week's average rate of 4.05 percent. The best 30 year refinance rates available this week are at 3.75 percent with points. The best 30 year refinance rate without points is at 3.875 percent.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 23223, All points, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.660%
3.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 2.000 pts
45 day lock rate
Est payment: $1,348
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.073%
3.990%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 1.000 pts
45 day lock rate
Est payment: $1,431
Fees in APR: $3,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.500%
4.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 0.000 pts
45 day lock rate
Est payment: $1,521
Fees in APR: None
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.353%
3.250%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/18/2019
at 1.250 pts
30 day lock rate
Est payment: $1,306
Fees in APR: $3,903
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.660%
3.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 2.000 pts
45 day lock rate
Est payment: $1,348
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.073%
3.990%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 1.000 pts
45 day lock rate
Est payment: $1,431
Fees in APR: $3,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.281%
3.125%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/18/2019
at 2.000 pts
30 day lock rate
Est payment: $1,286
Fees in APR: $5,961
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.524%
3.500%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/18/2019
at 0.250 pts
30 day lock rate
Est payment: $1,348
Fees in APR: $903
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.750%
3.750%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/18/2019
at 0.000 pts
30 day lock rate
Est payment: $1,390
Fees in APR: ($153)
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.500%
4.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/18/2019
at 0.000 pts
45 day lock rate
Est payment: $1,521
Fees in APR: None
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.430%
3.375%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/18/2019
at 0.750 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $2,085
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.





Mortgage rates today on 15 year conforming loans are averaging 3.05 percent, a new low in 2014 and down from last week's average rate of 3.09 percent. The lowest 15 year refinance rates available are 2.75 percent and the best 15 year rates without points are at 3.875 percent.

30 year jumbo mortgage rates are averaging 4.23 percent, a decline from last week's average 30 year jumbo mortgage rate of 4.27 percent. The best 30 year jumbo refi rates available are at 3.625 percent with points and at 3.875 percent with no points.

Current mortgage rates on 15 year jumbo loans are averaging 4.01 percent, down from the previous week's average rate of 4.05 percent. The best 15 year jumbo refi rates are much lower than the average at 3.00 percent with points and at 3.625 percent with no points.

5 year conforming adjustable mortgage rates are slightly higher this week averaging 3.32 percent, up from the prior week's average 5 year adjustable rate of 3.29 percent. The lowest 5 year conforming adjustable refinance rates available are well below the average at 2.50 percent with points and at 2.55 percent with no points.

Today's mortgage rates on 5 year jumbo adjustable mortgages are at 3.14 percent, down 1 basis point from last week's average rate. The best jumbo adjustable 5 year refi rates available are at 2.375 percent with points and at 2.55 percent with no mortgage points.
Author: Brian McKay
November 3rd, 2014