Mortgage Rates Decline Again This Week: Average 15 Year Rate Under 3.00%

Mortgage rates are lower again this week, following 10 year bond yields lower. Both rates and yields are lower because of the sharp declines in equity markets across the globe. 15 year mortgage rates today are back below 3.00 percent, averaging 2.96 percent, down from last week's average rate of 3.04 percent.

10 year bond yield which rose towards 2.30 percent last week, are down to 2.07 percent today. We will probably see 10 year yields fall below 2.00 percent in the coming weeks if stock indexes continue to move lower. Lenders set mortgage rates based on long term bond yields, so we also expect mortgage rates to also decline.

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 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 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 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 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 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 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
 
 

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.





Low mortgage rates are enticing home buyers back into the market. The U.S. Census Bureau and the Department of Housing and Urban Development reported New Home Sales increased 6 percent to 552,000 units in August, the highest level since February 2008.

Average Mortgage Rates September 29, 2015

  • Conforming 30 year mortgage rates are currently averaging 3.83 percent, down from the prior week's average rate of 3.87 percent.

  • Conforming 15 year mortgage rates are averaging 2.96 percent, down from the previous week's average rate of 3.04 percent.

  • 5 Year conforming adjustable mortgage rates are averaging 3.09 percent, a decline from last week's average rate of 3.13 percent.

  • 30 year jumbo mortgage rates are averaging 4.26 percent, down from the prior week's average jumbo rate of 4.34 percent.

  • Current 15 year jumbo mortgage rates are averaging 3.80 percent, down from the previous week's average 15 year jumbo rate of 3.86 percent.

  • Today's mortgage rates on 5 year jumbo adjustable loans are averaging 3.65 percent, a decline from the previous week's average adjustable jumbo rate of 3.71 percent.


The rates listed above are all average rates, there are many lenders quoting rates below the average. You can check on lender's rates in your state by searching the rate lists by going to MortgageRates.RatesORama.com

 
Author: Brian McKay
September 30th, 2015