Mortgage Rates Higher on December’s Employment Report: 30 Year Mortgage Rates Today Averaging 3.40 Percent

A stronger than expect employment report for December sent average mortgage rates higher this week. This is the second consecutive week fixed conforming mortgage rates moved higher in the Primary Mortgage Market Survey released by Freddie Mac. Although average 30 year and 15 year mortgage rates are higher they are just off of record lows set back in late November 2012.

Current mortgage rates on 30 year loans are averaging 3.40 percent with 0.7 mortgage discount points for the week ending January 10, 2012. Average 30 year mortgage interest rates are up from the prior week's average rate of 3.34 percent. The record low 30 year mortgage rate in the PMMS was 3.31 percent set on November 21, 2012.

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 mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.557
4.500
USD
State Department Federal Credit Union

4.557%
3/18/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.280
4.250
USD
LincolnWay Community Bank

4.280%
3/19/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.326
4.250
USD
Northwest Federal Credit Union

4.326%
3/20/2019
4.250%
at 0.875 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.225
4.180
USD
Bank of Oak Ridge

4.225%
3/21/2019
4.180%
at 0.250 pts
60 day lock rate
Est payment: $1,463.55
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.432
4.375
USD
Santander Bank, N.A.

4.432%
3/21/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $2,004
 
 
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%
3/19/2019
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
4.432
4.375
USD
Virginia Credit Union

4.432%
3/19/2019
4.375%
at 0.125 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.152
4.125
USD
TD Bank, NA

4.152%
3/15/2019
4.125%
at 0.000 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.321
4.250
USD
Bank of America

4.321%
3/20/2019
4.250%
at 0.415 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.345
4.250
USD
Apple Federal Credit Union

4.345%
3/20/2019
4.250%
at 1.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.550
4.500
USD
Fulton Bank, NA

4.550%
3/19/2019
4.500%
at 0.250 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.551
4.500
USD
Citizens Bank, NA

4.551%
3/15/2019
4.500%
at 0.125 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $1,408
 
 

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.





Today's mortgage rates on 30 year conforming loans are slightly lower averaging 3.36 percent and will probably make new record lows sometime in January. Right now you can find lenders quoting 30 year refinance mortgage rates well below the average rates. Right now on our 30 year refinance rates list for Florida you can find lenders quoting rates as low as 3.00 percent with points and at 3.25 percent with no points.

Mortgage rates today on 15 year conforming loans are also sightly lower than the average in this week's PMMS. Current mortgage rates on 15 year conventional loans are averaging 2.63 percent, lower than the average of 2.66 percent with 0.7 point in the PMMS. 15 year mortgage interest rates will make new lows in January, we'll probably see rates fall through 2.50 percent.

Currently there are home loan lenders quoting 15 year refinance rates below 2.50 percent across the United States. Right now the lowest 15 year rates available on our rate list for Texas are at 2.25 percent with 1.721 points from Amerisave. We also have a few other lenders quoting 15 year refinancing rates at or below 2.50 percent with points.

We also have one lender quoting 15 year refi rates at 2.50 percent with zero points. Depending on the state you live in and the credit score you select when searching our tables your results might vary but you will find some of the lowest rates on our tables. Texas the only state you can find lenders quoting 15 year rates as low as 2.25 percent. We also have lenders in California, Florida, New York and many other states quoting rates as low.

Back to Freddie Mac's survey this week, average 5 year adjustable mortgage rates bucked the trend and were lower this week. Average 5 year adjustable mortgage rates were at 2.67 percent with 0.7 mortgage discount points, down from the prior week's average 5 year adjustable mortgage rate of 2.71 percent. 1 year adjustable mortgage rates were higher averaging 2.60 percent with 0.5 points, up from an average 1 year adjustable rate of 2.57 percent.

There are many lenders quoting 5 year adjustable refinance rates on our rate tables well below Freddie Mac's average this week. The lowest 5 year refi rates in the state of Illinois are at 1.625 percent with points. The lowest 5 year rate without points is at 2.25 percent, also below the average rate.
Author: Monica Harris
January 10th, 2013