Mortgage Rates Increase from 2014 Lows: 30 Year Mortgage Rates Today at 4.24%

Mortgage interest rates hit 2014 lows last week and have moved slightly higher this week. A week ago, average 30 year mortgage rates hit a low of 4.07 percent. Rates increased because long term bond yields moved higher. 10 year bond yields rose 15 basis points the past 5 trading days, driving average 30 year mortgage rates up to 4.24 percent.

At the start of 2014 mortgage analysts predicted average 30 year mortgage rates would move just above 5.00 percent. The high point this year for 30 year rates was 4.53 percent during the first week of January. We don't anticipate average 30 year rates moving much higher or lower from current levels and rates certainty won't move towards 5.00 percent.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 06101, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.403
4.375
USD
Citizens Bank, NA

4.403%
4/19/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $998
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
4.575
4.500
USD
First National Bank of Omaha

4.575%
4/19/2019
4.500%
at 0.625 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $752
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.365
4.250
USD
Bank of America

4.365%
4/15/2019
4.250%
at 0.903 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,351
 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.397
4.375
USD
Savings Bank of Danbury

4.397%
4/19/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.154
4.125
USD
TD Bank, NA

4.154%
4/16/2019
4.125%
at 0.000 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.155
4.125
USD
The Washington Trust Company

4.155%
4/16/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,083
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.557
4.500
USD
Santander Bank, N.A.

4.557%
4/19/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,004
 
 
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 The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.291
4.250
USD
The Guilford Savings Bank

4.291%
4/19/2019
4.250%
at 0.250 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.169
4.125
USD
Liberty Bank

4.169%
4/19/2019
4.125%
at 0.250 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $814
 
 
30 yr fixed mtg refi Mortgage Loan from UniBank for Savings
UniBank for Savings
300000
Refinance
4.536
4.500
USD
UniBank for Savings

4.536%
4/19/2019
4.500%
at 0.250 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $500
 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.399
4.375
USD
Union Savings Bank

4.399%
4/12/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.276
4.250
USD
United Bank

4.276%
4/16/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $911
 
 

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.





For the remainder of 2014 average 30 year rates will be range bound between 4.25 percent and 4.65 percent. There is more of a chance rates will fall towards 4.00 percent instead of moving up near 5.00 percent. Although rates have remained above 4.00 percent this entire year lenders have quoted rates below 4.00 percent all year long.

The lowest 30 year mortgage rates today quoted on our rate list are at 3.75 percent with 1 mortgage point. If you don't want to pay points on a loan we have a couple of lenders quoting 30 year rates at 3.875 percent without points. Feel free to use our rate tables to find the best mortgage interest rates in your state: Mortgage Rates Today. Best of all you don't have to provide any personal information or contact information to see a list of rates.

Listed below are average mortgage rates this week and the lowest mortgage rates available on our rate tables:

Average Mortgage Rates

  • 30 Year Conforming Mortgage Rate: 4.24%

  • 15 Year Conforming Mortgage Rate: 3.18%

  • 5/1 Conforming ARM: 3.32%

  • 30 Year Jumbo Mortgage Rate: 4.53%

  • 15 Year Jumbo Mortgage Rate: 3.77%


Lowest Mortgage Rates Available

  • 30 Year Conforming Refinance Rate: 3.75% with 1 point

  • 15 Year Conforming Refinance Rate: 2.875% with 1 points

  • 5/1 Conforming ARM: 2.375% with 2 points

  • 30 Year Jumbo Refinance Rate: 3.875% with 0.88 point

  • 15 Year Jumbo Refinance Rate: 3.25% with 1 point

  • 5/1 Jumbo Refinance Rate: 2.375% with 2 points


 

 
Author: Brian McKay
September 9th, 2014