Mortgage Rates Remain Low Because of Global Bond Yields Falling

Mortgage rates remain low this week, continuing to defy the experts who called for higher rates in 2015. Interest rates were supposed to increase this year because of stronger economic growth in the United States. Growth, for the most part, has been strong in 2015, but bond yields have actually declined.

Current 10 year U.S. bond yields are yielding 1.88 percent, down from the December 31, 2014, high of 2.17 percent. U.S. bond yields moving lower are the result of yields in German and Japan crashing. The European Union recently released quantitative easing to foster growth which has forced already low German yields even lower.

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 Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.113
4.000
USD
at 0.100 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $3,769
 
 
Next button
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
3.979
3.875
USD
at 0.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $3,463
Thank you for your inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Federated Mortgage Corp.
Federated Mortgage Corp.
https://www.brimg.net/system/img/inst/10594_logo.gif
300000
Refinance
4.203
4.125
USD
Federated Mortgage Corp. Logo
at 0.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,501
 
 
Next button
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.356
4.250
USD
at 0.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $3,466
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Blue Spot Home Loans
Blue Spot Home Loans
https://www.brimg.net/system/img/inst/10534_logo.gif
300000
Refinance
4.035
3.999
USD
Blue Spot Home Loans Logo
at 0.100 pts
30 day lock rate
Est payment: $1,432.07
Fees in APR: $994
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.981
4.750
USD
at 1.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $4,835
 
 
Next button
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.060
3.960
USD
at 0.100 pts
30 day lock rate
Est payment: $1,425.34
Fees in APR: $3,299
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.047
4.000
USD
at 0.100 pts
45 day lock rate
Est payment: $1,432.25
Fees in APR: $1,409
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.273
4.125
USD
HomeDirect Mortgage Logo
at 1.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,259
 
 
Next button
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.079
3.990
USD
at 0.100 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $2,885
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from Lending.com
Lending.com
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.194
4.125
USD
at 0.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,156
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from LoanFlight Lending, LLC
LoanFlight Lending, LLC
https://www.brimg.net/system/img/inst/10477_logo.gif
300000
Refinance
4.051
3.990
USD
LoanFlight Lending, LLC Logo
at 0.100 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $1,902
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.082
4.000
USD
at 0.100 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $2,663
 
 
Next button
30 yr fixed Mortgage Loan from McGlone Mortgage Group
McGlone Mortgage Group
https://www.brimg.net/system/img/inst/2125_logo.gif
300000
Refinance
4.269
4.250
USD
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $676
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Federated Mortgage Corp.
Federated Mortgage Corp.
https://www.brimg.net/system/img/inst/10594_logo.gif
300000
Refinance
4.375
4.375
USD
Federated Mortgage Corp. Logo
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from HomePlus Mortgage
HomePlus Mortgage
https://www.brimg.net/system/img/inst/7834_logo.gif
300000
Refinance
4.125
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from Blue Spot Home Loans
Blue Spot Home Loans
https://www.brimg.net/system/img/inst/10534_logo.gif
300000
Refinance
4.124
4.124
USD
Blue Spot Home Loans Logo
at 0.000 pts
30 day lock rate
Est payment: $1,453.77
Fees in APR: None
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Lending.com
Lending.com
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.265
4.250
USD
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $551
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.375
4.375
USD
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.279
4.250
USD
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,033
 
 
Next button
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.141
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $562
Thank you for your inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.516
4.500
USD
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $551
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.129
4.125
USD
at 0.000 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $143
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.250
4.250
USD
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.150
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $905
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Better Mortgage Inc
Better Mortgage Inc
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.051
4.000
USD
Better Mortgage Inc Logo
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,822
Thank you for your quote. 
 
Next button
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.375
4.375
USD
HomeDirect Mortgage Logo
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
5.179
5.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $1,825
 
 
Next button
30 yr fixed Mortgage Loan from LoanFlight Lending, LLC
LoanFlight Lending, LLC
https://www.brimg.net/system/img/inst/10477_logo.gif
300000
Refinance
4.250
4.250
USD
LoanFlight Lending, LLC Logo
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: None
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from NationsChoice Mortgage
NationsChoice Mortgage
https://www.brimg.net/system/img/inst/8111_logo.gif
300000
Refinance
4.167
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,495
 
 
Next button
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.242
4.240
USD
at 0.000 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $56
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from Aurora Financial
Aurora Financial
https://www.brimg.net/system/img/inst/4284_logo.gif
300000
Refinance
4.125
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: None
 
 
Next button
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
3.904
3.750
USD
at 1.100 pts
45 day lock rate
Est payment: $1,389.35
Fees in APR: $2,267
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
3.973
3.835
USD
at 1.100 pts
30 day lock rate
Est payment: $1,403.86
Fees in APR: $1,696
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.877
4.490
USD
at 2.000 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $7,176
 
 
Next button
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
3.963
3.750
USD
at 1.100 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $4,366
 
 
Next button
30 yr fixed Mortgage Loan from LoanFlight Lending, LLC
LoanFlight Lending, LLC
https://www.brimg.net/system/img/inst/10477_logo.gif
300000
Refinance
3.982
3.875
USD
LoanFlight Lending, LLC Logo
at 1.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $564
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.004
3.865
USD
at 1.100 pts
30 day lock rate
Est payment: $1,409.00
Fees in APR: $1,712
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from Lending.com
Lending.com
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.034
3.875
USD
at 1.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $2,417
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
3.937
3.750
USD
at 1.100 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $3,473
 
 
Next button
30 yr fixed mtg refi Mortgage Loan from Bank of the West
Bank of the West
300000
Refinance
4.784
4.750
USD
Bank of the West

4.784%
2/19/2019
4.750%
at 0.125 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $793
 
 
30 yr fixed mtg refi Mortgage Loan from Union Bank
Union Bank
300000
Refinance
4.647
4.625
USD
Union Bank

4.647%
2/20/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $771
 
 
30 yr fixed mtg refi Mortgage Loan from Star One Credit Union
Star One Credit Union
300000
Refinance
4.253
4.250
USD
Star One Credit Union

4.253%
2/18/2019
4.250%
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $105
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.406
4.375
USD
LincolnWay Community Bank

4.406%
2/19/2019
4.375%
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Schools First FCU
Schools First FCU
300000
Refinance
4.528
4.500
USD
Schools First FCU

4.528%
2/18/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $995
 
 
30 yr fixed mtg refi Mortgage Loan from San Diego County Credit Union
San Diego County Credit Union
300000
Refinance
4.430
4.375
USD
San Diego County Credit Union

4.430%
2/20/2019
4.375%
at 0.500 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $434
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.662
4.625
USD
Raymond James Bank, NA

4.662%
2/19/2019
4.625%
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from First Tech Credit Union
First Tech Credit Union
300000
Refinance
4.400
4.375
USD
First Tech Credit Union

4.400%
2/20/2019
4.375%
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $898
 
 

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.





German bonds that mature in less then 10 years have a negative yield. You actually have to pay Germany a yield to buy their short term bonds. 10 year German bonds are only yielding 0.09 percent, much less than U.S. 10 year yields at 1.88 percent. 10 year Japanese bonds are also much than U.S. yields at 0.39 percent.

Investors around the world are buying U.S. bonds to get a better yield. As a result of the demand, U.S. bond prices are moving higher and bond yields are moving lower. Most lenders set mortgage rates to 10 year bond yields, when yields decline, mortgage rates also move lower.

Instead of seeing 30 year conforming mortgage rates hit 5.00 percent this year as forecast, we might see 30 year rates stay under 4.00 percent. Average 30 year conforming mortgage rates today are at 3.76 percent, a slight uptick from last week's average rate of 3.74 percent.

Mortgage Rates Fall Because of Global Bond Yields CrashingAverage 30 year rates are at 3.76 percent but there are many lenders quoting rates below the average. Currently on our mortgage rate list for California, we have one lender quoting 30 year refinance rates at 3.50 percent with 1 mortgage point. When you pay points on a loan you can get a lower rate. You might be able to get an even lower rate by paying more than 1 mortgage point.

Current mortgage rates on 15 year conventional loans are averaging 2.96 percent. Up slightly from last week's average 15 year rate of 2.94 percent. The best 15 year refinance rates on our rate list for CA is lower at 2.875 percent with 1 mortgage point.

Today's mortgage rates on 30 year jumbo loans are averaging 3.97 percent, up from the prior week's average 30 year jumbo rate of 3.94 percent. The best 30 jumbo refinance rates available on our rate list for Washington State are much lower at 3.375 percent with 1 point.

15 year jumbo mortgage rates today are averaging 3.81 percent, up from the previous week's average rate of 3.52 percent. The lowest 15 year jumbo refi rates available on our rate list for Colorado are almost 1.00 percent lower at 2.875 percent with 1 point.

Compare mortgage refinance rates by using the rate list for the state you live in: Search Mortgage Rates
Author: Brian McKay
April 16th, 2015