Mortgage Rates Remain Low For the Spring Home Buying Season

Current mortgage rates are still near record lows as we head into the spring home buying season. This is good news if you're planning on buying a home and good news for the housing market in general. 30 year mortgage rates today are averaging 3.80 percent, only 50 basis points from the all-time record low of 3.35 percent set in spring of 2013.

Mortgage rates are expected to increase during 2015, so the sooner you lock in a rate the better off you will be. Forecasts are for conventional 30 year mortgage rates to hit 5.00 percent by the end of 2015. Conventional loans are loans under $417,000.

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
3.995
3.875
USD
at 0.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $4,027
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
4.360
4.250
USD
at 0.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $3,596
Thanks for the inquiry! 
 
Next button
30 yr fixed Mortgage Loan from Oceans Mortgage
Oceans Mortgage
https://www.brimg.net/system/img/inst/10050_logo.gif
300000
Refinance
4.035
3.875
USD
at 0.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $5,462
Thank you for your 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 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 Direct Home Lending
Direct Home Lending
https://www.brimg.net/system/img/inst/8103_logo.gif
300000
Refinance
3.921
3.875
USD
at 0.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $1,380
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
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 Direct Home Lending
Direct Home Lending
https://www.brimg.net/system/img/inst/8103_logo.gif
300000
Refinance
4.000
4.000
USD
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
30 yr fixed Mortgage Loan from HomePlus Mortgage
HomePlus Mortgage
https://www.brimg.net/system/img/inst/7834_logo.gif
300000
Refinance
4.250
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 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
4.156
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,102
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
4.519
4.500
USD
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $668
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 Oceans Mortgage
Oceans Mortgage
https://www.brimg.net/system/img/inst/10050_logo.gif
300000
Refinance
4.154
4.125
USD
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,050
Thank you for your 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 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 Watermark Home Loans
Watermark Home Loans
https://www.brimg.net/system/img/inst/8015_logo.gif
300000
Refinance
4.040
4.000
USD
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,450
Watermark Home Loans is a BBB A+ rated Direct Lender. 
 
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 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 Direct Home Lending
Direct Home Lending
https://www.brimg.net/system/img/inst/8103_logo.gif
300000
Refinance
3.848
3.750
USD
at 1.100 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $285
Thank you for your inquiry, we will be in touch shortly. 
 
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 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 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 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 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 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 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 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 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 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.





Low mortgage rates aren't the only incentive to buy a home right now. Homes are still affordable despite double digit increases in home prices since the housing bust. A recent survey by Realtor.com showed 54 percent of their listings were deemed affordable.

The survey includes a map showing affordability across the United States. Naturally, listings of affordable homes varies across the country. The most affordable areas are clustered in the middle part of the country. The least affordable area was in California’s Central Coast wine territory. Less than 4 percent of existing home listings in the San Luis Obispo–Paso Robles area were affordable.

Mortgage Rates Remain Low Heading into the Spring Home Buying SeasonAverage 15 year conforming mortgage rates are currently at 3.03 percent this week, down 3 basis points from last week's average rate of 3.06 percent. 15 year rates are also about 50 basis points from record lows set in early 2013. By the end of 2015 average 15 year rates are expected to be near 4.00 percent.

Mortgage rates on all types of loans will be increasing this year and for several years to come. If you're thinking about buying a home act sooner than later. Home prices are forecast to increase between 5 and 7 percent this year. Mortgage rates are also increasing.

When you take into account the monthly cost of the loan, a lower mortgage rate allows you to buy more home. If you are buying a home, be sure to shop around for the best mortgage rate. The most important thing to consider when comparing mortgages is the mortgage rate. The lower the mortgage rate, the lower your monthly mortgage payments will be.

Other things to consider include mortgage points on the loan. You pay points on a mortgage to buy down the interest rate. Points are equal to a percentage of the loan and are usually quoted in quarter point increments. On our rate table, there are lenders quoting 30 year refinance rates at 3.875 percent with no points and at 3.625 percent with 0.653 points.

Listed below are average mortgage rates for March 24, 2015:

Average Mortgage Rates

  • 30 Year Conforming 3.80%

  • 15 Year Conforming 3.03%

  • 5 Year Conforming ARM 3.15%

  • 30 Year Jumbo 4.15%

  • 15 Year Jumbo 3.75%

  • 5 Year Jumbo ARM 3.27%

Author: Brian McKay
March 24th, 2015