Mortgage Rates Remain Under 4.00 Percent – Lowest Rate at 3.50 Percent with 2 Points

Average 30 year mortgage rates remain under 4.00 percent this week, continuing to defy the experts who expected higher rates by now. Conforming 30 year mortgage rates fell to 3.90 percent, down from the prior week's average rate of 3.97 percent.

30 year mortgage rates under 4.00 percent weren't supposed to happen by August 2015. Earlier this year, analysts were forecasting 30 year rates to be near 5.00 percent. Chances are 30 year rates won't hit 5.00 percent by the end of this year. A more likely scenario would be for 30 year rates to be under 4.50 percent.

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 Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.128
4.125
USD
Better.com Logo
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $124
Thank you for your quote. 
 
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30 yr fixed Mortgage Loan from Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
3.913
3.750
USD
Better.com Logo
at 1.100 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $2,605
Thank you for your quote. 
 
Next button
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 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 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 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 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 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
 
 

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 rates are fueling demand for home loans. The Mortgage Bankers Association reported mortgage application volume for both loan refinancing and home purchases increased 3.6 percent week over week on a seasonally adjusted basis for the week ending August 14, 2015.

Refinance rates under 4.00 percent have created a mini-boom for refinancing loans. Refinance applications surged 7 percent from the prior week, reaching the highest level since May, according to the Mortgage Bankers Association. The best 30 year refinance rates on our rate list are at 3.50 percent with 2 mortgage points. The best refi rate without points is at 3.75 percent.

Rates are eventually moving higher, so if you're thinking about refinancing your mortgage, do so sooner than later. The conventional wisdom is that it makes financial sense to refinance if current rates are at least 1.00 percent below your current mortgage rate. Of course, refinancing to a short term loan also makes sense even if the rate is less than or even higher than your current mortgage rate.

Mortgage rates today on 15 year conforming loans are currently averaging 3.03 percent, down from last week's average 15 year rate of 3.05 percent. Average 15 year rates will probably fall below 3.00 percent this week because 10 year bond yields continue to decline.

Today's mortgage rates on 30 year jumbo loans are averaging 4.29 percent, up 1 basis point from last week's average 30 year jumbo rate. The best 30 year jumbo refinance rates on our rate list are also at 3.50 percent but with only 0.88 mortgage points. The best 30 year jumbo rate without points is at 3.75 percent.

15 year jumbo mortgage rates are averaging 3.74 percent this week, a decline from the previous week's average 15 year rate of 3.86 percent. The best 15 year jumbo refinance rates on our rate list are well below the average. The lowest 15 year rate is at 2.875 percent with 1.10 points and the lowest rate without points is at 3.25 percent.
Author: Brian McKay
August 20th, 2015