Mortgage Rates Today Largely Unchanged from the Previous Week

Mortgage rates today are largely unchanged from the previous week because 10 year bond yields traded in a tight range the past week. In this week's Primary Mortgage Market Survey released by Freddie Mac, average 30 year mortgage rates declined to 3.38 percent with 0.7 mortgage points for the week ending January 17, 2013. The week prior saw the average 30 year mortgage rate at 3.40 percent.

Current mortgage rates on 30 year conforming loans have declined further, averaging 3.35 percent. In 2013, average rates on fixed conforming and fixed jumbo loans will continue to drift lower. The Federal Reserve is buying mortgage-backed securities (bundles of mortgage loans), which is designed to force mortgage rates lower. The Fed's policy of buying MBS has been in place for several years now and will continue into 2013.

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 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 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 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
 
 
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
 
 

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.





There are many lenders quoting mortgage rates on 30 year conventional loans below the average rate of 3.35 percent. 30 year mortgage rates currently can be found on our rate tables as low as 2.875 percent with points. In the state of Illinois, Aimloan.com is quoting 30 year refinance rates at 2.875 percent with 1.766 points. The lowest 30 year refinance rate without points is also from Aimloan.com at 3.25 percent.

In Freddie Mac's PMMS for the week ending January 19, 2013, 15 year mortgage rates are averaging 2.66 percent with 0.7 points, unchanged from the previous week's average 15 year mortgage rate. Today's mortgage rates on 15 year conventional loans are averaging 2.64 percent.

There are several lenders quoting 15 year mortgage refinance rates on our rate list that are much lower than the average rate. Our California refinance rates list on 15 year loans has rates as low as 2.25 percent with no mortgage points. The lender quoting that rate and point combination is AmericanInterbanc.com Mortgage Bankers.

Average 5 year adjustable mortgage rates are at 2.67 percent with 0.6 mortgage points for the week ending January 17, 2013, unchanged from the prior week's average 5 year adjustable rate. Current adjustable mortgage rates on 5 year loans are averaging 2.64 percent and will move lower this week.

Refinance rates today on 5 year adjustable conforming loans can be found well below the average rates. The lowest 5 year adjustable refinance rates on our rate list for the state of Texas are at 1.625 with 1.666 mortgage points. The lowest 5 year refi rate without points listed on our rate table for TX is at 2.00 percent.

Average 1 year adjustable conforming mortgage rates in Freddie Mac's survey are averaging 2.57 percent with 0.4 mortgage points, down from the prior week's average 1 year adjustable mortgage rate of 2.60 percent.
Author: Robert Till
January 22nd, 2013