Mortgage Rates

| Search for Current Refinance Rates and Mortgage Rates from Many Lenders
Search and compare refinance rates and mortgage rates today from many lenders by using our search tool.The rate list below is displaying mortgage refinance rates for a $200,000 mortgage loan in your state. Change the search criteria to receive your own personalized mortgage quotes from many lenders at once.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
15 yr fixed refi in 08601, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
Sebonic Financial Logo
NMLS # 66247
State Lic # No.8701663
(877) 661-8303
at 0.000 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
 
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Amerisave Mortgage Corporation Logo
NMLS # 1168
State Lic # 9943847
(877) 892-7165
at 0.000 pts
60 day lock rate
Est payment: $1,381.16
Fees in APR: $750
Billions Funded. Direct Lender. 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.000 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: None
The Experience is the Difference 
 
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Amerisave Mortgage Corporation Logo
NMLS # 1168
State Lic # 9943847
(877) 892-7165
at 1.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: $750
Billions Funded. Direct Lender. 
 
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Sebonic Financial Logo
NMLS # 66247
State Lic # No.8701663
(877) 661-8303
at 1.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: None
 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.250 pts
45 day lock rate
Est payment: $1,380.20
Fees in APR: None
The Experience is the Difference 
 
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Sebonic Financial Logo
NMLS # 66247
State Lic # No.8701663
(877) 661-8303
at 2.000 pts
30 day lock rate
Est payment: $1,357.24
Fees in APR: None
 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 1.125 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: None
The Experience is the Difference 
 
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Citizens Bank
3.176%
1/23/2015
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $703
 
 
TD Bank, NA
3.510%
1/23/2015
3.438%
at 0.000 pts
60 day lock rate
Est payment: $1,423.68
Fees in APR: $982
 
 
Beneficial Bank
3.032%
1/28/2015
2.990%
at 0.000 pts
60 day lock rate
Est payment: $1,380.20
Fees in APR: $583
 
 
Raymond James Bank, NA
3.223%
1/28/2015
3.125%
at 0.000 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $1,354
 
 
HSBC Bank USA, N.A.
3.301%
1/28/2015
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $705
 
 

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.



Mortgage rates continue their downward spiral into 2015, defying predictions of higher rates. Mortgage rates moving lower in 2014 wasn’t supposed to happen. Experts in the industry, including the Mortgage Bankers Association (MBA), forecast mortgage rates to be much higher than current levels.

In March of 2014, the MBA’s Mortgage Finance Forecast had 30 year mortgage rates hitting 5.00 percent by the fourth quarter of 2015 and 5.10 percent in the first quarter of 2015. Current 30 year mortgage rates are averaging 3.80 percent and the lowest 30 year rates quoted today are at 3.50 percent.

The most recent MBA forecast for rates is their December Mortgage Finance Report. Forecasts were for 30 year rates to be at 4.40 percent in the first quarter of 2015 and hit 5.00 percent in the third quarter. These forecasts will probably have to be revised down again since rates have moved lower since December.

Lenders peg mortgage rates to 10 year bond yields and 10 year yields are almost at record lows. 10 year yields closed on Friday at 1.81 percent, only 14 basis points from the record low of 1.66 percent set in May 2013. You can view the history of bond yields on the U.S. Department of the U.S. Treasury website: U.S. Treasury Yields.

Forecasts on mortgage rates have been wrong because forecasts on bond yields have been wrong. When the Federal Reserve started winding down their purchases of long term bonds and mortgage backed securities, interest rates were supposed to move higher.

The Federal Reserve stopped their purchases in October 2014 and since that time bond yields have fallen considerably. At the end of October, 10 year bond yields closed at 2.35 percent, 54 basis points higher than the current rate. That is almost a 23 percent drop.

Average 30 year mortgage rates have fallen from 3.98 percent to 3.80 percent, 18 basis points or almost a 5 percent drop. Average mortgage rates haven’t dropped as much as bond yields because lenders have been slow to lower rates. This would suggest 30 year rates on average could fall even further, regardless of whether or not bond yields fall further.

Once the Federal Reserve increases rates, banks and other financial institutions will as well. Mortgage rates, other loan rates, CD rates and other deposit rates will all move higher.

 
Author: Brian McKay
January 22nd, 2015

A fourth round of Quantitative Easing by the Federal Reserve? Yes, there is another round of easing already happening that is forcing mortgage rates lower but the Federal Reserve doesn’t have anything to do with it. The easing comes in the form of lower oil prices.

You have heard about lower oil prices in the news and have seen sharply lower gas prices at the pump. The price per barrel of oil has fallen from over $100 a barrel last summer to $48 a barrel today. The plunge in oil, other commodity prices, and equity markets has forced investors to flee to the safety of U.S. Treasuries.

10 year U.S. Treasury yields, which were forecast to be around 3.00 percent during this stage of the economic recovery, have fallen back under 2.00 percent this month. The decline in Treasury yields has forced 30 year mortgage rates down near the all-time lows of spring 2013.

10 year bond yields are trading at 1.80 percent and 30 year mortgage rates today are averaging 3.85 percent. About a year ago, 30 year mortgage rates were forecast to be above 5.00 percent by this time. The average 30 year rate is at 3.85 percent but on our rate tables we have lenders quoting 30 year refinance rates as low as 3.25 percent in some states.

There is also another factor at play forcing U.S. bond yields lower – a truly global market for sovereign bonds. 10 year U.S. bonds are only yielding 1.80 percent right now but that is considerably higher than current Japanese and German bond yields. 10 year Japanese bond yields are at 0.25 percent and 10 year German bonds are yielding 0.41 percent.

Investors are flocking to the higher yields U.S. bonds offered and a strong dollar is enhancing their returns. Investors buying bonds drive bond prices higher and as a result, drive yields lower. Lenders peg mortgage rates to bond yields so mortgage rates also move lower.

History has taught us that eventually the Fed will take the punch bowl away by increasing the fed funds rate. The likelihood of this happening sometime is year is almost certain but the question is when. We look for an increase in the fed funds rate sometime in the summer of 2015.

A higher fed funds rate will force bank deposit rates, bond yields and mortgage rates higher. Be sure to position your finances for the upcoming increase in rates in 2015.

 
Author: Brian McKay
January 16th, 2015

Average mortgage rates start near the lows of 2014 but will increase throughout 2015. 30 year mortgage rates today remain under 4.00 percent at 3.98 percent. Mortgage rates continue to remain low because 10 year bond yields also remain low, defying expectations of an increase in rates.

10 year bond yields closed at 2.12 percent on Friday, almost 100 basis points lower than the forecast for the beginning of 2015. Mortgage rates and 10 year bond yields are expected to increase about 1.00 percent by the end of this year. 10 year bond yields will approach 3.00 percent, 30 year mortgage rates will head towards 5.00 percent and 15 year rates will move towards 4.00 percent.

Mortgage Rates End 2014 Low, Will Move Higher by the End of 201515 year mortgage rates today are averaging 3.07 percent, an increase of 3 basis points from last week’s average 15 year rate. 15 year rates may fall below 3.00 percent before rates move higher. Any increases in rates won’t come in the first few months of 2015 and will more likely increase as the year progresses.

Today’s mortgage rates on 30 year jumbo loans are slightly higher, averaging 4.25 percent, up from the previous week’s average 30 year jumbo rate of 4.23 percent. While average jumbo rates on 30 year loans are above 4.00 percent there are still many lenders quoting 30 year jumbo refinance rates below 4.00 percent. The best 30 year jumbo refi rate on our rate list for Connecticut are at 3.625 percent with 1.50 mortgage points.

15 year jumbo rates jumped much higher this week and are now above 4.00 percent. The current average 15 year jumbo rate is at 4.04 percent, up 14 basis points from the prior week’s average rate. The best 15 year jumbo refi rate in California is almost 100 basis points below the average rate. Citi is currently offering 15 year jumbo rates at 3.125 percent with 0.88 points.

Average adjustable mortgage rates on both conforming and jumbo loans decreased this week. Conforming 5 year adjustable rates are averaging 3.08 percent, down from the previous week’s average 5 year adjustable rate of 3.09 percent. Average 5/1 jumbo adjustable rates are at 3.51 percent, down 2 basis points from last week’s average jumbo rate of 3.53 percent.

The lowest 5 year conforming refinance rate available on our list for Florida is at 2.40 percent with 1 mortgage point from Third Federal Savings and Loan. The lowest 5 year jumbo rate in Massachusetts is also from Third Federal at 2.625 percent with no mortgage points.

 
Author: Brian McKay
January 5th, 2015

Average mortgage rates today drifted lower, following 10 year U.S. Treasury yields. The current average 30 year conforming mortgage rate is at 3.95 percent, a slight decline from yesterday’s average 30 year rate of 3.98 percent. 30 year mortgage refinance rates moved under 4.00 percent last week and will probably end 2014 below 4.00 percent.

The average 30 year rate is just below 4.00 percent but there are lenders quoting 30 year refinance rates today below well below the average. On our interest rate table for New Jersey, Garden State Home Loans is quoting 30 year refinancing rates at 3.50 percent with 1.25 mortgage points. AmeriSave is quoting 30 year rates at 3.75 percent with 1 mortgage point and HSBC Bank quoting rates at 3.95 percent with no points.

30 Year Mortgage Rates Will End 2014 Below 4.00 PercentCurrent mortgage rates on 15 year conventional loans are averaging 3.10 percent, down from yesterday’s average 15 year rate of 3.13 percent. In an article published yesterday, we predicted average 15 year mortgage rates would remain near 3.10 percent for the rest of 2014. The lowest 15 year refi rates on our table for Illinois are at 2.85 percent with 1 mortgage point and at 3.125 percent with no points, both quoted by AmeriSave.

Today’s mortgage rates on 30 year jumbo loans are also lower today, averaging 4.23 percent, down from an average 30 year jumbo rate of 4.29 percent yesterday. The best 30 year jumbo refinance rates in our California database are 3.75 percent with 2 mortgage points. The lowest 30 year jumbo refi rate without points is also below the average at 4.00 percent from First Citizens Bank & Trust Company.

15 year jumbo mortgage interest rates are averaging 3.90 percent, a decline from yesterday’s average 15 year jumbo mortgage rate of 3.94 percent. The lowest 15 year jumbo rate available in our database for New York are from Investors Home Mortgage at 3.125 percent with 0.25 points and at 3.25 percent with no points from Citi Mortgage.

5 year conforming adjustable mortgage rates are averaging 3.09 percent today, down 2 basis points from yesterday’s average of 3.11 percent.The lowest 5 year ARM quoted in our database for Florida are at 2.40 percent with 1 mortgage point from Third Federal Savings & Loan. The lowest 5 year ARM without points is quoted at 3.00 percent from Raymond James Bank, NA.

5 year jumbo adjustable mortgage rates are averaging 3.53 percent, down from an average 5 year jumbo rate of 3.60 percent. The best 5 year jumbo ARM in the database for Colorado are at 2.625 percent with 2 mortgage points from Integrity Home Loan by Peoples Bank. The lowest 5 year jumbo refi ARM without points is from Third Federal Bank at 2.625 percent.

 
Author: Brian McKay
December 28th, 2014

Average 30 year conforming mortgage rates fell to a new low this year, following 10 year bond yields lower. The current average 30 year mortgage rate is at 3.92 percent, down from last week’s average 30 year rate of 3.98 percent. The prior low for 2014 was at 3.93 percent set on October 23. Rates will continue to move lower this coming week because 10 year bond yields have fallen 7 basis points this morning to 2.16 percent.

30 year rates are averaging 3.92 percent but you can find lenders quoting 30 year refinance rates below the average. The lowest 30 year rate in the database right now are at 3.75 percent with 2 mortgage points.

Average Mortgage Rates December 1 2014Mortgage rates today on 15 year conforming loans are averaging 3.04 percent, down from last week’s average 15 year rate of 3.09 percent. 15 year rates are just above the 2014 record low of 3.03 percent. Average 15 year rates will hit a new low this coming week and will also probably fall below 3.00 percent.

Current mortgage rates on 30 year jumbo loans are averaging 4.15 percent, a decline from the prior week’s average 30 year jumbo rate of 4.20 percent. The 2014 low for average 30 year jumbo rates was 4.13 percent, also set back on October 23. 30 year jumbo rates will also make a new 2014 low this coming week, with rates likely falling towards 4.05 percent.

The best 30 year jumbo refinance rates available in the database are currently at 3.50 percent with 0.75 mortgage points. The best 30 year jumbo refi rate without points is also below the average at 3.75 percent.

Average 15 year jumbo mortgage rates hit a new 2014 low this week. 15 year jumbo mortgage rates are currently averaging 3.72 percent, down from the previous week’s average 15 year jumbo mortgage rate of 3.79 percent. The best 15 year jumbo rates available in the database are at 3.00 percent with 0.88 points and at 3.25 percent with zero mortgage points.

5 year adjustable conforming mortgage rates are averaging 3.10 percent, a decline from last week’s average 5 year adjustable rate of 3.20 percent. The lowest 5 year adjustable refi rate in the database is at 2.40 percent with 1 mortgage point and at 2.65 percent with no points.

Today’s mortgage rates on 5 year jumbo adjustable loans are averaging 3.48 percent, down from last week’s average 5 year jumbo adjustable rate of 3.51 percent. The best 5 year jumbo adjustable refinancing rates available are at 2.625 percent with no mortgage points.

 
Author: Brian McKay
December 2nd, 2014