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.
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Purchase    Refinance
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Loan Amt Points FICO % Down
  
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15 yr fixed refi in 95816, All points, Credit score: 740+     Sort by:
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APR
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Discover Home Loans, Inc Logo
NMLS # 837915
at 0.000 pts
40 day lock rate
Est payment: $1,405.34
Fees in APR: $995
 
 
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loanDepot Logo
NMLS # 174457
State Lic # 4131040
at 0.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $1,195
 
 
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loanDepot Logo
NMLS # 174457
State Lic # 4131040
at 2.000 pts
45 day lock rate
Est payment: $2,028.53
Fees in APR: $1,950
 
 
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Discover Home Loans, Inc Logo
NMLS # 837915
at 2.000 pts
40 day lock rate
Est payment: $1,369.17
Fees in APR: $995
 
 
Next button
loanDepot Logo
NMLS # 174457
State Lic # 4131040
at 1.000 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
 
Next button
Discover Home Loans, Inc Logo
NMLS # 837915
at 0.625 pts
40 day lock rate
Est payment: $1,393.22
Fees in APR: $995
 
 
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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.



Average mortgage rates on 30 year loans are slightly higher this week after hitting a new low for 2014. 30 year mortgage rates today are averaging 4.15 percent, up from the previous week’s average 30 year rate of 4.08 percent. During the past week, average 30 year rates hit a new low for 2014 at 4.00 percent.

Mortgage rates have been range-bound for most of 2014, hitting a high of 4.53 percent very early this year and a low of 4.00 percent recently. For the remainder of 2014, expect average 30 year rates to be in the range of 3.75 percent and 4.50 percent.  Currently on the rate table, the best 30 year refinance rates are at 3.875 percent with points.

This coming week, average rates will fall as a result of 10 year U.S. Treasury yields going down 10 basis points this morning. Yields are lower due to concerns of a slowing global economy and the possibility that the Eurozone may fall into recession. Safe-haven bids for low-risk U.S. government debt have sent 10 year bond yields to the lowest point since June 2013.

Mortgage Rates Today October 14 2014Current mortgage rates on 15 year conforming loans are lower this week, averaging 3.12 percent, down from last week’s average 15 year rate of 3.21 percent. The best 15 year refinance rates available on the rate table are well below the average and below 3.00 percent. Checking on refi rates in California, we see the best rate at 2.99 percent with 1.75 mortgage points.

Today’s mortgage rates on 30 year jumbo loans are averaging 4.18 percent, down from the previous week’s average 30 year jumbo rate of 4.29 percent. The best jumbo interest rates available right now are also below the average rate and below 4.00 percent. Checking on the rate table for the state of Maryland, the lowest jumbo rate at 3.75 percent with 1 mortgage point.

15 year jumbo mortgage rates today are averaging 3.90 percent, down from last week’s average 15 year rate of 3.98 percent. The lowest 15 year jumbo rate available in Colorado is much lower than the average at 3.125 percent with 2 mortgage points.

Average 5 year adjustable mortgage rates on conforming and jumbo loans are both lower this week. The current average 5/1 conforming ARM is at 3.19 percent, down from last week’s average 5 year rate of 3.31 percent. The average 5 year jumbo ARM is also at 3.19 percent this week, a decline from an average rate of 3.25 percent last week.

The best 5 year conforming ARM for Florida is at 2.40 percent with 1 mortgage point. The best 5 year jumbo ARM in Connecticut is at 2.50 percent with 2 mortgage points.

 
Author: Brian McKay
October 14th, 2014

Mortgage rates continue to defy the experts as 30 year conforming rates hover just above the record low for 2014. For the past two years, mortgage rate analysts predicted mortgage rates would move higher. While rates have gone up from 2013 record lows, rates are nowhere near the level that was forecast.

This week the average 30 year conforming rate is at 4.09 percent, down from last week’s average rate of 4.14 percent. The average 30 year rate is just above the 2014 low of 4.06 percent set in late August. Analysts had predicted 30 year rates heading towards 5.00 percent by the end of 2014 and be just above 5.00 percent in 2015.

Average Mortgage Rates October 4, 2014We could see average 30 year rates fall below 4.00 percent if long term bond yields decline this week. There are already plenty of lenders quoting 30 year purchase and refinance rates below 4.00 percent if you’re willing to pay points on a loan. Points are fees you pay upfront to get a lower interest rate on a mortgage.

On the refinance rate table for mortgage loans in the state of California there is one lender quoting 30 year rates at 3.50 percent with 2 mortgage points. The best 30 year purchase rate on the table for loans in CA are at 3.75 percent with 1 mortgage point.

Mortgage rates today on 15 year conventional loans are averaging 3.20 percent, a decline from last week’s average 15 year rate of 3.24 percent. Searching for the best 15 year refinance rates in Florida, the lowest rate at 2.875 percent with 1 point and the lowest 15 year purchase rate in FL is at 2.94 percent with 1 point.

30 year jumbo mortgage rates are currently averaging 4.55 percent, a slight decline from last week’s average 30 year jumbo rate of 4.56 percent. The lowest jumbo refinance rates on 30 year loans in the state of New Jersey are at 3.875 percent with 1.50 points. The lowest 30 year jumbo purchase loan rate is at 4.00 percent with no points.

Current mortgage rates on 15 year jumbo loans are averaging 4.12 percent, down from the prior week’s average 15 year rate of 4.15 percent. The lowest 15 year jumbo refi rates in the state of Colorado are at 3.125 percent with 2 mortgage points. The best 15 year jumbo purchase rate in CO is also at 3.125 percent with 2 points.

 
Author: Brian McKay
October 5th, 2014

Today’s mortgage rates moved lower on the heels of lower 10 year bond yields. Last Friday, 10 year bond yields hit a two month high of 2.61 percent but have declined to 2.58 percent yesterday. As a result of lower bond yields average 30 year mortgage rates have fallen to 4.20 percent today, down from a recent high of 4.27 percent on Monday.

Which direction mortgage rates move this week will be up to what the Federal Open Market Committee says. The FOMC concludes its two day meeting on economic policy today. There is a zero percent chance the FOMC will increase the federal funds rate this time around. The big unknown factor is if the FOMC drops it’s dovish phrase on leaving interest rates low for a ”considerable time.”

If the Fed’s language on interest rates does change, both short term and long term bond yields will increase. Lender’s set mortgage rates based on bond yields. Mortgage rates will higher in the coming days if bond yields increase. If the Fed doesn’t drop the considerable time phrase on interest rates, 10 year bond yields will fall below 2.50 percent and average 30 year mortgage rates will fall towards 4.10 percent.

Mortgage rates have been in a tight range for all of 2014, average 30 year rates hit a low of 4.06 percent on September 5th. The high point for average 30 year rates was 4.53 percent in early January. Though average 30 year rates remained above 4.00 percent all year long, there have been lenders quoting 30 year rates below 4.00 percent. The lowest 30 year rates available today on the rate tables are at 3.625 percent with 2 mortgage points.

Mortgage rates today on 15 year conforming loans are averaging 3.27 percent, up from an average 15 year mortgage rate of 4.21 percent. Depending on what the Fed says average 15 year rates could move up towards 3.40 percent or down towards 3.15 percent. The best 15 year refinance rates available right now on the tables are much lower at 2.875 percent with 2 mortgage points.

Listed below are current mortgage rates for both conforming and jumbo mortgages:

Average Conforming Mortgage Rates

  • 30 Year 4.20%
  • 15 Year 3.27%
  • 5/1 ARM 3.53%

Average Jumbo Mortgage Rates

  • 30 Year 4.61%
  • 15 Year
  • 5/1 ARM 3.85%

Lowest Conforming Mortgage Rates

  • 30 Year 3.625% with 2 points
  • 15 Year 2.875% with 2 points
  • 5/1 ARM 2.375% with 2 points

Lowest Jumbo Mortgage Rates

  • 30 Year 3.875% with 2 points
  • 15 Year 3.625% with 1.1 points
  • 5/1 ARM 2.625% with no points

 

 
Author: Brian McKay
September 17th, 2014

If you missed the news last week mortgage rates hit new lows for 2014. The average 30 year conforming mortgage rate hit a low in 2014 of 4.06 percent. Average rates increased to 4.20 percent this week but will move lower again this coming week thanks to a less than stellar August jobs report. Only 142,000 jobs were created last month, almost 100,000 jobs less than economists forecasted.

As a result of the disappointing news on jobs, U.S. Treasury yields are heading lower today, which will bring down mortgage rates in the coming days. 10 year U.S. Treasury yields hit a low of 2.38 percent today, just above the 2014 low of 2.30 percent. In the coming weeks, 10 year yields will break through the lows for this year and probably settle around 2.25 percent.

10 year bond yields at 2.25 percent will send average 30 year mortgage rates down to the 4.00 percent range, we might even see average rates fall below 4.00 percent. The last time average 30 year rates were below 4.00 percent was in June 2013. Although average 30 year rates are above 4.00 percent you can easily find lenders quoting rates below 4.00 percent.

Average Mortgage Rates Increase from 2014 LowsMortgage rates today on 15 year conforming loans are averaging 3.18 percent, up 1 basis points from last week’s average rate. 15 year rates hit a 2014 low last week and will also move lower in the coming weeks. The average 15 year rate will probably fall below 3.00 percent sometime this month.

Current mortgage rates on 30 year jumbo mortgage loans are lower this week at 4.53 percent, down from last week’s average 30 year jumbo rate of 4.62 percent. If you’re willing to pay points on a loan you can find lenders quoting 30 year jumbo refinance rates below 4.00 percent.

Today’s mortgage rates on 15 year jumbo loans are averaging 3.75 percent, down slightly from the previous week’s average of 3.77 percent. If you’re looking for 15 year jumbo rates, we have some lenders on our rate tables quoting rates as low as 3.125 percent with points. You can check on rates in the state you live by using our tables: MonitorBankRates.com/Mortgages.

 
Author: Brian McKay
September 5th, 2014

Most were expecting higher mortgage rates throughout 2014 but just the opposite is happening. Early in the year, mortgage analysts were predicting conventional 30 year mortgage rates would hit 5.00 percent by the end of 2014. Average 30 year rates today are at 4.30 percent, just above the low of 4.13 percent this year.

Average rates on 30 year loans will move lower in the coming days because yields on 10 year bonds are tanking. Lenders set loan rates based on U.S. Treasury yields and 10 year bond yields are down 7 basis points today to 2.33 percent, the lowest point for the 10 year yield this year. This sharp decline will drive lenders to decrease mortgage rates in the coming days, which will drive the average mortgage rate lower, in all likelihood to a new low for 2014.

Yields are moving lower as a response to several factors. Economies across the globe remain sluggish and as a result, central banks are forcing interest rates lower to stimulate their economies. Bond yields declined to record lows across the European Union. German 10 year bond yields briefly fell below 1.00 percent for the first time ever.

Geopolitical tensions have been increasing in several different parts of the world and as a result investors are reducing their appetite for risk, instead investing in the safe haven of bonds in the Eurozone and in the United States. Investor demand for bonds has driven bond prices higher and bond yields lower. We could see 10 year U.S. bond yields fall to 2.00 percent in the months ahead. A 2.0o percent 10 year yield would send average 30 year mortgage rates towards 3.75 percent.

Average rates are still above 4.00 percent but there are many lenders quoting 30 year refinance rates below 4.00 percent. We have over 10 lenders quoting 30 year rates below 4.00 percent on our rate tables with points and without points.  Without providing any personal information, you can check on rates in your state by using the tables to view rates: Rate Tables.

Below is a list of average conforming and jumbo mortgage rates:

Average Conforming Mortgage Rates

  • 30 Year Fixed 4.30%
  • 15 Year Fixed 3.18%
  • 5 Year ARM 3.53%

Average Jumbo Mortgage Rates

  • 30 Year Jumbo Fixed 4.58%
  • 15 Year Jumbo Fixed 3.70%
  • 5 Year Jumbo ARM 3.59%
 
Author: Brian McKay
August 18th, 2014