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: $1,405.34
Fees in APR: None
 
 
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loanDepot Logo
NMLS # 174457
(877) 561-0247
at 0.000 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $195
 
 
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Pentagon Federal Credit Union Logo
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: None
 
 
Next button
Discover Home Loans, Inc Logo
NMLS # 837915
(877) 915-5390
at 0.000 pts
40 day lock rate
Est payment: $1,429.77
Fees in APR: $995
 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.000 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: None
The Experience is the Difference 
 
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loanDepot Logo
NMLS # 174457
(877) 561-0247
at 1.000 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
 
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Discover Home Loans, Inc Logo
NMLS # 837915
(877) 915-5390
at 0.625 pts
40 day lock rate
Est payment: $1,417.52
Fees in APR: $995
 
 
Next button
Pentagon Federal Credit Union Logo
at 1.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
 
Next button
Sebonic Financial Logo
NMLS # 66247
State Lic # No.8701663
(877) 661-8303
at 1.000 pts
30 day lock rate
Est payment: $1,393.22
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 
 
Next button
Sebonic Financial Logo
NMLS # 66247
State Lic # No.8701663
(877) 661-8303
at 2.000 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: None
 
 
Next button
loanDepot Logo
NMLS # 174457
(877) 561-0247
at 2.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $1,950
 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 1.250 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: None
The Experience is the Difference 
 
Next button
Discover Home Loans, Inc Logo
NMLS # 837915
(877) 915-5390
at 1.875 pts
40 day lock rate
Est payment: $1,393.22
Fees in APR: $995
 
 
Next button
PNC Bank
3.809%
9/17/2014
3.750%
at 0.000 pts
45 day lock rate
Est payment: $1,454.44
Fees in APR: $807
 
 

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.



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

Mortgage rates are hovering just above the low for 2014. Conventional 30 year mortgage rates are currently averaging 4.19 percent, a decline from last week’s average 30 year rate of 4.26 percent. The lowest point for 30 year conforming rates in 2014 was 4.12 percent earlier this month. The highest point was 4.53 percent back in January.

So far in 2014, mortgage rates have headed in the opposite direction than they were forecasted. Late in 2013, forecasts were for 30 year mortgage rates to hit 5.00 percent sometime this year. While this is still possible, it is getting more and more unlikely as we move into the 8th month of the year.

A more likely scenario is for 30 year conforming rates to remain near current levels. Rates probably won’t move below 4.00 percent unless the situation in the Ukraine gets a lot worse and investors free equities to the safety of U.S. Treasuries. As investors buy bonds, bond prices move higher and bond yields move lower. Mortgage rates are tied to bond yields, so lower yields means lower rates on mortgages.

On the high end, average 30 year rates could move above 4.50 percent or even higher in 2014. The key to higher rates is a strong economy, a lower unemployment rate, and the threat of inflation. Several key economic reports will be released this week that could send bond yields and mortgage rates higher.

The most influential report will be nonfarm payrolls scheduled to be released this Friday at 8:30 AM. Forecasts are for 250,000 jobs having been created and for the unemployment rate to hold steady at 6.1 percent. Any decline in the unemployment rate or job growth higher than 300,000 will send rates higher.

Overall, mortgage rates will move higher from current levels. Strictly speaking in terms of rates, if you’re thinking about refinancing your mortgage or buying a home, you should do so now. Refinance rates are probably at the low point for this year and likely at the lowest point we will ever see. Rates are moving higher in the coming years, so locking in a fixed long term rate is your best bet.

Listed below are average mortgage rates today for fixed conforming and fixed jumbo mortgages:

Average Conforming Mortgage Rates

  • 30 Year Rates 4.19%
  • 15 Year Rates 3.23%

Average Jumbo Mortgage Rates

  • 30 Year Rates 4.68%
  • 15 Year Rates 3.70%

The lowest rates available right now in our rate database are below:

Lowest Conforming Mortgage Rates Available

  • 30 Year Rates 3.625% 2 Mortgage Points
  • 15 Year Rates 2.75%  1 Mortgage Point

Lowest Jumbo Mortgage Rates Available

  • 30 Year Rates 3.75% 2 Mortgage Points
  • 15 Year Rates 3.125% 1 Mortgage Point
 
Author: Brian McKay
August 2nd, 2014

Average 15 year mortgage rates today are lower, following 10 year U.S. Treasury yields lower. Mortgage rates have fallen in 2014, just the opposite of what was expected to happen. When the Federal Reserve embarked on slowing their monthly buys of mortgage-backed securities (MBS) and long term U.S. Treasuries, interest rates were expected to move higher.

The Fed was buying $85 billion a month in these securities last year and has lowered the monthly amount down to $35 billion a month in July. The Fed also announced they would cease these purchases in October. So why haven’t bond rates and mortgage rates moved higher in 2014?

The reason being that China has played a big roll in keeping bond yields low and indirectly keeping mortgage rates low. China has increased its purchasing of  U.S. bonds this year at the fastest pace in more than 30 years. When there is more demand for U.S. bonds, bond prices move higher and bond yields move lower.

Lenders tie mortgage rates to bond yields, so when bond yields move lower, mortgage rates also move lower. There is an interesting article in the Wall Street Journal that shows how much China has been buying this year. You can read the article here: China Plays a Big Role as U.S. Treasury Yields Fall.

Average Mortgage Rates Today July 21, 2014

  • Conforming 30 Year Rates 4.27%
  • Conforming 15 Year Rates 3.27%
  • Conforming 5/1 ARM Rates 3.47%
  • Jumbo 30 Year Rates 4.57%
  • Jumbo 15 Year Rates 3.71%
  • Jumbo 5/1 ARM Rates 3.51%

Lowest Mortgage Rates Available Today July 21, 2014

  • Conforming 30 Year Rate 3.265%
  • Conforming 15 Year Rate 2.875%
  • Conforming 5/1 Rate 2.625%
  • Jumbo 30 Year Rate 3.875%
  • Jumbo 15 Year Rate 3.375%
  • Jumbo 5/1 ARM Rate 2.625%

You can view lender’s rates in your state by searching our tables here: Current Mortgage Rates.

 
Author: Brian McKay
July 21st, 2014