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Best Mortgage Rates Today October 2022 | MonitorBankRates

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.

AimLoan mortgage rates on the lender’s 30-year loan are competitive right now, the current 30-year mortgage rate is at 4.88% with an APR of 5.05%. Total fees on this loan amounts to $6,539 and the total point cost is$1,720. 30 year mortgage rates from AimLoan are not the only competitive rate the lender is offering, 15-year mortgage rates are quoted at 3.88 percent with a 4.18% APR.

AimLoan Rates

AimLoan Mortgage Summary

  • 30-Year 4.88%
  • 20-Year 4.625%
  • 15-Year 3.88%
  • 10-Year 3.75%
  • 10-Year Adjustable 4.75%
  • 7-Year Adjustable 4.375%
  • 5-Year Adjustable 4.00%

Besides these AimLoan mortgage rates, the lender also quotes many other rates with different point and fee combinations. As with any mortgage loan, the more points you pay upfront the lower the mortgage rate will be. You can easily view different mortgage rates and refinance rates by entering your loan scenario on aimloan.com.

 
Author: Brian McKay
July 4th, 2022

Tomo mortgage rates are very competitive right now and are also some of the best mortgage rates available. Current 30-year mortgage rates at Tomo are at 4.875 percent with an APR of 4.95%. If you find a better mortgage rate, Tomo will match that rate.

Tomo Mortgage 30-Year Mortgage Summary

  • 4.875% plus $3,140 points charge
  • 5.00% plus $892 points charge
  • 5.125 with $0 points charge
  • 5.25% with -$892 points credit
  • 5.375% with -$3,176 points credit

Tomo Mortgage 15-Year Mortgage Summary

  • 4.00% plus $2,112 points charge
  • 4.125% plus $1,340 points charge
  • 4.25% with $0 points charge
  • 4.275% with -$2,036 points credit
  • 4.50% with -$3,820 points credit

The Tomo mortgage rates listed above are for a $500,000 loan with 20% down, on a single-family home, primary residence with a 740-credit score. You can search for and compare Tomo mortgage rates with other lender’s rates here: Current Mortgage Rates.

 
Author: Brian McKay
July 3rd, 2022

Sofi mortgage rates are very competitive right now for both their 30-year and 15-year mortgage loans. Sofi mortgage rates today for 30-year loans are at 5.00 percent and current rates for 15-year loans are at 4.125 percent. These mortgage rates at Sofi are quoted with points, 30-year rates are quoted with 1.636 points and the 15-year rate is quoted with 1.953 points.

Sofi Fixed Rate Mortgages

  • 30-Year 5.00%
  • 20-Year 4.625%
  • 15-Year 4.125%
  • 10-Year 4.125%

Sofi Mortgage Features

  • 3% down payment for qualifying first-time homebuyers
  • 5% minimum down payment for all other homebuyers
  • Competitive Mortgage Rates
  • Simple online application
  • $2,000 if Sofi doesn’t close your loan on time

Conclusion

Current mortgage rates at Sofi are some of the best mortgage rates available right now. Sofi also makes applying for a home loan really easy by doing it all online or one-on-one with a mortgage loan officer at (833)-408-7634. You can prequalify online in minutes. You can easily compare Sofi’s rates with other lender’s rates by using our rate tables here: Mortgage Rates Today.

 
Author: Brian McKay
June 30th, 2022

Mortgage Rates Today October 4-21The recent spike in mortgage rates today can be attributed to the increase in 10 year Treasury yields this past week. Average 30-year mortgage rates increased to 2.85 percent earlier today, an increase from an average of 2.82 percent yesterday.

Average 15-year mortgage rates also increased 3 basis points from 2.32 percent yesterday, to an average rate of 2.35 percent today. 15-year jumbo mortgage rates were up 4 basis points, rising from 2.31 percent to 2.35 percent. Average 30-year jumbo mortgage rates had a smaller increase from 2.85 percent to 2.87 percent.

The mortgage rates listed above are average mortgage rates today, you can find rates lower then the averages, especially if you’re willing to pay mortgage points upfront to get a lower rate. Mortgage points are fees you pay upfront, 1 point is equal to 1 percent of the loan amount. Most lenders have a cap on points, usually 2 points in the max you’ll see advertised.

Shorter term adjustable mortgage rates had higher increases since yesterday and week over week. Average 5 year conventional adjustable mortgage rates are at 2.97 percent, up from yesterday’s average rate of 2.91 percent. 5 year jumbo adjustable rates were up 7 basis points, rising from 2.84 percent to 2.91 percent.

Mortgage Rates Today

  • 30-year conforming rates – 2.85%
  • 15-year conforming rates – 2.35%
  • 30-year jumbo rates – 2.87%
  • 15-year jumbo rates – 2.35%
  • 5-year conforming adjustable rates – 2.97%
  • 5-year jumbo adjustable rates  2.91%
  • Compare mortgage rates today

Now is probably a good time to lock in a mortgage rate for either purchasing a home or refinancing a current mortgage. Interest rates are widely expected to continue to increase the rest of 2021, which makes now a good as a time as any to lock in a rate. You can search for and compare mortgage rates today.

 
Author: Brian McKay
October 4th, 2021

Mortgage Rates Move Slightly HigherMortgage rates moved slightly higher this week but are not much higher from all-time lows. 30-year mortgage rates are currently averaging 3.69 percent, up from the prior week’s average 30-year rate of 3.68 percent. If you’re looking for a mortgage to purchase a home or refinance an existing loan, you can easily find 30-year mortgage rates below the average of 3.69 percent. For example, right now on our mortgage rate tables there are lenders quoting 30-year mortgage rates at 3.00 percent.

Average Conforming Mortgage rates

  • 30-year 3.69%, up 0.01%
  • 15-year 3.19%, up 0.02%
  • 5-year adjustable 3.66%, up 0.04%

Average Jumbo Mortgage Rates

  • 30-year jumbo 3.73%, up 0.03%
  • 15-year jumbo 3.23%, down 0.01%
  • 5-year jumbo adjustable 3.72%, unchanged

Low Mortgage Rates Fueling Home Purchases

These near record low mortgage rates are enticing buyers into the market during the winter, which historically has been a slow time for home purchases. The Mortgage Bankers Association reported mortgage applications for new home purchases increased 35.3 percent compared from a year ago. Compared to December 2019, applications increased by 40 percent.

To get the best deal on a mortgage for a home purchase or refinancing a current loan search for and compare mortgage rates right here at MonitorBankRates.com.

 
Author: Brian McKay
February 20th, 2020

LightLightPoint Mortgage Company Mortgage RatesPoint Mortgage Company mortgage rates are very competitive when compared to other online mortgage rates. For example, current 30-year mortgage rates at LightPoint Mortgage Company are quoted at only 3.125 percent with 1.875 points. Today’s national average 30-year mortgage rate is about 50 basis points (bps) higher at 3.62 percent. If you don’t want to pay almost 2 points upfront on a home loan, 30-year mortgage rates from LightPoint Mortgage Company are also quoted at 3.25 percent with 0.875 points. Another loan option is to have LightPoint pay you 0.25 points, that’s right, LightPoint will pay you $250 for every $100,000 you borrow. Of course the mortgage rate is higher on this loan at 3.50 percent but the rate is still lower than the national average of 3.625 percent.

To get the best deal on a home loan search for and compare online mortgage rates with LightPoint Mortgage Company Mortgage Rates.

 
Author: Brian McKay
February 9th, 2020

Mortgage Rates Today January 14, 2020Mortgage rates today on both conforming and jumbo mortgage loans are lower compared to last week’s average rates. Mortgage rates tumbled over the summer of 2019, following the sharp decline in U.S. Treasury yields. Since that time, mortgage rates have been range-bound after hitting a low in September 2019. In the fall of 2019, mortgage rates were just above all-time lows hit in 2013. In fact, rates were poised to make new lows but rates slowly crept higher.

Last fall, average 30-year mortgage rates hit a low of 3.49 percent, only 14 basis points from 2013’s all-time low of 3.35 percent. Current mortgage rates on 30-year conforming loans are averaging 3.80 percent, down from the prior week’s average rate of 3.83 percent. As you can see, average 30-year rates are only 45 BPS from the all-time record low of 3.35 percent.

Today’s mortgage rates on 15-year conventional loans are averaging 3.25 percent, a decline from the previous week’s average 15-year rate of 3.27 percent. The all-time low for average 15-year mortgage rates was 2.56 percent back in the spring of 2013, only 74 BPS lower than current rates.

Mortgage rates will continue to be range-bound for most of 2020. We don’t expect rates to move much higher than current levels. It is more likely that rates will move lower, especially if economic growth slows or if there is a recession in 2020. If there is a slow down or a recession, we will most likely see mortgage rates hit new all-time lows in 2020.

Average Mortgage Rates Today

Conforming Mortgage Rates

  • Today’s mortgage rates on 30-year loans are averaging 3.80 percent, a decline from an average 30-year rate of 3.83 percent.
  • Current mortgage rates on 15-year fixed-rate home loans are averaging 3.25 percent, down from an average 15-year rate of 3.27 percent.
  • Mortgage rates today on 5-year adjustable home loans are averaging 3.43 percent, a slight increase from last week’s average 5-year adjustable rate of 3.41 percent.

Jumbo Mortgage Rates

  • 30-year jumbo mortgage rates are averaging 3.99 percent, down from an average 30-year jumbo rate of 4.01 percent.
  • 15-year jumbo mortgage rates today are averaging 3.49 percent, down from the prior week’s average 15-year jumbo rate of 3.52 percent.
  • Current mortgage rates on 5-year jumbo loans are averaging 3.19 percent, unchanged from the previous week’s average 5-year jumbo adjustable rate.

Search for and compare mortgage rates online at MonitorBankRates.com.

 
Author: Brian McKay
January 14th, 2020

Mortgage Rates for December 20th, 2019Mortgage rates for December 20th, 2019, inched higher but thankfully there were no big moves higher. Mortgage rates on 30-year conforming loans are averaging 3.77 percent, up from this past Monday’s average rate of 3.75 percent. Average 30-year mortgage rates are up 7 basis points week over week, during the same time 10-year U.S. Treasury yields were up 10 basis points. We expect average mortgage rates to remain near current levels for the rest of the year and into 2020. To get the best deal on a mortgage loan, compare online mortgage rates with average mortgage rates for December 19, 2019.

December 20, 2019 Mortgage Rates

Conforming Mortgage Rates

  • Current mortgage rates on 30-year home loans are averaging 3.75 percent, up from an average 30-year rate of 3.70 percent.
  • Mortgage rates today on 15-year fixed rate loans are averaging 3.22 percent, up from an average 15-year rate of 3.19 percent.
  • Today’s mortgage rates on 5-year adjustable mortgage rates are averaging 4.22 percent, an increase from an average 5-year adjustable rate of 4.20 percent set earlier this week.

Jumbo Mortgage Rates

  • 30-year jumbo mortgage rates today are averaging 3.93 percent, a decline from an average 30-year jumbo rate of 4.02 percent.
  • 15-year jumbo mortgage rates are currently averaging 3.80 percent, a decline from an average 15-year jumbo rate of 3.91 percent.
  • Today’s 5-year jumbo adjustable mortgage rates are averaging 3.63 percent, a sharp decline from an average 5-year jumbo rate of 3.86 percent.

Search for and compare mortgage rates today to get the lowest rate and fees on a home loan.

 
Author: Brian McKay
December 20th, 2019

Mortgage Rates Higher TodayMortgage rates moved higher today following the sharp increase in U.S. Treasury yields on Thursday. Average 30-year mortgage rates increased to 3.75 percent, up from an average rate of 3.70 percent on December 10th. 15-year mortgage rates today are currently averaging 3.19 percent, an increase from an average rate of 3.15 percent set earlier this week.

Treasury yields moved 11 basis points (bps) higher on the news the U.S. might trim existing tariffs on Chinese goods and delay tariffs set to kick in on Sunday. We expect mortgage rates to move higher from current levels over the weekend, but the increases will be less than 5 bps, unless a trade deal is actually reached, which is unlikely.

Average Mortgage Rates Today

Conventional Mortgage Rates

  • Today’s mortgage rates on 30-year home loans are averaging 3.75 percent, up from an average 30-year rate of 3.70 percent.
  • Current mortgage rates on 15-year fixed rate loans are at 3.19 percent, an increase from an average 15-year rate of 3.15 percent.
  • 5-year adjustable mortgage rates are currently averaging 4.00 percent, higher from an average 5-year adjustable rate of 3.96 percent set earlier this week.

Jumbo Mortgage Rates

  • Current 30-year jumbo mortgage rates are averaging 4.02 percent, up from an average 30-year jumbo rate of 4.01 percent.
  • Today’s 15-year jumbo mortgage rates are averaging 3.91 percent, up 2 basis points from 15-year jumbo rate of 3.89 percent.
  • 5-year jumbo adjustable mortgage rates today are averaging 3.86 percent, a sharp increase from an average 5-year jumbo rate of 3.81 percent.

To make sure you’re getting the best deal on loan for a home purchase or refinance, search for and compare current mortgage rates online.

 
Author: Brian McKay
December 15th, 2019

Mortgage Rates December 10th 2019After plummeting over the summer, average mortgage rates have been stable the past several months. Mortgage rates changed little week over week with the biggest decline being in average rates for short term adjustable mortgage rates. We expect mortgage rates to pretty much stay near current levels the rest of the year, barring any macroeconomic events.

Mortgage rates in 2020 will also likely remain near current levels, at least for the first half of the year. The likelihood of a recession increases as the year goes on, which would send mortgage rates down from present levels. If a recession does hit next year, we could be looking at record low mortgage rates in 2020 since current rates are just above record lows set in 2012.

Mortgage Rates December 10, 2019 

Conforming Mortgage Rates

  • Current mortgage rates on 30-year fixed rate loans are averaging 3.70 percent, a slight uptick from last week when average 30-year rates were at 3.68 percent.
  • Today’s mortgage rates on 15-year fixed rate loans are at 3.15 percent, a small decline from last week’s average 15-year rate of 3.16 percent.
  • Conforming 5-year adjustable mortgage rates are averaging 3.96 percent, down from the previous week’s average 5-year rate of 4.03 percent.

Jumbo Mortgage Rates

  • 30-year jumbo mortgage rates are currently averaging 4.01 percent, down from the prior week’s average 30-year jumbo rate of 4.04 percent.
  • 15-year jumbo mortgage rates today are averaging 3.89 percent, unchanged from last week’s average 15-year jumbo rate
  • 5-year jumbo adjustable mortgage rates are averaging 3.81 percent, a decline of last week’s average 5-year jumbo rate of 3.87 percent.

To get the best deal on a mortgage loan, compare online mortgage rates today.

 
Author: Brian McKay
December 10th, 2019