Best Mortgage Rates Today June 2020 | 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.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 95816, All points, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
2.781%
2.625%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at 1.875 pts
30 day lock rate
Est payment: $1,205
Fees in APR: $6,163
HighTechLending is Here To Help
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.820%
3.625%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
06/06/2020
at 2.000 pts
45 day lock rate
Est payment: $1,369
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.567%
3.375%
USD
Rocket Mortgage Logo
NMLS # 3030
06/06/2020
at 2.000 pts
45 day lock rate
Est payment: $1,327
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
2.719%
2.500%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at 2.750 pts
30 day lock rate
Est payment: $1,186
Fees in APR: $8,713
HighTechLending is Here To Help
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
2.851%
2.750%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at 1.125 pts
30 day lock rate
Est payment: $1,225
Fees in APR: $3,949
HighTechLending is Here To Help
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.991%
3.875%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
06/06/2020
at 1.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $4,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.025%
3.990%
USD
Rocket Mortgage Logo
NMLS # 3030
06/06/2020
at 0.000 pts
45 day lock rate
Est payment: $1,431
Fees in APR: $1,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
3.016%
3.000%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at 0.000 pts
30 day lock rate
Est payment: $1,265
Fees in APR: $613
HighTechLending is Here To Help
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
2.930%
2.875%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at 0.500 pts
30 day lock rate
Est payment: $1,245
Fees in APR: $2,119
HighTechLending is Here To Help
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.739%
3.625%
USD
Rocket Mortgage Logo
NMLS # 3030
06/06/2020
at 1.000 pts
45 day lock rate
Est payment: $1,369
Fees in APR: $4,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
3.125%
3.125%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
06/06/2020
at -0.375 pts
30 day lock rate
Est payment: $1,286
Fees in APR: ($590)
HighTechLending is Here To Help
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.



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

BB&T Mortgage RatesBB&T mortgage rates today are some of the lowest mortgage rates available for both home purchase loans and refinancing loans. Current 30-year mortgage rates from BB&T are at 3.625 percent with $985 in fees and 1.125 points. Today’s 15-year mortgage rates at BB&T are at 2.875 percent with $985 in fees and only 1 point. 30 year refinance rates from BB&T have the same 3.625 percent rate and fees and 15-year refinance rates are quoted at 3.00 percent. To get the best deal on a home loan compare online mortgage rates with BB&T mortgage rates.

 
Author: Brian McKay
December 6th, 2019

NBKC Bank Mortgage RatesNBKC Bank mortgage rates are currently some of the lowest mortgage rates available today. 30-year mortgage rates today from NBKC Bank are currently at 3.25 percent with 1.75 mortgage points. 30-year mortgage rates from NBKC Bank with 1.25 points are also very low at 3.375 percent. Other 30-year mortgage rate and point combinations from NBKC Bank include a 30-year rate of 3.50 percent with 0.625 points. Instead of paying points up front, you can receive cash back if you’re willing to get a higher mortgage rate. Today’s 30 year mortgage rates with minus 0.625 points are at 3.75 percent and 30 year rates with minus 1.25 points are at 3.875 percent. To get the best deal on a home loan, compare other bank’s mortgage rates with NBKC Bank mortgage rates.

 
Author: Brian McKay
November 26th, 2019

Choosing The Right HomeChoosing the right home to purchase isn’t a decision that should be make quickly, there are many factors to consider before taking the plunge and buying a home. What ever type of home you choose the good news is you can afford more of a home because current mortgage rates are near all-time lows. 30 year mortgage rates are averaging 3.75 percent but you can find lenders quoting 30 year rates as low as 3.375 percent if you’re willing to pay points up front.

There are several different types of homes one can choose from, single family, townhome, condo, fixer upper, etc. Depending on what stage of life you’re in will probably be the biggest deciding factor on what type of home to choose. Each type of home has a different initial cost to buy, ongoing costs to maintain, and comes with it’s pros and cons.

Single Family-Home

Single family-homes are one unit structures that have open space on all four sides and are not attached to any other home. Single family homes come in many different styles and sizes, giving you many options to choose from when you’re searching for the home that suits you best. Since these homes usually are more expensive than other options types of homes and require more maintenance inside and outside.

Condominiums (Condos)

Condominiums have separate living spaces that may be attached or detached to one another. Newer condos usually have special features like a common area, fitness center possibly a recreation area. Condo buildings belong
to an association made up of all of its owners of the individual condo units.

An association is in charge of determining rules and regulations of the building as well as the monthly assessment fees that are used to maintain the common areas. Since the association handles the up keep of the building, owning a condo has very low physical maintenance for the owners but you do pay a monthly fee to pay for the convenience. On top of the monthly fee you also have to pay your mortgage and any taxes property taxes assessed to your condo.

Townhomes

Townhomes are usually attached to each other, are vertical in design and sometimes have an attached garage with one or more parking spaces. Townhomes are also typically two stories and the living space usually downstairs and the bedrooms are upstairs. Townhomes can be part of a homeowners association like a condo. You can pay a monthly maintenance fee and have the benefit of not having to deal with exterior maintenance by yourself.

Fixer-Upper

Fixer-uppers can be any type of home that is in need of either extensive repairs or updating. The price point to purchase a fixer-upper is usually much less than a comparable home that doesn’t need repairs or updating. If you’re willing to put in “sweat equity” you can put your personal touch on the home and in the process create equity. Buyers of a fixer-upper need to be prepared for additional costs due to the repairs or updating the home needs. Be sure to get the home professionally inspected and figure out what the costs will be to repair or update the home.

Getting a Pre-Qualifying Letter

Whatever type of home you decide on the next step is to figure out how much home you can afford. A mortgage broker can help you through this process using industry standard practices. Once you figure out how much home you can afford, and how much home your comfortable with paying for each month, ask the mortgage broker for a pre-qualifying letter. This letter will show real estate agents and sellers that you a series buyer that is ready to purchase a home.

 
Author: Brian McKay
October 22nd, 2019

Mortgage Rates Hold Steady This WeekMortgage rates held steady this past week after hitting a new low for 2019 just a few weeks ago. Average 30-year mortgage rates today increased to 3.65 percent last week, up from the prior week’s average rate of 3.64 percent. Back in early September, average 30-year mortgage rates fell to a fresh low of 3.49 percent.

30-year mortgage rates started 2019 a lot higher around 4.50 percent. Forecasts were for 30-year rates to hit 5.00 percent by the end of 2019, but those forecasts will be revised down because rates have fallen about 100 basis points the past two months.

15-year mortgage rates are currently averaging 3.14 percent, a decline from the prior week’s average 15-year rate of 3.16 percent. 15-year rates have gone down since the start of 2019 but the declines haven’t been as much as 30-year rates. Back in January 2019, average 15-year rates were at 3.99 percent, only 85 basis points higher than current 15-year rates.

The decline in mortgage rates the past two months has caused demand for home loans to spike. The Mortgage Bankers Association’s Market Composite Index, a measure of mortgage loan application volume, increased 8.1 percent on a seasonally adjusted basis from one week earlier. The MBA’s Refinance Index increased 14 percent from the prior week.

30-year jumbo mortgage rates had a big decline the past week, falling 10 basis points from 4.07 percent to 3.97 percent. Current mortgage rates on 15-year jumbo loans increased 1 basis point the past week from 3.81 percent to 3.82 percent.

 
Author: Brian McKay
October 7th, 2019