Best Mortgage Rates Today September 2019 | 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.

Reasons for Home OwnershipOwning a home is an American dream that millions achieve each and every year. When owning your own home, you can increase your degree of ownership with every mortgage payment because some of your payment goes towards principal, paying down the money you borrowed. This process is referred to as “building up equity” and if the equity in your home grows greater than 20%, you may be able to borrow against your equity, should the need arise.

You can borrow money to pay for a major purchase in the future, pay down credit cards, or for any other reason. Of course, it’s always wise to be prudent with money and the same holds true with the equity in your home. Millions of people elect not to tap the equity in their home and some see investing in their home as another way of saving for retirement.

Another benefit of owning a home is tax relief. If you are paying down a mortgage on your home, you can deduct your mortgage interest and property taxes. Taking these deductions lowers your overall tax bill and may even result in a refund. A recent tax law change capped the amount of “SALT” (state and local taxes) you can deduct to $10,000.

Note: Always consult your accountant for any tax advice.

Current mortgage rates are near historical lows and are another reason to purchase a home now. The amount of money you finance with your mortgage costs you less because mortgage rates are low. These low mortgage rates also allow you to borrow more money, which can mean buying a larger home or a home in an area you thought might be out of your range.

Owning a home also gives you greater flexibility to improve your home and make changes that will improve the value of your home. As a renter, any improvements you make, if you’re even allowed to make improvements, will only benefit the landlord and their property. When you own your own home, you don’t have to worry about your lease ending, the landlord increasing your rent, or them deciding to sell and forcing you to move.

If you purchase a home with a fixed mortgage rate, your combined principal and interest payments will remain the same for the life of the loan. Please note, if you have your property taxes and insurance payments escrowed, bundled into your mortgage payment, your overall payment can increase as property taxes and/or insurance costs increase.

The first step towards homeownership is finding out how much you are comfortable spending. You can figure this out on your own but an easier way is to work with a mortgage broker. You can also “pre-qualify” for a home loan, which shows realtors and sellers that you’re a serious buyer. You can start this process by finding a lender with a great mortgage rate at MonitorBankRates.com.

 
Author: Brian McKay
September 17th, 2019

Citizens Bank Mortgage RatesCitizens Bank mortgage rates are very competitive right now and if you setup automatic payments from a Citizens Bank checking account, you get an additional 0.125 percent rate discount. Current 30 year mortgage rates at Citizens Bank are quoted at 3.75 percent with only 0.125 mortgage points. Their 15 year mortgage rates are also a good deal at 3.125 percent. If you’re looking for an adjustable mortgage, Citizens Bank’s 7 year mortgage rates are quoted at 3.50 percent. To get the best deal on a home loan compare other lenders’ rates with Citizens Bank mortgage rates.

 
Author: Brian McKay
September 2nd, 2019

Polaris Funding Group Mortgage RatesPolaris Funding Group mortgage rates are some of the best mortgage rates available these days. Fixed 30-year mortgage rates for a home purchase are currently quoted at 3.50 percent with $900 in mortgage fees.  Polaris Funding Group’s 15-year mortgage rates are also very competitive right now at 3.00 percent and only $300 in fees. If you’re looking for non-traditional mortgage terms, 20-year mortgage rates from Polaris Funding Group are quoted at 3.375 percent and 10-year mortgage rates are quoted at 2.75 percent.

Besides long term fixed mortgage rates, Polaris Funding Group also offers adjustable rate mortgages in terms of 10 years, 7 years, and 5 years. Current 10-year adjustable mortgage rates at Polaris Funding Group are quoted at 3.875 percent. 7 year and 5-year adjustable rates are currently quoted at 3.375 percent.

To get the best deal on a home loan, see how other lenders’ mortgage rates compare to Polaris Funding Group mortgage rates.

 
Author: Brian McKay
July 9th, 2019

People's United Bank Mortgage RatesPeople’s United Bank mortgage rates are very competitive right now with low fees. Current 30 year mortgage rates at People’s United Bank are at 3.75 percent with no points and only $848 in mortgage fees. Their 30 year FHA mortgage rates are quoted slightly below at 3.625 percent. Today’s 15 year mortgage rates from People’s United at a low rate of 3.375 percent with no points and the same $848 in fees.

Adjustable mortgage rates from People’s United are also some of the best rates available. 10 year adjustable mortgage rates are at 3.25 percent, 7 year adjustable rates are currently at 3.125 percent and 5 year adjustable rates are quoted at 3.00 percent. All these adjustable rates were quoted to us with no points.

Besides the standard fixed and adjustable rate mortgages, People’s United also offers jumbo home loans and People’s Affordable Mortgage which is an affordable loan option for home buyers with limited funds. To get the best deal on a mortgage loan, compare other lenders’ rates with People’s United Bank mortgage rates.

 
Author: Brian McKay
June 11th, 2019

Fall River Five Cents Savings Bank mortgage rates were recently lowered and are very competitive right now. Fall River Five Cents’ current 15 year mortgage rates are an even better deal than their 30 year mortgage rates. At 3.75 percent with no points and only $525 in fees, it’s seriously worth considering a 15 year mortgage with them. Current 30 year mortgage rates at Fall River Five Cents Savings Bank are at 4.125 percent with no mortgage points and only $525 in fees. 20 year mortgage rates from Fall River Five Cents Savings Bank are slightly lower at 4.00 percent with no points and $525 in fees.

Compare Fall River Five Cents Savings Bank mortgage rates with other lenders’ mortgage rates to get the best deal on a home loan today.

 
Author: Brian McKay
April 24th, 2019

IBC Bank Mortgage RatesInternational Bank of Commerce (IBC) mortgage rates were recently lowered and are now even more competitive for home loans in Texas. Current 15 year mortgage rates today from IBC Bank are the best deal at 4.00 percent with no points and the same $1,258 in fees. 30 year conforming mortgage rates from IBC Bank are at 4.75 percent with zero points and only $1,258 in mortgage fees.

These two mortgage rates quoted above are just a small sample of mortgage products offered by IBC Bank. In fact, IBC offers over 40 different types of loan programs for home purchases and refinancing. IBC also offers home equity loans with up to 80 percent financing and up to 90 percent financing in the state of  Oklahoma.

Applying for a mortgage, home equity loan, or home equity line of credit from IBC can be easily done online at IBC Bank Mortgage Loan Application.

To get the best rate and deal on a home loan, see how other lenders’ mortgage rates compare with IBC Bank mortgage rates.

 
Author: Brian McKay
March 29th, 2019

Pinnacle Bank Mortgage RatesPinnacle Bank mortgage rates on fixed conforming loans are really competitive right now with low fees. 30 year mortgage rates at Pinnacle Bank are currently quoted at 4.75 percent with 1 mortgage point and only $898 in fees. Paying points up front allows a borrower to get a lower mortgage rate from Pinnacle Bank or other lenders. 15 year mortgage rates from Pinnacle Bank are quoted at 4.25 percent with the same points and fees as the bank’s 30 year loan.

Less popular loan terms with competitive mortgage rates are also offered at Pinnacle. Current 10 year mortgage rates from Pinnacle are quoted at 4.25 percent with 1.125 points and the same $898 in fees. 20 year mortgage rates from Pinnacle are at 4.50 percent with the same points and fees as the 10 year loan.

To get the best deal on a home loan, you need to compare the mortgage rate, mortgage points you have to pay up front, and the total amount of fees. See how other lenders’ rates compare with Pinnacle Bank’s mortgage rates.

 

 
Author: Brian McKay
March 7th, 2019

Bank of Oak Ridge Mortgage RatesBank of Oak Ridge mortgage rates are very low right now and beat most online mortgage rates today. 30 year mortgage rates at Bank of Oak Ridge are at 4.375 percent with 0.25 points and $853 in fees. 15 year mortgage rates from Bank of Oak Ridge are currently at 3.75 percent with no mortgage points and $853 in fees. Most other lenders’ 15 year mortgage rates that low require you to pay points upfront. 20 year mortgage rates from Bank of Oak Ridge, which is a less popular mortgage term, are offered at 4.25 percent with 0.25 points and the same $853 in fees.

Adjustable mortgage rates from Bank of Oak Ridge are also some of the best rates available right now. 7 year adjustable mortgage rates are at 4.50 percent with 0.25 points and 5 year adjustable rates are currently quoted at 4.375 percent with 0.25 points.

To get the best deal on a home loan today, compare other online rates with Bank of Oak Ridge mortgage rates.

 
Author: Brian McKay
March 3rd, 2019

Mortgage Rates Decline Again in 2019Mortgage rates on both conforming and jumbo loans declined again this week, continuing the downtrend in 2019. Current conforming 30 year mortgage rates today are averaging 4.48 percent, down from the prior week’s average 30 year mortgage rate of 4.49 percent. This rate is the current average 30 year rate but there are many lenders quoting rates below the average. Right now on our rate table, we have lenders quoting 30 year mortgage rates as low as 4.25 percent with no mortgage points.

Conforming 15 year mortgage rates are averaging 3.75 percent today, down slightly from the previous week’s average 15 year rate of 3.76 percent. Currently, the lowest 15 year refinance rate on our rate list is quoted at 3.625 percent with no mortgage points. Conventional 5 year adjustable mortgage rates are currently averaging 4.06 percent, down from last week’s average rate of 4.08 percent. The lowest 5 year adjustable refinance rate quoted on the rate table is much lower at 3.25 percent with no points.

Today’s mortgage rates on 30 year jumbo loans are currently averaging 4.40 percent, up 4 basis points from last week’s average rate of 4.36 percent. The best 30 year jumbo refinance rates quoted on our rate table right now are at 3.85 percent with 1.10 mortgage points.

15 year jumbo mortgage rates are averaging 4.15 percent, down 1 basis point from the prior week’s rate of 4.16 percent. The best 15 year jumbo refinance rates quoted on the rate table are at 3.625 percent with 0.10 mortgage points.

5 year adjustable jumbo mortgage rates are averaging 3.93 percent, down from the previous week’s average adjustable jumbo rate of 3.97 percent. The lowest 5 year jumbo adjustable rate quoted on the rate table is more than 50 basis points lower at 3.25 percent with 0.10 points.

Search for and compare mortgage rates today in your state to get the best deal on a home loan.

 
Author: Brian McKay
January 30th, 2019

Mortgage Rates Hit New Lows in 2019Mortgage rates today have hit new lows for 2019 on both conforming and jumbo mortgages. The downtrend of the last three months is likely to continue as long term bond yields decline. Average 30 year conforming mortgage rates are at 4.49 percent, down from last week’s average 30 year rate of 4.51 percent. Mortgage rates on 15 year conforming loans are averaging 3.70 percent, a decline from the previous week’s average 15 year rate of 3.76 percent.

Jumbo mortgage rates are also down week over week and should continue to move lower in the coming weeks. 30 year jumbo mortgage rates today are averaging 4.36 percent, down from an average 30 year jumbo rate of 4.42 percent. Today’s mortgage rates on 15 year jumbo loans are averaging 4.09 percent, down from 4.16 percent last week. See how mortgage rates today compare to get the best deal on a mortgage loan.

 
Author: Brian McKay
January 8th, 2019