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
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.100 pts
30 day lock rate
Est payment: $926.23
Fees in APR: $700
Thank you for your inquiry, we will be in touch shortly. 
 
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e-Lend Logo
NMLS # 2826
State Lic # MC-3282
at 1.000 pts
30 day lock rate
Est payment: $926.23
Fees in APR: $600
 
 
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Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.100 pts
30 day lock rate
Est payment: $898.09
Fees in APR: $3,024
Thank you for your inquiry, we will be in touch shortly. 
 
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ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 790396
at 1.000 pts
30 day lock rate
Est payment: $912.10
Fees in APR: $1,126
 
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eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.000 pts
30 day lock rate
Est payment: $940.47
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
e-Lend Logo
NMLS # 2826
State Lic # MC-3282
at 0.000 pts
30 day lock rate
Est payment: $953.68
Fees in APR: None
 
 
Next button
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 790396
at 0.000 pts
30 day lock rate
Est payment: $940.47
Fees in APR: None
 
Next button
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.000 pts
30 day lock rate
Est payment: $926.23
Fees in APR: $310
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 790396
at 2.000 pts
30 day lock rate
Est payment: $898.09
Fees in APR: $2,528
 
Next button
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 1.100 pts
30 day lock rate
Est payment: $912.10
Fees in APR: $700
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 1.100 pts
30 day lock rate
Est payment: $884.19
Fees in APR: $2,430
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
E-Click Lending Logo
NMLS # 1256692
State Lic # MC-5920
(877) 275-4211
at 0.000 pts
30 day lock rate
Est payment: $954.83
Fees in APR: None
 
 
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Ally Bank Logo
NMLS # 181005
at 0.000 pts
60 day lock rate
Est payment: $954.83
Fees in APR: $870
 
 
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Flagstar Bank Logo
NMLS # 417490
at 0.000 pts
30 day lock rate
Est payment: $953.68
Fees in APR: $94
Thank you for your inquiry! 
 
Next button
Flagstar Bank Logo
NMLS # 417490
at 0.100 pts
30 day lock rate
Est payment: $926.23
Fees in APR: $1,968
Thank you for your inquiry! 
 
Next button
Flagstar Bank Logo
NMLS # 417490
at 1.100 pts
30 day lock rate
Est payment: $912.10
Fees in APR: $2,042
Thank you for your inquiry! 
 
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Virginia Credit Union
4.069%
11/21/2017
4.000%
at 0.000 pts
45 day lock rate
Est payment: $954.83
Fees in APR: $1,650
 
 
Northwest Federal Credit Union
4.045%
11/22/2017
4.000%
at 0.500 pts
45 day lock rate
Est payment: $954.83
Fees in APR: $79
 
 
IAB Financial Bank
4.285%
11/22/2017
4.250%
at 0.000 pts
30 day lock rate
Est payment: $983.88
Fees in APR: $828
 
 
Raymond James Bank, NA
4.305%
11/21/2017
4.250%
at 0.000 pts
45 day lock rate
Est payment: $983.88
Fees in APR: $1,299
 
 
State Department Federal Credit Union
4.209%
11/20/2017
4.125%
at 0.000 pts
60 day lock rate
Est payment: $969.30
Fees in APR: $2,000
 
 
Santander Bank, N.A.
4.209%
11/22/2017
4.125%
at 0.000 pts
60 day lock rate
Est payment: $969.30
Fees in APR: $2,004
 
 
Bank of America
4.122%
11/22/2017
4.000%
at 0.816 pts
60 day lock rate
Est payment: $954.83
Fees in APR: $1,289
 
 
LincolnWay Community Bank
3.920%
11/21/2017
3.875%
at 0.000 pts
30 day lock rate
Est payment: $940.47
Fees in APR: $1,085
 
 
Langley Federal Credit Union
3.770%
11/22/2017
3.750%
at 0.000 pts
30 day lock rate
Est payment: $926.23
Fees in APR: $495
 
 
First Citizens Bank
4.141%
11/17/2017
4.000%
at 1.250 pts
60 day lock rate
Est payment: $954.83
Fees in APR: $872
 
 
Regions Bank
4.290%
11/17/2017
4.250%
at 0.000 pts
45 day lock rate
Est payment: $983.88
Fees in APR: $950
 
 
Bank of Oak Ridge
4.117%
11/16/2017
4.060%
at 0.250 pts
60 day lock rate
Est payment: $961.76
Fees in APR: $853
 
 
The Fidelity Bank
4.066%
11/17/2017
4.000%
at 0.362 pts
30 day lock rate
Est payment: $954.83
Fees in APR: $863
 
 
Fulton Bank, NA
4.084%
11/21/2017
4.000%
at 0.500 pts
60 day lock rate
Est payment: $954.83
Fees in APR: $1,007
 
 
Bank of Charles Town
4.096%
11/20/2017
4.060%
at 0.000 pts
45 day lock rate
Est payment: $961.76
Fees in APR: $853
 
 
Apple Federal Credit Union
4.056%
11/22/2017
4.000%
at 0.500 pts
60 day lock rate
Est payment: $954.83
Fees in APR: $352
 
 
Citizens Bank, NA
4.184%
11/17/2017
4.125%
at 0.000 pts
60 day lock rate
Est payment: $969.30
Fees in APR: $1,408
 
 

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.



Ally Bank which is probably best known for their competitive CD rates has also become a mortgage lender. Ally Bank mortgage rates are competitive right now and Ally also offers a price match guarantee. Current Ally Bank mortgages are available for both home purchases and refinances and the rates are competitive for both type of products. Current mortgage rates on Ally Bank’s 30 year mortgage for a home purchase or a refinance are at 3.875 percent.

Ally Bank Mortgage RatesAlly Bank’s website has a wealth of information on the process of applying for a home loan, such as the benefits of refinancing, calculators, and other information. The price match guarantee has some minor details. If you find a better mortgage rate, you have to send Ally the other lender’s loan estimate. Ally will match the other lender’s mortgage rate and points as long as it’s for the same loan term. You also have to make sure the loan estimate is dated within the past 5 business days.

Current Ally Bank Mortgage Rates

  • 30 Year Fixed – 3.75% – 1.01 Points
  • 25 Year Fixed – 3.75% – 1.14 Points
  • 20 Year Fixed – 3.50% – 1.05 Points
  • 15 Year Fixed – 3.125% – 1.00 Point
  • 10 Year Fixed – 3.125% – 1.14 Points
  • 10/1 Adjustable – 3.50% 0.87 Points
  • 7/1 Adjustable – 3.25% 0.73 Points
  • 5/1 Adjustable – 3.125% 0.80 Points

There are many different rate/point combinations, too many to list here but you can go to Ally’s website and see all of their rates. When you check rates on their website, you can also see how Ally’s rates compare with some of the biggest bank’s mortgage rates. You will see Ally’s rates compared with Bank of America, Wells Fargo and Chase Bank.

When you apply for a mortgage, a good first step is to prequalify for a home loan. You can do this online at Ally’s website or by calling an Ally Home Loan Advisor at 1-855-256-2559.

 
Author: Brian McKay
October 5th, 2017

Mortgage rates just hit a new low for 2017 on the heels of lower bond yields. Average 30 year mortgage rates are lower this week to 3.69 percent, down from last week’s average rate of 3.75 percent. 10 year bond yields fell to 2.13 percent, putting downward pressure on mortgage rates.

For a little perspective on how low rates are right now, the all-time low for average 30 year rates is 3.30 percent, set back in 2012. Forecasts for higher mortgage rates in 2017 were wrong. At the beginning of the year, forecasts were for 30 year rates to move towards 5.00 percent.

Why are mortgage rates moving lower despite GDP growth and employment growth being strong? In short, low inflation. Despite the unemployment rate falling to 4.3 percent in July and 2nd quarter GDP growth coming in at a strong 2.6 percent rate, inflation isn’t a concern.

Low inflation will keep the Federal Open Market Committee from raising interest rates. The Labor Department said July’s Consumer Price Index rose only 0.1 percent in July. Over the past 12 months, CPI rose 1.7 percent, below the FOMC’s target of 2.00 percent.

Where are Mortgage Rates Headed in 2017?

A lot will depend on whether or not the Fed increases the fed funds rate. The Fed has telegraphed three fed funds rate increases this year and has raised the rate twice already. This leaves one more rate increase in 2017. The Fed has three more meetings scheduled this year and the chances of that third rate increase happening are diminishing.

There is a slim chance of a rate hike during the next two Fed meetings, according to the CME Group’s FedWatch Tool. The likelihood of a rate increase during the September meeting is at 2.7 percent. The chance of a rate hike during the October meeting is lower, at 1.09 percent.

There is a higher chance of a rate hike during the December meeting but even that chance is diminishing. Last month the FedWatch Tool had a 42.8 percent chance of a rate hike in December, that has been lowered to 31.2 percent as of today.

It’s unlikely mortgage rates will move higher in 2017, especially if the Fed doesn’t raise rates any more this year. Long term bond yields are also falling because it’s unlikely the Fed will increase rates. These factors will put downward pressure on mortgage rates.

For the rest of 2017, average 30 year mortgage rates will remain under 4.00 percent and possibly under 3.75 percent. Average 15 year mortgage rates currently at 2.96 percent and will likely remain near the 3.00 percent level.

 
Author: Brian McKay
September 7th, 2017

Mortgage rates continue to move lower, defying predictions of higher mortgage rates in 2017. In fact, mortgage rates today just hit a new low for 2017 and are only about 50 basis points above an all-time low set in 2013. Conforming 30 year mortgage rates hit a low of 3.76 percent today, down from last week’s average of 3.81 percent.

The latest catalyst driving mortgage rates lower was a weak May jobs report showing job creation of only 138,000 jobs, less than the expected number of 185,000. This news sent bond yields lower and in turn sent average mortgage rates lower.

10 year bond yields are lower again this morning falling 5 basis points. This decline will put additional downward pressure on mortgage rates. 30 year rates will possibly fall below 3.70 percent by tomorrow or Wednesday.

15 year mortgage rates are also down 5 basis points over last week’s average rate. The current average 15 year mortgage rate is at 3.00 percent, a decline from the prior week’s average mortgage rates of 3.05 percent. We will see 15 year rates fall below 3.00 percent over the next couple of days.

The all-time record average low for 15 year rates was 2.56 percent set in May 2013. While we won’t see average 15 year rates fall that low again unless there is a recession, rates will decline in the coming weeks.

Average 5 year adjustable mortgage rates are also lower today, falling to 3.15 percent, down from an average rate of 3.21 percent last week. The all-time record average low rate for 5 year adjustable mortgages was also 2.56 percent set in May 2013.

The rates above are average rates, you can find lenders quoting rates below the average with and without mortgage points. You can search for lenders offering mortgages in your state by searching our rate lists at mortgage rates and you don’t have to provide any personal information to view a list of rates.

 
Author: Brian McKay
June 6th, 2017

The relentless rise in mortgage rates has paused this week as average 30 year mortgage rates fell. Since Trump was elected President almost a month ago, 30 year mortgage rates have moved higher from just under 3.50 percent to a high of 4.11. This is one of the largest monthly increases in mortgage rates since the run-up in early 2013.

We don’t expect the downturn in rates to continue. The Federal Reserve is expected to raise the fed funds rate by 25 basis point this month. Next year forecasts were for the Fed to increase the rate once. There is also now talk that the Fed might increase the rate more than once in 2017.

A higher fed funds rate will put upward pressure on loan rates. Long-term mortgage rates are not directly tied to the fed funds rate but both rates usually move in tandem. U.S. Treasury yields usually also move in the same direction as mortgage rates and the fed funds rate.

During times of economic expansion, the Fed funds rate is usually increased. When the fed funds rate is increased, mortgage rates and Treasury yields also increase.

During economic downturns and recessions, the fed lowers the fed funds rate. Long-term Treasury yields and mortgage rates also move lower when the economy is in the dumps.

The economy is on of of the longest expansion periods ever and recent economic news point to higher mortgage rates in 2017. Keep in mind, rates are moving higher but historically speaking, are still low. If you go back to the height of the recession back in 2008, average 30 year mortgage rates were around 6.50 percent, 2.5 percent higher than the current average of 3.99 percent.

You can find a list of current mortgage rates from lenders in your state by searching for mortgage rates today.

 
Author: Brian McKay
December 5th, 2016

Mortgage rates are sharply higher this week, following U.S. Treasury yields higher. Average 30 year mortgage rates increased almost 30 basis points since the election. 30 year rates are up from 3.49 percent last week before the election to 3.77 percent today.   

During the same time period, 10 year Treasury yields have risen from 1.80 percent to 2.10 percent. Why the sharp increase in mortgage rates and Treasury yields the past week? Donald Trump won the election. Trump has called for lowering taxes and investing about a trillion dollars in the nation’s crumbling infrastructure.

If you lower taxes and spend more, the money has to come from somewhere. The most likely source will be issuing more public debt. If the government issues a lot more debt, the most likely scenario will be investors demanding a higher yield on their investment in U.S. Treasuries.

Lowering taxes, issuing more public debt, and spending more are all inflationary policies. These policies will all contribute to higher Treasury yields, which will send mortgage rates higher. Whether or not these scenarios play out in the coming months and years remains to be seen.

In all likelihood, we won’t see Treasury yields and mortgage rates as low as they have been. The only way yields and rates will fall towards the recent record lows would be if the economy fell into another recession.

Treasury yields and mortgage rates move in the same direction. Right now, both are moving sharply higher. You can view the relationship between Treasury yields and mortgage rates for the past 10 years in the FRED Chart below.

 

 Courtesy of the Federal Reserve.

 
Author: Brian McKay
November 14th, 2016