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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
 
Loanwise Financial LLC Logo
NMLS # 1469915
at 0.000 pts
45 day lock rate
Est payment: $1,357.24
Fees in APR: $300
Thank you for your quote! 
 
Next button
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.000 pts
44 day lock rate
Est payment: $1,345.38
Fees in APR: $495
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.250 pts
44 day lock rate
Est payment: $1,345.38
Fees in APR: None
 
Next button
at 0.100 pts
60 day lock rate
Est payment: $1,345.38
Fees in APR: $1,414
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
at 1.100 pts
60 day lock rate
Est payment: $1,333.58
Fees in APR: $560
Thank you for your inquiry, we will be in touch shortly. 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 1.125 pts
44 day lock rate
Est payment: $1,333.58
Fees in APR: None
 
Next button
Capital One Logo
NMLS # 453156
at 2.000 pts
60 day lock rate
Est payment: $1,333.58
Fees in APR: $6,615
 
 
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Audubon Savings Bank
3.042%
7/21/2016
3.000%
at 0.000 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: $580
 
 
Somerset Savings Bank, SLA
2.906%
7/19/2016
2.875%
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: $432
 
 
Metuchen Savings Bank
2.829%
7/19/2016
2.750%
at 0.500 pts
60 day lock rate
Est payment: $1,357.24
Fees in APR: $108
 
 
Shore Community Bank
3.324%
7/21/2016
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $1,018
 
 
Manasquan Savings Bank
2.918%
7/19/2016
2.875%
at 0.000 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: $606
 
 
Amalgamated Bank
2.983%
7/21/2016
2.875%
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: $1,504
 
 
Millington Savings Bank
3.273%
7/21/2016
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $316
 
 
IAB Financial Bank
2.934%
7/20/2016
2.875%
at 0.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: $828
 
 
Magyar Bank
2.875%
7/19/2016
2.875%
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: None
 
 
Kearny Bank
3.014%
7/19/2016
3.000%
at 0.000 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: $200
 
 
OceanFirst Bank
2.906%
7/19/2016
2.875%
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: $432
 
 
Affinity FCU
2.757%
7/22/2016
2.750%
at 0.000 pts
60 day lock rate
Est payment: $1,357.24
Fees in APR: $97
 
 
Bank of America
3.147%
7/25/2016
3.000%
at 0.593 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: $850
 
 
Santander Bank, N.A.
2.894%
7/25/2016
2.750%
at 0.000 pts
60 day lock rate
Est payment: $1,357.24
Fees in APR: $2,004
 
 
Raymond James Bank, NA
3.098%
7/19/2016
3.000%
at 0.000 pts
45 day lock rate
Est payment: $1,381.16
Fees in APR: $1,354
 
 
Fulton Bank of New Jersey
2.933%
7/25/2016
2.875%
at 0.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: $807
 
 
TD Bank, NA
2.947%
7/22/2016
2.875%
at 0.000 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: $997
 
 
Valley National Bank
2.791%
7/22/2016
2.750%
at 0.000 pts
60 day lock rate
Est payment: $1,357.24
Fees in APR: $577
 
 
Financial Resources Federal Credit Union
2.912%
7/22/2016
2.875%
at 0.000 pts
60 day lock rate
Est payment: $1,369.17
Fees in APR: $510
 
 
United Teletech Financial
3.057%
7/21/2016
3.000%
at 0.000 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: $795
 
 
Regent Bank
2.944%
7/21/2016
2.875%
at 0.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: $955
 
 
Proponent Federal Credit Union
2.941%
7/22/2016
2.875%
at 0.000 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: $924
 
 
Credit Union of New Jersey
2.760%
7/22/2016
2.750%
at 0.000 pts
30 day lock rate
Est payment: $1,357.24
Fees in APR: $147
 
 

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.



Mortgage rates continue their relentless decent down as average 30 year mortgage rates hit a new low for 2016. Average mortgage rates moved sharply lower the past several weeks, following 10 year U.S. Treasury yields lower. Current 30 year rates are a mere 12 basis points above the all-time record low set in the fourth quarter of 2012.

Average 30 year mortgage rates are at 3.43 percent today, down from the prior week’s average rate of 3.49 percent. About a month ago, 30 year rates were averaging 3.75 percent and at the start of 2016 30 year rates were around 4.00 percent.

There are many lenders quoting 30 year rates below the average of 3.43 percent. The lowest 30 year refinance rate in our database of rates is from Sebonic Financial at 3.125 percent with 1.10 mortgage points.

The lowest 30 year refinance rate without points is just below the average at 3.375 percent from First Tech Credit Union. Sebonic Financial’s quoted rate and First Tech Credit Union’s quoted rate are for homes in California.

15 year mortgage rates today are currently averaging 2.69 percent, up slightly from last week’s average 15 year mortgage rate of 2.66 percent. Average 15 year mortgage rates haven’t fallen as much as 30 year rates the past several weeks. A month ago, average 15 year rates were around 3.00 percent, only about 35 basis points above the current average rate.

Searching our rate database for the state of Georgia, Regent Bank is quoting 15 year conforming mortgage rates at 2.50 percent with zero mortgage points. You can compare mortgage rates for your state by searching our rate database at MonitorBankRates.com/Mortgage-Rates.

 
Author: Brian McKay
July 19th, 2016

Average 30 year mortgage rates hit a new low in 2016 as a result of the Brexit vote to leave the European Union. 30 year mortgage rates today are averaging 3.48 percent, a sharp decline from last week’s average rate of 3.73 percent. 30 year mortgage rates are only 17 basis points above the all-time low of 3.31 percent set in late 2012.

Mortgage lenders lowered mortgage rates to new lows in 2016 because 10 year bond yields hit new lows. When U.K. voters voted to leave the European Union, bond yields tumbled across the globe. In the U.S., 10 year bond yields fell from 1.73 percent down to 1.46 percent overnight.

Near record low mortgage rates will spur home sales and help the summer housing market. Likewise, new low refinance rates will also spur refinancing demand. The Mortgage Bankers Association reported a drop in mortgage applications for the week ending June 24, 2106. Though total mortgage applications dropped 2.6 percent, this survey was before the Brexit vote and the subsequent plunge in rates. Next week’s report will show a jump in loan volume for both home purchases and refinances because of the sharp decline in rates.  

Average 3o year rates are at 3.48 percent today but there are lenders already offering 30 year rates below the all-time low of 3.31 percent. The lowest 30 year refinance rate in our rate database is at 3.00 percent with 1.10 points. The lowest rate available without points is at 3.37 percent, still below the current average.

Average 15 year mortgage rates are also lower this week but by a smaller amount. The current average 15 year mortgage rate is at 2.78 percent, down from the prior week’s average of 2.83 percent. The lowest 15 year rate in our database is at 2.375 percent with 1 mortgage point and at 2.625 percent with no mortgage points. You can check on current mortgage rates in your state by searching our rate database at MortgageRates.MonitorBankRates.com.

 
Author: Brian McKay
July 1st, 2016

Near record low mortgage rates have enticed home buyers this spring, sending existing home sales to their fastest pace in nine years. 30 year mortgage rates are averaging 3.73 percent today, about 30 basis points above the all-time record low set three years ago.

The National Association of REALTORS® reported existing home sales are up 1.8 percent month-over-month to a seasonally adjusted annual rate of 5.53 million in May. This is the third consecutive month for gains in existing-home sales. Home sales are now up 4.5 percent from a year ago and are at the highest annual pace since February 2007, at the height of the housing boom.

Mortgage rates are expected to stay near these current low levels for the rest of 2016. Low rates will continue to spur home sales this year. While home sales are strong, the low number of homes available for sale continues to hamper many markets.

The high demand for homes and the low supply of homes available for sale has sent housing prices higher. In fact, the median sales price for all housing types climbed to an all-time high of $239,700 in May. The median sales prices is up 4.7 percent from a year earlier.

Low refinance rates are also enticing homeowners who have a mortgage to refinance their loan. The Mortgage Bankers Association® reported mortgage applications are up 35 percent from a year ago. The refinance share of all mortgage application activity increased to 57.7 percent.

 
Author: Brian McKay
June 23rd, 2016

Already low mortgage rates will decline further in the coming days because of an extremely disappointing May jobs report. Markets expected 165,000 jobs were created in May but only 38,000 jobs were created. The bad news on employment sent 10 year bond yields down 14 basis points to 1.70 percent this past Friday.

By the end of this week, we expect average mortgage rates to decline between 5 to 15 basis points. Current 30 year mortgage rates are averaging 3.73 percent, so we could see average 30 year rates fall towards 3.65 percent. Thirty year rates near 3.65 percent hasn’t been seen since May of 2013.

15 year mortgage rates today are averaging 2.71 percent, down 5 basis point from last week’s average 15 year rate. Over the next week, average 15 year rates will decline towards 2.65 percent. The last time 15 year rates were as low as 2.65 percent was in April 2013.

The decline in fixed long term mortgage rates won’t last for long. Eventually the Federal Reserve will increase their key benchmark interest rate, the federal funds rate. Increases in the fed funds rate will drive bond yields higher and in turn will drive mortgage rates higher.

Average 5 year adjustable rates are currently averaging 2.87 percent, a decline from last week’s average rate of 2.90 percent. Current 5 year jumbo adjustable mortgage rates are at 3.41 percent, up from last week’s average 5 year jumbo rate of 3.29 percent.

 
Author: Brian McKay
June 7th, 2016

eRates Mortgage is quoting mortgage rates well below current average mortgage rates and is even offering some of the lowest refinance rates available in the rate database. For example, average 30 year conforming mortgage rates are at 3.68 percent today and eRates is offering 30 year rates at 3.375 percent.

You might not have heard of eRates Mortgage but they have been around before the internet was widely used. eRates was founded in Charlotte, North Carolina, in August of 1991 and has grown to now offer rates in 32 states. eRates is a direct-to-consumer lender and specializes in Conventional, FHA, & VA loans. eRates also offers jumbo loans up to $2,000,000.

15 year mortgage rates today are averaging 2.79 percent and eRates is currently quoting 15 year refinance rates well below the average. eRates is quoting 15 year conforming rates at 2.50 percent with 1.10 mortgage points. Paying points upfront on a loan allows the borrower to secure a lower rate. If you don’t want to pay points, eRates is quoting 15 year rates at 2.875 percent with no points.

Today’s 30 year jumbo mortgage rates are averaging 4.17 percent. eRates is quoting 30 year jumbo refinance rates well below the average at 3.50 percent with 1.10 mortgage points. You can see quotes from eRates Mortgage in your state by searching our database of rates.

 
Author: Brian McKay
April 29th, 2016