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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
 
Capital Funding Mortgage Logo
NMLS # 960748
(877) 456-0018
at 0.000 pts
30 day lock rate
Est payment: $1,357.24
Fees in APR: $750
 
 
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Amerisave Mortgage Corporation Logo
NMLS # 1168
State Lic # 9943847
(877) 892-7165
at 0.000 pts
60 day lock rate
Est payment: $1,466.88
Fees in APR: $750
Billions Funded. Direct Lender. 
 
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Columbia Bank Logo
NMLS # 504284
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: None
The Experience is the Difference 
 
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Amerisave Mortgage Corporation Logo
NMLS # 1168
State Lic # 9943847
(877) 892-7165
at 1.000 pts
60 day lock rate
Est payment: $1,429.77
Fees in APR: $750
Billions Funded. Direct Lender. 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.250 pts
30 day lock rate
Est payment: $1,381.16
Fees in APR: None
The Experience is the Difference 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 1.125 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: None
The Experience is the Difference 
 
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TD Bank, NA
3.371%
3/27/2015
3.300%
at 0.000 pts
60 day lock rate
Est payment: $1,410.20
Fees in APR: $982
 
 
Citizens Bank
3.301%
3/27/2015
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $703
 
 
Bank of America
3.328%
3/30/2015
3.250%
at 0.111 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $850
 
 
Beneficial Bank
3.161%
3/25/2015
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $499
 
 
HSBC Bank USA, N.A.
3.111%
3/25/2015
3.060%
at 0.000 pts
60 day lock rate
Est payment: $1,386.94
Fees in APR: $705
 
 
Raymond James Bank, NA
3.348%
3/25/2015
3.250%
at 0.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $1,354
 
 

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 declined again this week, continuing to defy the experts who forecast higher rates in 2015. Average 30 year mortgage rates today are at 3.82 percent, down from last week’s average rate of 3.86 percent. Low mortgage rates make homes more affordable but a shortage of homes available for sale is sending home prices higher.

The National Association of Realtors® reported the median existing home price in February, 2015 was 7.5 percent higher than a year ago. The median existing-home price for all housing types in February was $202,600. The NAR also reported this is the 36th consecutive month of year-over-year price gains.

Mortgage Rates March 25 2105Mortgage rates will eventually move higher in 2015 but might not as high as expected. Forecasts are for average 30 year conforming rates to hit 5.00 percent by the end of the year. I believe forecasts will be lowered to around 4.50 percent to 4.75 percent sometime over the next couple months.

Smart home buyers are taking advantage of the lowest rates in generations, especially home buyers who require jumbo mortgage loans. The Mortgage Bankers Association reported mortgage amounts are rising faster than home prices, driven higher by the strength in high end home sales that are financed.

Mortgage Rates Decline as Home Prices Surge 7 5 PercentCurrent mortgage rates on 15 year conforming loans are averaging 3.02 percent, down from last week’s average rate of 3.08 percent. I didn’t think it would happen again but we will probably see average 15 year rates fall back below 3.00 percent this week.

Mortgage interest rates haven’t increased as much as expected because 10 year U.S. bond yields haven’t increased. Forecasts had 10 year bond yields around 3.50 percent by mid-2015. Current 10 year yields are much lower at 1.88 percent.

Bond yields remain low because investors are rushing into bonds, getting a better yield in the U.S. current at 1.88 percent. Comparable German and Japanese 10 year bond yields are much lower. Current 10 year German bonds are yielding 0.22 percent and 10 year Japanese bonds are yielding 0.33 percent.

30 year jumbo mortgage rates are averaging 4.08 percent, a decline from the previous week’s average jumbo rate of 4.17 percent. By the end of this week, average 30 year jumbo rates will fall back below 4.00 percent. There are lenders currently quoting 30 year jumbo refinance rates with points, well below 4.00 percent.

Today’s mortgage rates on 15 year jumbo loans are averaging 4.07 percent, up from last week’s average 15 year jumbo rate of 4.01 percent. If you’re searching for a 15 year jumbo loan Citi Mortgage is quoting 15 year rates at 2.875 percent with 0.63 points.

Conforming 5 year adjustable mortgage rates are averaging 3.13 percent, down from the prior week’s average 5 year rate of 3.26 percent. Current 5 year jumbo adjustable rates are averaging 3.50 percent, an increase from last week’s average rate of 3.40 percent.

Related:

Compare Mortgage Rates or Refinance Rates Today

 
Author: Brian McKay
March 25th, 2015

Mortgage rates are lower today, following 10 year Treasury yields lower. Average 30 year mortgage rates today declined to 3.88 percent, down from the prior week’s average rate of 3.92 percent. Mortgage rates might move sharply higher or lower this week after the Federal Open Market Committee (FOMC) wraps up their two day meeting tomorrow.

Equity markets are jittery ahead the expected announcement from the Fed tomorrow, the Dow is down 150 points. Analysts do not expect the Fed to announce a hike interest rates tomorrow but are instead looking for language on when a rate hike might take place.

Weekly Mortgage RatesWe believe a federal funds rate hike is most likely in the June meeting. Mortgage rates are not directly tied to the fed funds rate but U.S. Treasury yields are. A fed funds rate hike in June will send Treasury yields higher, which will send mortgage rates higher.

Housing starts fell 17 percent in February to 897,000 units, lower than the forecast of 1,097,000. February’s number is the first time since last July the number was below 1 million. The sharp decline was primarily due to the bad weather, analysts expect the March number to be back above 1 million. You can view the entire report on new construction: New Residential Construction in February 2015.

Mortgage Rates TodayAverage 30 year conforming rates are at 3.88 percent but there are many lenders quoting 30 year rates below the average. The lowest 30 year refinance rates on the rate table for California are at 3.625 percent with 1 mortgage point.

The more points you are willing to pay the lower the mortgage rate you can get on a loan. Points on loans are available in quarter point increments. Most lenders only allow you to “buy down” the rate with a maximum of 2 points.

Current mortgage rates on 15 year conforming loans are averaging 3.05 percent, a decline from last week’s average rate of 3.08 percent. If the Fed hints that a rate hike will come later than June, bonds will rally and we could see 15 year mortgage rates fall back below 3.00 percent.

The best 15 year refinance rates available on the rate table for Connecticut are at 2.875 percent with 1.125 mortgage points. The best rates without points on the table for Connecticut are at 3.125 percent.

Today’s mortgage rates on 30 year jumbo loans are averaging 4.22 percent, down 11 basis points from last week’s average jumbo rate of 4.33 percent. The lowest 30 year jumbo refinance rate on the table for Colorado is at 3.50 percent with 1 mortgage point.

15 year jumbo mortgage rates are also down 11 basis points this week. The current average rate is 3.94 percent, down from last week’s average of 4.05 percent. The lowest 15 year refinance rate available on the table for Florida is at 3.50 percent with 1 mortgage point.

Conforming 5 year adjustable mortgage rates are averaging 3.34 percent, a decline of 1 basis point from the prior week’s average of 3.35 percent. The lowest 5 year adjustable refinance rates on the table for Texas are at 2.625 percent with 1 mortgage point. The lowest rate without points is at 2.875 percent.

Jumbo adjustable mortgage rates on 5 year loans are averaging 3.44 percent, down from last week’s average of 3.52 percent. The lowest 5 year jumbo adjustable rates currently available in Oregon are at 2.875 percent with 1 point and at 3.125 percent with no points.

 

 
Author: Brian McKay
March 17th, 2015

Mortgage rates are slightly higher this week but are still near the record lows set in 2013. 30 year mortgage rates today are averaging 3.94 percent, an increase from the prior week’s average 30 year rate of 3.92 percent. The record low for 30 year rates was 3.35 percent set in May 2013.

Chart - Average Mortgage Rates TodayMortgage rates are expected to move higher this week because 10 year Treasury yields increased late last week. 10 year yields increased sharply late in the week on a strong February jobs report.

The majority  of mortgage lenders set mortgage rates based on U.S. Treasury yields. When Treasury yields increase, lenders increase the rates they offer on mortgage loans. When rates decrease, lenders lower rates.

You can check on lender’s rates on the mortgage tables here: MortgageRates.MonitorBankRates.com.

Average 15 year conforming mortgage rates are at 3.08 percent, up from last week’s average of 3.00 percent. Average rates on 15 year loans stayed under 3.00 percent for a few weeks in 2015 but probably won’t be under 3.00 percent again. Right now you can still find lenders quoting 15 year rates below 3.00 percent but that won’t last long either since rates are forecast to increase in 2015.

Current mortgage rates on 30 year jumbo loans are averaging 4.40 percent, up sharply from last week’s average of 4.23 percent.

The 46 basis point spread difference between average 30 year conforming rates and 30 year jumbo rates is the largest it has been in over a year. For several weeks in 2014, average 30 year jumbo rates were actually lower than 30 year conforming rates. Historically speaking 30 year conforming rates are usually 1 percent higher than 30 year jumbo rates.

Today’s mortgage rates on 15 year jumbo loans bucked the uptrend and are down 1 basis point this week. 15 year rates are currently averaging 4.05 percent, down from the previous week’s average of 4.06 percent. Average rates are above 4.00 percent this week but there are lenders on the rate table quoting rates well below the average and as low as 2.875 percent with points.

5 year conforming adjustable mortgage rates are averaging 3.36 percent, a decline from last week’s average of 3.48 percent. The lowest 5 year adjustable refinance rates on the table now are almost 1.00 percent lower at 2.375 percent with points.

Jumbo 5 year adjustable rates are averaging 3.50 percent, down 16 basis points from last week’s average 5 year jumbo rate of 3.66 percent. The best 5 year jumbo refinance rates available on the rate table are also much lower at 2.50 percent with points.

 

 
Author: Brian McKay
March 9th, 2015

Average mortgage rates today are lower but will move higher in the coming months and years. Current 30 year conforming mortgage rates are averaging 3.92 percent, down from last week’s average rate of 3.97 percent. 30 year mortgage rates dropped to a 20 month low of 3.73 percent in January.

Mortgage rates are only 20 basis points higher from the January low but the increase has already zapped refinancing demand. The Mortgage Bankers Association (MBA) announced mortgage applications for refinancing decreased 8 percent in their latest MBA Survey.

Mortgage rates are forecast to move higher in 2015, by the end of the year average 30 year rate is expected to be around 5.00 percent. Rates will increase this year because bond yields are forecast to move higher because the Federal Reserve is expected to increases the federal funds rate.

The Federal Reserve will start tightening monetary policy by increasing the federal funds rate probably starting in June. Mortgage rates are not directly tied to the federal funds rate but will move higher when the rate is increased.

Most mortgage lenders set mortgage rates based on U.S. Treasury yields. When the fed funds rate is increased, Treasury yields move higher, which forces lenders to increase their lending rates.

Average Mortgage Rates TodayCurrent mortgage rates on 15 year conforming loans are averaging 3.00 percent, a decline from last week’s average 15 year mortgage rate of 3.08 percent. 15 year rates are not far from the 20 month low of 2.96 percent set in January. By the end of this year 15 year refinance rates are expected to hit 4.00 percent.

Today’s 30 year jumbo mortgage rates are averaging 4.23 percent, a sharp decline from the prior week’s average 30 year jumbo rate of 4.37 percent. 30 year jumbo refinance rates are also expected to head towards 5.00 percent of the end of 2015.

15 year jumbo rates are currently averaging 4.06 percent, down 9 basis points from the previous week’s average of 4.15 percent. The 17 basis point spread between average 30 year and 15 year jumbo rates is the lowest it has ever been. By the end of 2015 average 15 year jumbo rates will be between 4.60 percent and 4.80 percent.

Average 5 year conforming adjustable mortgage rates are at 3.48 percent today, up from last week’s average 5 year adjustable rate of 3.44 percent. 5 year adjustable refinance rates are expected to hit 4.00 percent by the end of this year.

5 year jumbo adjustable mortgage rates are slightly higher today at 3.66 percent, up 1 basis point from last week’s average rate. 5 year adjustable jumbo refi rates are also expected to be around 4.00 percent by the end of 2015.

The current cycle of higher mortgage rates and refinance rates is expected to last for at least a few years. If you’re thinking about buying a home this year is probably as good as time as any in recent memory. Mortgage rates are still low and housing prices in many markets are still below the bubble peak of 2006/2007.

If you’re in a position to refinance you should do so sooner in 2015 than later. Refinancing to a shorter term loan, like a 15 year loan instead of a 30 year loan, is an even smarter decision. You can save tens of thousands or even hundreds of thousands of dollars in mortgage interest by getting a shorter term loan.

 
Author: Brian McKay
March 2nd, 2015

Strong economic news sent bond yields and fixed mortgage rates higher this week. Despite the increase, mortgage rates today are still near record lows set two years ago. The Bureau of Labor Statistics released the January Employment report which showed the economy added 257,000 new jobs in January, higher than the expected 235,000 jobs forecast.

Source: Department of Labor Statistics

Source: Department of Labor Statistics

Sharply higher revisions to the two prior months jobs reports also contributed to higher interest rates. The change in total nonfarm payroll employment for November was revised from 353,000 to 423,000. The change for December was revised from 252,000 to 329,000

Less than two weeks ago, 10 year bond yields were near a record low of 1.67 percent. Today’s 10 year yields are trading at 1.99 percent, a 32 basis point increase.

This past week, average 30 year mortgage rates increased 2 basis points to 3.87 percent, up from to 3.85 percent the prior week. Mortgage rates haven’t increased as much as bond yields because lenders never lowered rates as much as bond yields fell.

Current 30 year rates are only 0.50 percent higher from the all-time record low of 3.35 percent set in May 2013. Many lenders are still quoting 30 year rates below the average, there are a few on MonitorBankRates.com offering rates at 3.625 percent.

As predicted last week, average conforming 15 year rates are above 3.00 percent. Current mortgage rates on 15 year loans are averaging 3.02 percent, up from the prior week’s average rate of 2.96 percent.

The all-time low for 15 year rates is only 40 basis points lower than current rates. The all-time low was 2.56 percent, also set in May 2013. There are lenders quoting 15 year rates near the record lows, the lowest 15 year rates on the tables right now are at 2.875 percent with points. The lowest rate without points is at 3.00 percent.

Average Mortgage Rates February 12, 2015Today’s mortgage rates on 30 year jumbo loans are averaging 4.41 percent, up from the prior week’s average of 4.35 percent. The spread difference between average 30 year jumbo rates, and the lowest jumbo rates on our table is more than 75 basis points. The lowest jumbo rate currently available is at 3.625 percent.

15 year jumbo rates are averaging 4.24 percent, up from last week’s average rate of 4.14 percent. The rate difference between average 15 rates and the lowest 15 year rate available is almost 1.50 percent. The best 15 year refinance rate available is 2.75 percent.

 
Author: Brian McKay
February 14th, 2015