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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: $131
 
 
Next button
Sebonic Financial Logo
NMLS # 66247
(877) 661-8303
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: None
 
 
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Best Rate USA Logo
NMLS # 134407
State Lic # 0903805
(877) 417-0426
at 0.000 pts
45 day lock rate
Est payment: $1,369.17
Fees in APR: None
The direct lender to call for great rates and superior service. 
 
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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: $1,479.38
Fees in APR: $750
Billions Funded. Direct Lender. 
 
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Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.000 pts
45 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: $1,442.07
Fees in APR: $750
Billions Funded. Direct Lender. 
 
Next button
Sebonic Financial Logo
NMLS # 66247
(877) 661-8303
at 1.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: None
 
 
Next button
Garden State Home Loans Logo
NMLS # 473163
(877) 602-5604
at 0.250 pts
45 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
45 day lock rate
Est payment: $1,380.20
Fees in APR: None
The Experience is the Difference 
 
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TD Bank, NA
3.321%
4/24/2015
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $982
 
 
Citizens Bank
3.176%
4/24/2015
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $703
 
 
Raymond James Bank, NA
3.348%
4/22/2015
3.250%
at 0.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $1,354
 
 
Bank of America
3.192%
4/27/2015
3.125%
at 0.041 pts
45 day lock rate
Est payment: $1,393.22
Fees in APR: $850
 
 
Regent Bank
2.943%
4/17/2015
2.875%
at 0.000 pts
30 day lock rate
Est payment: $1,369.17
Fees in APR: $942
 
 
HSBC Bank USA, N.A.
3.221%
4/22/2015
3.170%
at 0.000 pts
60 day lock rate
Est payment: $1,397.57
Fees in APR: $705
 
 

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 remain low this week and are slightly above record lows set in 2013. Current mortgage rates on 30 year conforming loans are averaging 3.76 percent, up 1 basis point from last week’s rate. Mortgage rates were forecast to increase in 2015 but just the opposite has happened so far this year.

On January 5, 2015, 30 year rates averaged 3.98, 22 basis points higher from the current level. Forecasts were for 30 year rates to hit 5.00 by the end of 2015. Heading into mid April, the forecast for 5.00 percent rates by the end of the year is looking less and less likely.

National Average Mortgage Rates April 14 2015Mortgage rates will be increasing this year even if rates don’t hit 5.00 percent. If you’re thinking about buying a home, or refinancing your current loan, do so sooner than later. Home prices are also forecast to increase in the coming years, another incentive to act sooner.

The Urban Land Institute has forecast single-family home prices will increase each year for the next three years. The average price for existing homes in the U.S. is expected to rise by 5.0 percent in 2015, 4.0 percent in 2016 and 4.0 percent in 2017.

As mortgage rates and home prices move higher, that dream home you want might be not be affordable anymore. You can afford less home as prices and mortgage rates increase, another incentive to buy now. A report recently released showed buying is cheaper than renting in most housing markets in the United States.

RealtyTrac found the monthly payment on a median priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of the U.S. counties. You can read the entire report on RealtyTrac’s website: Residential Rental Property Analysis

Weekly Mortgage Rates Report15 year conforming mortgage rates are averaging 2.98 percent, up from last week’s average rate of 2.96 percent. The average rate is always higher than the best rates available. Right now on our rate table for California, there are lenders quoting 15 year refinance rates as low as 2.874 percent with no mortgage points.

Today’s mortgage rates on 30 year jumbo loans are averaging 3.96 percent, up from the previous week’s average jumbo rate of 3.94 percent. The best 30 year jumbo refinance rates available in our rate database for Maryland are lower at 3.625 percent with 0.75 points.

Mortgage rates today on 15 year jumbo loans are averaging 3.54 percent, an increase from last week’s average rate of 3.52 percent. The best 15 year jumbo rates available on our database for Massachusetts are much lower at 2.99 percent with zero points.

5 year adjustable mortgage rates on conforming loans are averaging 3.08 percent, up 0.05 percent from last week’s average rate. The lowest 5 year adjustable refinance rates in the rate database for New Jersey are much lower at 2.375 percent with 1.50 points.

5 year jumbo adjustable rates are currently averaging 3.12 percent, a decline from last week’s average jumbo rate of 3.18 percent. The best 5 year jumbo refinance rates available in the rate database for Washington D.C. are at 2.625 percent with no mortgage points.

 
Author: Brian McKay
April 15th, 2015

Mortgage rates are lower this week, continuing the downtrend for 2015. Average 30 year conforming mortgage rates today are at 3.74 percent, a decline from last week’s average of 3.84 percent. Mortgage rates were predicted to move higher in 2015, following 10 year U.S. Treasury yields higher, but just the opposite has happened.

In early March, 10 year bond yields hit a high of 2.25 percent and were set to move even higher on strong economic growth. Since that time, 10 year yields have fallen 40 basis points, to Friday’s close of 1.83 percent. The fall in yields accelerated on Friday when a disappointing jobs number for March was released.

Mortgage Rates Fall - Average 30 Year Mortgage Rates Today at 3.74 PercentMortgage rates also declined since early March, but not as much as 10 year bond yields. At the beginning of March, average 30 year rates were at 3.94 percent, only 20 basis points higher than the current average rate. The down pressure on bond yields and rates will continue into April if any more weak economic news is released.

We could possibly see average 30 year mortgage rates fall below the all‑time record low of 3.35 percent set in May 2013. Right now on our rate table, you can find some lenders quoting 30 year refinance rates with points just below 3.50 percent.

Current mortgage rates on 15 year conforming loans are averaging 2.94 percent, a decline from the prior week’s average rate of 3.06 percent. The last time average 15 year rates were below 3.00 percent was back in early February when rates fell to 2.98 percent.

If you’re willing to pay points on a loan, you can find lenders quoting rates below the average rate. The best 15 year refinance rates available on the rate table are just below the average rate at 2.75 percent with 0.50 points. The best refi rate without points on the table is at 2.875 percent, slightly below the current average rate.

Average Mortgage Rates Today April 6 201530 year jumbo mortgage rates today are averaging 3.93 percent, down from the previous week’s average jumbo rate of 4.10 percent. The lowest 30 year jumbo refinancing rates right now are much lower at 3.625 percent with 1.25 mortgage points. The lowest 30 year jumbo rate without points is still below the average at 3.75 percent.

Today’s mortgage rates on 15 year jumbo loans are averaging 3.52 percent, down sharply from last week’s rate of 4.07 percent. The lowest 15 year jumbo refi rates on our rate table are also much lower at 2.75 percent with 1.125 points. The lowest rate without points is at 2.99 percent.

Average 5 year conforming adjustable rates are at 3.03 percent, down from last week’s average rate of 3.14 percent. The lowest 5 year ARMS available on the rate table are at 2.375 percent with 1.5 points and at 2.625 percent with zero points.

 
Author: Brian McKay
April 7th, 2015

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