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
 
30 yr fixed Mortgage Loan from United Mutual Funding Corp
United Mutual Funding Corp
https://www.brimg.net/system/img/inst/2360_logo.gif
300000
Refinance
4.109
4.000
USD
United Mutual Funding Corp Logo
NMLS # 168163
State Lic # MC3254
(877) 525-1706
at 1.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $895
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.474
4.375
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,168
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
5.097
5.000
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.100 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $2,988
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.454
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,475
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.470
4.375
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,032
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from First Mortgage Direct
First Mortgage Direct
https://www.brimg.net/system/img/inst/10212_logo.gif
300000
Refinance
4.679
4.500
USD
First Mortgage Direct Logo
NMLS # 244476
State Lic # MC-5877
(877) 643-6301
at 1.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $3,201
 
 
30 yr fixed Mortgage Loan from Lenda, Inc.
Lenda, Inc.
https://www.brimg.net/system/img/inst/8792_logo.gif
300000
Refinance
4.465
4.375
USD
Lenda, Inc. Logo
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,869
All online. No annoying phone calls. No paper. No hassles. 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.446
4.335
USD
at 0.100 pts
30 day lock rate
Est payment: $1,490.79
Fees in APR: $3,614
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.469
4.375
USD
Agora Lending Logo
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,995
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.566
4.500
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $2,021
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.464
4.365
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.100 pts
30 day lock rate
Est payment: $1,496.09
Fees in APR: $3,185
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.665
4.500
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 1.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $2,725
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.751
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,350
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.943
4.875
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.100 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $2,040
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.473
4.375
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,143
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.377
4.250
USD
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $4,200
 
 
30 yr fixed Mortgage Loan from McGlone Mortgage Group
McGlone Mortgage Group
https://www.brimg.net/system/img/inst/2125_logo.gif
300000
Refinance
4.656
4.625
USD
McGlone Mortgage Group Logo
NMLS # 3232
State Lic # MC-1532
(877) 475-4039
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,082
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.642
4.625
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $578
 
 
30 yr fixed Mortgage Loan from First Mortgage Direct
First Mortgage Direct
https://www.brimg.net/system/img/inst/10212_logo.gif
300000
Refinance
4.750
4.750
USD
First Mortgage Direct Logo
NMLS # 244476
State Lic # MC-5877
(877) 643-6301
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.500
4.500
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
5.140
5.125
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $521
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Commonwealth Mortgage, LLC
Commonwealth Mortgage, LLC
https://www.brimg.net/system/img/inst/5071_logo.gif
300000
Refinance
4.465
4.465
USD
Commonwealth Mortgage, LLC Logo
NMLS # 1023
State Lic # MC-5814
(877) 330-6018
at 0.000 pts
30 day lock rate
Est payment: $1,513.82
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Lenda, Inc.
Lenda, Inc.
https://www.brimg.net/system/img/inst/8792_logo.gif
300000
Refinance
4.625
4.625
USD
Lenda, Inc. Logo
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
All online. No annoying phone calls. No paper. No hassles. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.644
4.625
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $675
 
30 yr fixed Mortgage Loan from United Mutual Funding Corp
United Mutual Funding Corp
https://www.brimg.net/system/img/inst/2360_logo.gif
300000
Refinance
4.432
4.375
USD
United Mutual Funding Corp Logo
NMLS # 168163
State Lic # MC3254
(877) 525-1706
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,995
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.630
4.625
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $165
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.625
4.625
USD
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.625
4.625
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Republic Bank
Republic Bank
https://www.brimg.net/system/img/inst/2248_logo.gif
300000
Refinance
4.651
4.625
USD
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $895
 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.750
4.750
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.545
4.500
USD
Agora Lending Logo
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,585
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
5.250
5.250
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.000 pts
45 day lock rate
Est payment: $1,656.61
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from LoanLock
LoanLock
https://www.brimg.net/system/img/inst/9948_logo.gif
300000
Refinance
4.625
4.625
USD
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.750
4.750
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
(877) 210-3816
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.615
4.615
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.000 pts
30 day lock rate
Est payment: $1,540.62
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.625
4.625
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Aurora Financial
Aurora Financial
https://www.brimg.net/system/img/inst/4284_logo.gif
300000
Refinance
4.516
4.500
USD
Aurora Financial Logo
NMLS # 35959
State Lic # MC-2967
(877) 385-9793
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $558
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.506
4.500
USD
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $214
 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.619
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 2.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $6,752
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.789
4.625
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 1.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,345
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.394
4.250
USD
Agora Lending Logo
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,774
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.307
4.125
USD
at 1.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $3,130
 
 
30 yr fixed Mortgage Loan from Lenda, Inc.
Lenda, Inc.
https://www.brimg.net/system/img/inst/8792_logo.gif
300000
Refinance
4.399
4.250
USD
Lenda, Inc. Logo
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,957
All online. No annoying phone calls. No paper. No hassles. 
 
30 yr fixed Mortgage Loan from United Mutual Funding Corp
United Mutual Funding Corp
https://www.brimg.net/system/img/inst/2360_logo.gif
300000
Refinance
4.067
3.875
USD
United Mutual Funding Corp Logo
NMLS # 168163
State Lic # MC3254
(877) 525-1706
at 2.000 pts
45 day lock rate
Est payment: $1,410.71
Fees in APR: $875
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.501
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,100
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.400
4.250
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,982
 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.366
4.210
USD
at 1.100 pts
30 day lock rate
Est payment: $1,468.80
Fees in APR: $2,218
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.322
4.115
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 1.100 pts
30 day lock rate
Est payment: $1,452.21
Fees in APR: $4,016
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.796
4.750
USD
Northwest Federal Credit Union
4.796%
9/19/2018
4.750%
at 0.500 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
5.163
5.125
USD
Raymond James Bank, NA
5.163%
9/25/2018
5.125%
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.781
4.750
USD
LincolnWay Community Bank
4.781%
9/25/2018
4.750%
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
5.049
4.990
USD
Santander Bank, N.A.
5.049%
9/26/2018
4.990%
at 0.000 pts
60 day lock rate
Est payment: $1,608.63
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.922
4.875
USD
Bank of Oak Ridge
4.922%
9/20/2018
4.875%
at 0.250 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.683
4.625
USD
State Department Federal Credit Union
4.683%
9/24/2018
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.923
4.875
USD
Virginia Credit Union
4.923%
9/25/2018
4.875%
at 0.000 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.949
4.875
USD
Citizens Bank, NA
4.949%
9/21/2018
4.875%
at 0.375 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
5.052
5.000
USD
Fulton Bank, NA
5.052%
9/25/2018
5.000%
at 0.250 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Langley FCU
Langley FCU
300000
Refinance
4.889
4.875
USD
Langley FCU
4.889%
9/21/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $495
 
 
30 yr fixed mtg refi Mortgage Loan from The Fidelity Bank
The Fidelity Bank
300000
Refinance
5.025
5.000
USD
The Fidelity Bank
5.025%
9/21/2018
5.000%
at 0.000 pts
30 day lock rate
Est payment: $1,610.46
Fees in APR: $863
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.686
4.625
USD
TD Bank, NA
4.686%
9/21/2018
4.625%
at 0.375 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.835
4.750
USD
Bank of America
4.835%
9/19/2018
4.750%
at 0.547 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.848
4.750
USD
Apple Federal Credit Union
4.848%
9/19/2018
4.750%
at 1.000 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $352
 
 

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.



Conforming mortgage rates jumped this week on strong job growth and consumer credit growth. Average 30 year mortgage rates are at the highest point in over a month, currently averaging 4.50 percent. Last week, average 30 year rates were averaging 4.41 percent.

The Federal Reserve reported that consumer credit for the month of July nearly doubled to 5.1 percent on a seasonally adjusted basis. For the month of June, consumer credit only increased 2.6 percent. The August employment report showed the U.S. added 201,000 jobs in August. Estimates were for the creation of 191,000 jobs.

All of this good news sent bond yields higher, which in turn sent mortgage rates higher. Although mortgage rates increased this year, rates are not much higher than the 2018 lows. At the beginning of 2018, average 30 year rates were at 3.99 percent, about 50 basis points lower than current levels.

mortgage rates jumpedMortgage Rates Jumped

Conforming 15 year mortgage rates today are at 3.80 percent. A week ago, average 15 year rates were at 3.72 percent. Back in January, average 15 year rates were at 3.45 percent, only 25 basis points lower than the current rate.

30 year jumbo mortgage rates are currently averaging 4.53 percent, up from the prior week’s average 30 year rate of 4.46 percent. Jumbo mortgage rates are also higher this year but the increases have been smaller than conforming rates. The lowest point for 30 year jumbo rates this year was during the first quarter when rates were at 4.24 percent, only .22 basis points from the current rate.

Current mortgage rates on 15 year jumbo loans are averaging 4.45 percent. This is up from last week’s average rate of 4.41 percent. The lowest average 15 year rate in 2018 was in January when rates were at 4.18 percent. Mortgage rates are expected to continue to increase because the Federal Reserve is increasing the fed funds rate. A higher fed funds rate leads to higher bond yields which force lenders to increase mortgage rates.

 
Author: Brian McKay
September 14th, 2018

Mortgage rates plummeted the past day because of the Turkish currency crisis. How can a currency crisis in another country cause U.S. mortgage rates to move lower you ask? The answer to that question is U.S. Treasuries.

The Turkish Lira fell by more than 18 percent against the U.S. Dollar on Friday to an all-time low, causing investors to seek the safety of U.S. Treasuries. As investors buy Treasuries, prices move higher and yields move lower. The decline in yields forced mortgage rates lower because lenders set mortgage rates based on 10 year Treasury yields.

Mortgage Rates Plummet Because of Turkish Currency CrisisAverage 30 year mortgage rates were at 4.59 percent on Friday morning. As of Saturday morning, 30 year mortgage rates were down 18 basis points or .18 percent, averaging 4.41 percent. The single day decline of almost 4 percent is the largest move lower this year.

The sharp decline in mortgage rates is a positive development because mortgage rates have been moving higher all year long. At the beginning of 2018, average 30 year mortgage rates were just under 4.00 percent.

Mortgage rates are moving higher this year because the Federal Reserve has been increasing the fed funds rate, which has forced Treasury yields higher. 10 year Treasury yields started 2018 at 2.46 percent and hit a 2018 high of 3.00 percent on August 1st. Yields closed at 2.87 percent on Friday.

Mortgage Rates Plummet

In addition to 30 year rates falling sharply, conforming 15 year rates and jumbo mortgage rates are also lower. Current mortgage rates on 15 year conforming loans are averaging 3.80 percent, down from an average rate of 3.95 percent on Friday.

Mortgage rates today on 30 year jumbo loans are currently averaging 4.53 percent, a decline from an average rate of 4.56 percent. 15 year jumbo mortgage rates are averaging 4.45 percent, down from an average rate of 4.57 percent on Friday.

 
Author: Brian McKay
August 14th, 2018

Mortgage rates decline again this week after heading higher for most of the past 6 months. Average 30 year conforming mortgage rates declined to 4.45 percent, down from the previous week’s average rate of 4.53 percent. Mortgage rates hit a 2018 high earlier in June but have fallen three out of the past four weeks.

Although average 30 year mortgage rates are higher this year, the overall increase has only been around 0.50 percent. Historically speaking, 30 year rates in the 4.00 percent range is still low. If you look back a dozen years, 30 year rates were in the 6.00 percent to 7.00 percent range. Looking back even farther, 30 year rates were in the 17 percent range in the early 1980s.

The Federal Reserve has been tightening monetary policy, aka, increasing interest rates. The Fed is widely expected to increase their key bench-mark rate, the fed funds rate, at least two more times this year. Two more increases will put the fed funds rate in a range of 2.50 percent to 2.75 percent.

As the Fed increases rates, U.S. Treasury yields move higher and as a result, lenders increase rates on mortgage loans. If the Fed raises rates a couple of more times this year, it’s possible that 30 year conforming rates will hit 5.00 percent by the end of 2018.

Mortgage Rates Decline This Week

Mortgage Rates Decline This Week Conforming 15 year mortgage rates declined to 3.89 percent, down from last week’s average 15 year rate of 3.96 percent. 15 year rates are also higher so far this year, moving up about 0.51 percent from the 2018 low of 3.38 percent set in early January.

5 year adjustable mortgage rates are averaging 4.17 percent, 5 year adjustable mortgage rates decline from the previous week’s average rate of 4.18 percent. Average 5 year adjustable rates are up 0.72 percent this year. Shorter term adjustable rates increased more this year than long term rates. This is because short term Treasury Yields have increased more this year than long term yields.

30 year jumbo mortgage rates are averaging 4.61 percent, down from the prior week’s average rate of 4.66 percent. Since the start of 2018, average 30 year jumbo rates increased 0.57 basis points from 4.08 percent.

Current mortgage rates on 15 year jumbo loans are averaging 4.52 percent. This is a decline from last week’s average 15 year jumbo rate of 4.58 percent. So far this year, 15 year jumbo rates are up 0.56 basis points from the low of 3.96 percent in early January.

5 year jumbo adjustable mortgage rates are averaging 4.25 percent, down from an average rate of 4.31 percent last week. 5 year jumbo rates are up 0.81 percent from the January low of 3.44 percent.

You can search for and compare lenders’ mortgage rates and refinance rates in your state by using our rate tables at Mortgage Rates Today.

 
Author: Brian McKay
June 25th, 2018

Higher mortgage rates in 2018, combined with a low number of homes available for sale across the U.S., are hurting buyers. Mortgage rates are higher this year because economic growth has been robust, the unemployment rate has declined, and the Federal Reserve has increased interest rates.

Last year, 30 year mortgage rates were under 4.00 percent for most of the year and finished the year just under 4.00 percent. So far this year, average 30 year mortgage rates increased about 50 basis points. The current average 30 year mortgage rate is at 4.42 percent.

Higher Mortgage Rates Hurt BuyersAlthough mortgage rates are higher this year, rates are not much higher than the all-time lows. Back in 2012, average 30 year rates hit a low of 3.37 percent, about 1.00 percent lower than the current level. Looking back over the past 40 years, these rates are still incredibly low.

About a dozen years ago, just before the Financial Crisis, 30 year rates were around 7.00 percent. Going back to the early 1980s, average 30 year rates were in the double digits hitting an all-time high of 18.45 percent during October 1981. Source: Freddie Mac.

Higher Mortgage Rates Affect Buyers

An increase in mortgage rates does have an affect on how much homebuyers can afford. As mortgage rates move higher, monthly mortgage payments also move higher. For example, on a 30 year mortgage, a 1.00 percent increase in mortgage rates will increase monthly mortgage payments by $55.82 for each $100,000 borrowed.

The monthly payment on a $500,000 mortgage loan with a 30 year rate of 3.50 percent is $2,245.22. The same $500,000 borrowed for 30 years at 4.50 percent will mean a monthly payment of $2,533.43. As you can see on a $500,000 loan, a 1 percent increase in the rate will cost $300 more per month.

You can use our mortgage calculator to calculate mortgage payments: Mortgage Calculator

Mortgage rates will continue to move higher this year because the Fed is increasing the fed funds rate. These increases will send U.S. Treasury yields higher, which in turn will send mortgage rates higher. We expect 30 year mortgage rates to increase to around 5.00 percent by the end of the year.

If you’re in the market to buy a home you should lock in a mortgage rate if you haven’t already. Many lenders also allow you to extended a lock in period as well. You will pay a fee for an extension but you will probably still save money with a lower mortgage rate.

 
Author: Brian McKay
May 14th, 2018

Average 30 year mortgage rates posted a small decline this past week after moving higher for all of 2018. Week over week, average 30 year mortgage rates declined to 4.55 percent, down 3 basis points from the prior week’s average 30 year rate of 4.58 percent. Overall, 30 year mortgage rates are about 50 basis points higher since the start of 2018.

15 year mortgage rates today are currently averaging 4.02 percent, down from the previous week’s average 15 year mortgage rate of 4.04 percent. The average rate on 15 year mortgage loans is also about .50 percent higher this year.

Current mortgage rates on 5 year adjustable mortgage loans are at 3.73 percent. Average 5 year adjustable rates are up from last week’s average of 3.69 percent. 5 year adjustable rates are up about 60 basis points so far this year, higher than longer term rates.

Short term mortgage rates such as 5 year adjustable rates are tied to short term interest rates. Short term interest rates are being forced higher because the Federal Reserve is increasing the fed funds rate. As result, shorter term mortgage rates are rising faster than longer term mortgage rates.

Average Jumbo Mortgage RatesAverage 30 Year Mortgage Rates

30 year jumbo mortgage rates are averaging 4.65 percent, down from the previous week’s average 30 year jumbo rate of 4.68 percent.

Mortgage rates today on 15 year jumbo loans are averaging 4.54 percent, a decline from the prior week’s average 15 year jumbo rate of 4.57 percent.

5 year adjustable jumbo mortgage rates are averaging 4.29 percent. Last week, average 5 year adjustable jumbo rates were slightly higher at 4.31 percent.

The Federal Reserve is expected to increase their key benchmark interest rate, the fed funds rate, at least twice more this year. As a result, the forecast for mortgage rates is higher for the rest of 2018.

There is a good chance the Fed will increase the rate more because inflation is on the rise. The current inflation rate is at 2.00 percent, right at the Fed’s target rate of 2.00 percent. If inflation picks up steam and increases beyond 2 percent, we expect rates to move even higher.

 
Author: Brian McKay
May 9th, 2018