30 Year Conforming Mortgage Rates Today Averaging 3.85 Percent

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Mortgage rates today on 30 year conforming loans are currently averaging 3.85 percent, a slight uptick from last week's average 30 year rate of 3.83 percent. Rates barely changed this week but will head lower next week because 10 year U.S. Treasury yields declined almost 5.00 percent on Friday.

10 year yields which hit a high of 2.30 percent last Tuesday, declined 10 basis points on Friday to close at 2.14 percent. The decline in bond yields last week, of about 15 basis points, will send average 30 year mortgage rates back below 3.75 percent.
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 Citibank, N. A.
Citibank, N. A.
https://www.brimg.net/system/img/inst/8189_logo.gif
300000
Refinance
4.672
4.625
USD
Citibank, N. A. Logo
NMLS # 412915
(877) 387 - 1820
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,635
 
 
30 yr fixed mtg refi Mortgage Loan from Armed Forces Bank, N.A.
Armed Forces Bank, N.A.
300000
Refinance
4.904
4.875
USD
Armed Forces Bank, N.A.
4.904%
2/8/2019
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $999
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.545
4.500
USD
Northwest Federal Credit Union
4.545%
2/13/2019
4.500%
at 0.500 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.406
4.375
USD
LincolnWay Community Bank
4.406%
2/12/2019
4.375%
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.683
4.625
USD
Santander Bank, N.A.
4.683%
2/15/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.304
4.250
USD
Bank of Oak Ridge
4.304%
2/14/2019
4.250%
at 0.353 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.557
4.500
USD
State Department Federal Credit Union
4.557%
2/11/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.788
4.750
USD
Raymond James Bank, NA
4.788%
2/12/2019
4.750%
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.403
4.375
USD
TD Bank, NA
4.403%
2/8/2019
4.375%
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.596
4.500
USD
Apple Federal Credit Union
4.596%
2/13/2019
4.500%
at 1.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.665
4.625
USD
Citizens Bank, NA
4.665%
2/15/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.547
4.500
USD
Virginia Credit Union
4.547%
2/12/2019
4.500%
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.686
4.625
USD
Fulton Bank, NA
4.686%
2/12/2019
4.625%
at 0.375 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.326
4.250
USD
Bank of America
4.326%
2/13/2019
4.250%
at 0.472 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,289
 
 

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.






This is good news if you're refinancing your mortgage or financing the purchase of a home. The average 30 year rate is at 3.85 percent but there are plenty of lenders quoting 30 year refinance rates below the average. If you search around online you can find some lenders are quoting rates as low as 3.625 percent with mortgage points.

Weekly Mortgage Rates Report 645Low mortgage rates are helping make homes more affordable for first time home buyers, but buyers are competing for the limited number of homes for sale. The National Association of Realtors expects inventory shortages will keep home sales low this year and next.

The constraints on the number of homes for sale will drive home prices higher. Mortgage rates are also expected to increase this year and next. Higher home prices and higher mortgage rates will make homes less affordable. This will prevent some first time home buyers from realizing the dream of buying a home.

If you're on the fence about buying, you should act sooner than later. As economic growth picks up and the unemployment rate falls further, bond rates and mortgage rates will increase. Qualifying for a mortgage takes some time so the sooner you start the sooner you can pre-qualify for a loan.

Average Mortgage Rates Today May 16 2015Current mortgage rates on 15 year conforming loans are averaging 3.00 percent, unchanged from last week's average rate. This coming week 15 year rates will fall back below 3.00 percent and possibly lower than 2.90 percent. The best 15 year refinance rates available right now in our database of rates are already below 3.00 percent.

Today's mortgage rates on 30 year jumbo loans are averaging 4.21 percent, up 1 basis point from last week's average 30 year jumbo rate. This week, average 30 year jumbo rates will fall back towards 4.10 percent. The best 30 year jumbo refinance rates available are much lower than the average at 3.50 percent with points.

15 year jumbo mortgage rates are averaging 3.72 percent, down 2 basis points from last week's average rate. The lowest 15 year jumbo refi rates in the rate database are considerably lower at 2.99 percent with 1.125 mortgage points. The lowest rate without points is also much lower than the average at 3.125 percent.

5 year conventional adjustable rates are averaging 3.02 percent, a decline from the prior week's average 5 year adjustable rate of 3.12 percent. This week the average rate on 5 year ARMs will fall below 3.00 percent. The best 5 year adjustable refinancing rate in the database is at 2.375 percent with 1 mortgage point.

Jumbo 5 year adjustable mortgage rates are averaging 3.34 percent, down from last week's average 5 year jumbo rate of 3.38 percent. The best 5 year jumbo refi rate currently available is at 2.625 percent with 1.125 points and at 2.75 percent with no points.

 
 
Author: Brian McKay
May 16th, 2015