30 Year Mortage Rates at 4.94% According to MBA

Mortgage rates continue to decline in the latest survey released by the Mortgage Bankers Association (MBA) this morning.

Lower mortgage rates didn't prevent the MBA's mortgage application survey from declining. The Market Composite Index, which measures mortgage loan application volume, decreased 2.8 percent on a seasonally adjusted basis from one week earlier.

Looking for today's mortgage rates? Search our mortgage rate tables for home mortgage rates, refinance rates and jumbo mortgage rates in your state or zip code. Current Mortgage Rates

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

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The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2126430

4.923%

15-Year Fixed

4.750%

$4,695

Includes 0.850 points for $3,400

Lender Fees: $1,295

$3,112 /mo

Next >

NMLS #1085173

4.949%

15-Year Fixed

4.750%

$5,370

Includes 1.000 points for $4,000

Lender Fees: $1,370

$3,112 /mo

Next >

NMLS #2126430

5.358%

5-Year ARM

5.250%

$4,967

Includes 0.918 points for $3,672

Lender Fees: $1,295

$2,209 /mo

Next >

NMLS #1025894

5.508%

15-Year Fixed

5.375%

$3,480

Includes 0.695 points for $2,780

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1085173

5.862%

5-Year ARM

5.750%

$4,974

Includes 0.901 points for $3,604

Lender Fees: $1,370

$2,335 /mo

Next >

NMLS #2126430

5.867%

30-Year Fixed

5.750%

$5,195

Includes 0.975 points for $3,900

Lender Fees: $1,295

$2,335 /mo

Next >

NMLS #1085173

5.951%

30-Year Fixed

5.875%

$3,370

Includes 0.500 points for $2,000

Lender Fees: $1,370

$2,367 /mo

Next >

NMLS #1025894

6.208%

30-Year Fixed

6.125%

$3,520

Includes 0.705 points for $2,820

Lender Fees: $700

$2,431 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

The decline in current mortgage rates also didn't prevent the MBA's Refinance Index from decreasing this week on a seasonally adjusted basis. The Refinance Index, which measures mortgage refinance applications is down 0.8 percent this week.

The Refinance Index decreased 0.8 percent from the previous week and the seasonally adjusted Purchase Index decreased 6.2 percent from one week earlier.

Mortgage Rates

The average contract mortgage rate on a 30 year mortgage is down to 4.94 percent, down from the previous week's average mortgage rate of 4.97 percent. Discount points also decreased to 0.94, down from the prior week's average discount points of 1.12.

The average contract mortgage rate for 15 year mortgages decreased to 4.34 percent this week, down from last week's average contract mortgage interest rate of 4.41 percent. The average discount points decreased to 1.01 from 1.05 the prior week.

One year adjustable mortgage rates decreased to 6.40 percent this week, down from the previous week's average contract mortgage rate of 6.52 percent. Discount points increased to 0.29 from 0.28.