30 Year Mortgage Rates Fall 3 Basis Points from Record Low

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Average 30 year mortgage rates have fallen again this week and are only 3 basis points from the all-time record low of 3.31 percent set in 2012. The lowest 30 year mortgage rate with 0.10 points in our database for a home purchase are at 3.125 percent. The lowest 30 year rate available today for a refinance loan is even lower at 3.00 percent with 1.10 mortgage points.

Current average 30 year mortgage rates are at 3.34 percent, down 17 basis points from the prior week's average of 3.51 percent. There is a good chance 30 year rates will make a new all-time low sometime this week. 30 year mortgage rates on average are at 3.34 percent but right now there are lenders in our database quoting rates below the average. 

You can see a list of refinance rates in our state by searching our database at Refinance Rates Today.

Average 15  year mortgage rates today are at 2.63 percent, down from the previous week's average 15 year rate of 2.69 percent. The lowest 15 year mortgage rate in our database for a purchase is at 2.375 percent with 1.10 points. The best 15 year refinance rate in our database is slightly lower at 2.25 percent with 1.10 points.

Today's mortgage rates on 30 year jumbo loans are slightly higher this week. The current average 30 year jumbo rate is at 4.33 percent, up from last week's average 30 year jumbo rate of 4.27 percent. The best 30 year jumbo rate in our database for a purchase is at 3.25 percent with 1.10 points. The lowest 30 year jumbo refinance rate is at 3.125 percent with 2 points.

15 year jumbo mortgage rates are currently averaging 3.84 percent, up from last week's average 15 year jumbo rate of 3.81 percent. The best 15 year jumbo mortgage rate available in our database for a home purchase or loan refinance is much lower, at 2.75 percent with 1.10 points.

Loan Type
Purchase    Refinance
State/City    Zip Code
Loan Amt Points FICO % Down
in 06101, 0, 740    Sort by:
Cost & Fees
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at -0.250 pts
30 day lock rate
Est payment: $1,390
Fees in APR: ($747)
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Author: Brian McKay
September 29th, 2016