30 Year Mortgage Rates Only 8 Basis Points Above Record Low
Average 30 year mortgage rates are now only 8 basis points above the all-time record low of 3.31 set in 2012. 30 year conforming mortgage rates fell this week to 3.39 percent, down from last week's average 30 year rate of 3.42 percent.
The lowest 30 year refinance rates available in our database are much lower than the average 30 year rate. We have a handful of lenders quoting 30 year refinance rates at 3.00 percent with points and at 3.25 percent with no points.
Mortgage rates today on 15 year conforming loans are averaging 2.67 percent, a decline from last week's average 15 year mortgage rate of 2.68 percent. Average 15 year mortgage rates are only 4 basis points above the all-time record low of 2.63 percent set in November 2012.
The lowest 15 year refinance rates available on our database are also lower than the average 15 year rate. The lowest 15 year refinance rate with points is at 2.375 percent and the lowest refi rate without points is at 2.625 percent.
30 year jumbo mortgage rates are currently averaging 3.80 percent, down from the previous week's average 30 year jumbo mortgage rate of 3.84 percent. The best 30 year jumbo refinance rate with points in our database is at 3.125 percent and the lowest rate without points is at 3.50 percent.
Average 15 year jumbo mortgage rates today are at 3.39 percent, down from last week's average 15 year jumbo rate of 3.43 percent. The best 15 year jumbo refinance rate in our database is lower at 2.75 percent with points and at 2.875 percent without points.
You can search for and compare the lowest mortgage rates in your state by using searching our rate database at MortgageRates.MonitorBankRates.com. Unlike most websites you don't have to provide any personal information to see a list of mortgage rates.
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