30 Year Mortgage Rates Today at 3.88 Percent as Housing Starts Decline in February

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Mortgage rates are lower today, following 10 year Treasury yields lower. Average 30 year mortgage rates today declined to 3.88 percent, down from the prior week's average rate of 3.92 percent. Mortgage rates might move sharply higher or lower this week after the Federal Open Market Committee (FOMC) wraps up their two day meeting tomorrow.

Equity markets are jittery ahead the expected announcement from the Fed tomorrow, the Dow is down 150 points. Analysts do not expect the Fed to announce a hike interest rates tomorrow but are instead looking for language on when a rate hike might take place.
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 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 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 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 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 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 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 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 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 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 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 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
 
 
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 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 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
 
 

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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.






Weekly Mortgage RatesWe believe a federal funds rate hike is most likely in the June meeting. Mortgage rates are not directly tied to the fed funds rate but U.S. Treasury yields are. A fed funds rate hike in June will send Treasury yields higher, which will send mortgage rates higher.

Housing starts fell 17 percent in February to 897,000 units, lower than the forecast of 1,097,000. February's number is the first time since last July the number was below 1 million. The sharp decline was primarily due to the bad weather, analysts expect the March number to be back above 1 million. You can view the entire report on new construction: New Residential Construction in February 2015.

Mortgage Rates TodayAverage 30 year conforming rates are at 3.88 percent but there are many lenders quoting 30 year rates below the average. The lowest 30 year refinance rates on the rate table for California are at 3.625 percent with 1 mortgage point.

The more points you are willing to pay the lower the mortgage rate you can get on a loan. Points on loans are available in quarter point increments. Most lenders only allow you to "buy down" the rate with a maximum of 2 points.

Current mortgage rates on 15 year conforming loans are averaging 3.05 percent, a decline from last week's average rate of 3.08 percent. If the Fed hints that a rate hike will come later than June, bonds will rally and we could see 15 year mortgage rates fall back below 3.00 percent.

The best 15 year refinance rates available on the rate table for Connecticut are at 2.875 percent with 1.125 mortgage points. The best rates without points on the table for Connecticut are at 3.125 percent.

Today's mortgage rates on 30 year jumbo loans are averaging 4.22 percent, down 11 basis points from last week's average jumbo rate of 4.33 percent. The lowest 30 year jumbo refinance rate on the table for Colorado is at 3.50 percent with 1 mortgage point.

15 year jumbo mortgage rates are also down 11 basis points this week. The current average rate is 3.94 percent, down from last week's average of 4.05 percent. The lowest 15 year refinance rate available on the table for Florida is at 3.50 percent with 1 mortgage point.

Conforming 5 year adjustable mortgage rates are averaging 3.34 percent, a decline of 1 basis point from the prior week's average of 3.35 percent. The lowest 5 year adjustable refinance rates on the table for Texas are at 2.625 percent with 1 mortgage point. The lowest rate without points is at 2.875 percent.

Jumbo adjustable mortgage rates on 5 year loans are averaging 3.44 percent, down from last week's average of 3.52 percent. The lowest 5 year jumbo adjustable rates currently available in Oregon are at 2.875 percent with 1 point and at 3.125 percent with no points.

 
 
Author: Brian McKay
March 17th, 2015