Average Mortgage Rates Today Decline on Aid Package for Spain’s Banks

Average mortgage rates today and bond yields are lower on investor concerns about the bailout of Spain's banks. The bailout package announced over the weekend didn't do much to alleviate investor concerns about the debt problems in the European Union. As a result bond yields and U.S. stock market indices declined.

10 year bond yields declined 4 basis points today with yields closing at 1.60 percent. Average 30 year mortgage rates are at 3.67 percent, down from Friday''s average 30 year mortgage rate of 3.72 percent. These rates are average rates you can find mortgage refinance rates below 3.50 percent on 30 year loans right now.

The next couple of days we will probably see new all-time lows in bond yields and average mortgage rates. Current mortgage rates on 15 year home loans are averaging 3.02 percent, down from Friday's average 15 year mortgage rate of 3.09 percent. Right now on our rate tables there are many lenders offering 15 year refinance rates below 3.00 percent.

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 MRC'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 #135622

4.775%

15-Year Fixed

4.625%

$4,090

Includes 0.750 points for $3,000

Lender Fees: $1,090

$3,086 /mo

Next >

NMLS #1025894

4.874%

15-Year Fixed

4.750%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,112 /mo

Next >

NMLS #6606

5.260%

15-Year Fixed

5.125%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,190 /mo

Next >

NMLS #135622

5.590%

30-Year Fixed

5.500%

$4,090

Includes 0.750 points for $3,000

Lender Fees: $1,090

$2,272 /mo

Next >

NMLS #1025894

5.682%

30-Year Fixed

5.625%

$2,508

Includes 0.627 points for $2,508

Lender Fees: $0

$2,303 /mo

Next >

NMLS #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$2,367 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

30 year jumbo mortgage rates are averaging 4.28 percent, down from Friday's average 30 year jumbo rate of 4.34 percent. 15 year jumbo mortgage rates are averaging 3.55 percent, down from Friday's average 15 year jumbo rate of 3.59 percent.

Adjustable mortgage rates are also lower today. Current 5 year conforming adjustable mortgage interest rates are averaging 2.69 percent, down from Friday's average 5 year adjustable rate of 2.78 percent. 5 year jumbo adjustable mortgage rates are averaging 2.87 percent, down from Friday's average 5 year jumbo rate of 2.93 percent.