Competitive Mortgage Rates from eRates Mortgage

eRates Mortgage is quoting mortgage rates well below current average mortgage rates and is even offering some of the lowest refinance rates available in the rate database. For example, average 30 year conforming mortgage rates are at 3.68 percent today and eRates is offering 30 year rates at 3.375 percent.

You might not have heard of eRates Mortgage but they have been around before the internet was widely used. eRates was founded in Charlotte, North Carolina, in August of 1991 and has grown to now offer rates in 32 states. eRates is a direct-to-consumer lender and specializes in Conventional, FHA, & VA loans. eRates also offers jumbo loans up to $2,000,000.

15 year mortgage rates today are averaging 2.79 percent and eRates is currently quoting 15 year refinance rates well below the average. eRates is quoting 15 year conforming rates at 2.50 percent with 1.10 mortgage points. Paying points upfront on a loan allows the borrower to secure a lower rate. If you don't want to pay points, eRates is quoting 15 year rates at 2.875 percent with no points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Equity Capital Home Loans
NMLS #1689962
License: 02053435
5.524%
15-Year Fixed
5.375%
$3,904
Includes 0.976 points for $3,904
Lender Fees: $0
$3,242 /mo
District Lending
NMLS #1835285
5.604%
15-Year Fixed
5.375%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,242 /mo
Pure Rate Mortgage
NMLS #2578474
5.662%
15-Year Fixed
5.500%
$4,218
Includes 0.792 points for $3,168
Lender Fees: $1,050
$3,269 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.794%
15-Year Fixed
5.625%
$4,392
Includes 0.923 points for $3,692
Lender Fees: $700
$3,295 /mo
New American Funding, LLC.
NMLS #6606
6.132%
15-Year Fixed
5.990%
$3,644
Includes 0.911 points for $3,644
Lender Fees: $0
$3,374 /mo
Pure Rate Mortgage
NMLS #2578474
6.479%
30-Year Fixed
6.375%
$4,350
Includes 0.825 points for $3,300
Lender Fees: $1,050
$2,496 /mo
District Lending
NMLS #1835285
6.482%
30-Year Fixed
6.375%
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,496 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
6.545%
30-Year Fixed
6.490%
$2,296
Includes 0.574 points for $2,296
Lender Fees: $0
$2,526 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.706%
30-Year Fixed
6.625%
$3,332
Includes 0.658 points for $2,632
Lender Fees: $700
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.833%
30-Year Fixed
6.740%
$3,828
Includes 0.957 points for $3,828
Lender Fees: $0
$2,592 /mo
Rocket Mortgage
NMLS #3030
7.035%
15-Year Fixed
6.875%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,568 /mo
District Lending
NMLS #1835285
7.143%
5-Year ARM
7.000%
$5,804
Includes 0.951 points for $3,804
Lender Fees: $2,000
$2,662 /mo
Rocket Mortgage
NMLS #3030
7.200%
30-Year Fixed
7.125%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$2,695 /mo
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.

Today's 30 year jumbo mortgage rates are averaging 4.17 percent. eRates is quoting 30 year jumbo refinance rates well below the average at 3.50 percent with 1.10 mortgage points. You can see quotes from eRates Mortgage in your state by searching our database of rates.

 
Author: Brian McKay
April 29th, 2016

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