Current Mortgage Rates: Mortgage Rates Decline to Five Week Low

Current mortgage rates declined to a five week low for the week ending November 12, 2009 according to the most recent mortgage rate survey released by Freddie Mac. 30 year mortgage rates stayed below 5.00 percent for the fifth time in the past seven weeks.

In this week's Primary Mortgage Market Survey conforming 30 year mortgage interest rates declined to 4.91 percent, down from the previous week's average mortgage rate of 4.98 percent. Mortgage discount points stayed the same at 0.7 points. A year ago at this time 30 year mortgage interest rates were over 6.00 percent at 6.14 percent.

Looking for today’s mortgage interest rates? The best mortgage interest rates can be found in your state by using our mortgage rate tables: Best Mortgage Rates

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

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB'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 #2473786

4.934%

15-Year Fixed

4.750%

$4,887

Includes 0.948 points for $3,792

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #1085173

4.949%

15-Year Fixed

4.750%

$5,370

Includes 1.000 points for $4,000

Lender Fees: $1,370

$3,112 /mo

Next >

NMLS #1935422

License: 60DBO-109262

5.006%

15-Year Fixed

4.750%

$6,825

Includes 0.385 points for $1,540

Lender Fees: $5,285

$3,112 /mo

Next >

NMLS #1835285

5.007%

15-Year Fixed

4.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,138 /mo

Next >

NMLS #757416

5.140%

15-Year Fixed

4.990%

$3,960

Includes 0.990 points for $3,960

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1067

5.149%

15-Year Fixed

5.000%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$3,164 /mo

Next >

NMLS #1935422

License: 60DBO-109262

5.192%

5-Year ARM

5.000%

$8,777

Includes 0.873 points for $3,492

Lender Fees: $5,285

$2,148 /mo

Next >

NMLS #613839

5.200%

15-Year Fixed

4.990%

$5,551

Includes 0.916 points for $3,664

Lender Fees: $1,887

$3,162 /mo

Next >

NMLS #2473786

5.361%

5-Year ARM

5.250%

$4,967

Includes 0.968 points for $3,872

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #1312186

5.365%

15-Year Fixed

5.250%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,216 /mo

Next >

NMLS #1025894

5.508%

15-Year Fixed

5.375%

$3,480

Includes 0.695 points for $2,780

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1835285

5.578%

5-Year ARM

5.500%

$3,439

Includes 0.735 points for $2,940

Lender Fees: $499

$2,272 /mo

Next >

NMLS #1935422

License: 60DBO-109262

5.812%

30-Year Fixed

5.625%

$8,261

Includes 0.744 points for $2,976

Lender Fees: $5,285

$2,303 /mo

Next >

NMLS #1835285

5.817%

30-Year Fixed

5.750%

$2,927

Includes 0.607 points for $2,428

Lender Fees: $499

$2,335 /mo

Next >

NMLS #1312186

5.824%

5-Year ARM

5.750%

$3,232

Includes 0.808 points for $3,232

Lender Fees: $0

$2,335 /mo

Next >

NMLS #2473786

5.861%

30-Year Fixed

5.750%

$4,847

Includes 0.938 points for $3,752

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #1085173

5.862%

5-Year ARM

5.750%

$4,974

Includes 0.901 points for $3,604

Lender Fees: $1,370

$2,335 /mo

Next >

NMLS #1085173

5.951%

30-Year Fixed

5.875%

$3,370

Includes 0.500 points for $2,000

Lender Fees: $1,370

$2,367 /mo

Next >

NMLS #2561451

5.955%

30-Year Fixed

5.875%

$3,450

Includes 0.675 points for $2,700

Lender Fees: $750

$2,367 /mo

Next >

NMLS #757416

6.045%

30-Year Fixed

5.990%

$2,376

Includes 0.594 points for $2,376

Lender Fees: $0

$2,396 /mo

Next >

NMLS #1067

6.055%

30-Year Fixed

5.990%

$2,780

Includes 0.695 points for $2,780

Lender Fees: $0

$2,396 /mo

Next >

NMLS #613839

6.091%

30-Year Fixed

5.990%

$4,343

Includes 0.614 points for $2,456

Lender Fees: $1,887

$2,396 /mo

Next >

NMLS #1312186

6.093%

30-Year Fixed

6.000%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,399 /mo

Next >

NMLS #1025894

6.208%

30-Year Fixed

6.125%

$3,520

Includes 0.705 points for $2,820

Lender Fees: $700

$2,431 /mo

Next >

NMLS #399799

6.218%

30-Year Fixed

6.125%

$4,111

Includes 0.696 points for $2,784

Lender Fees: $1,327

$2,431 /mo

Next >

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.

15 year mortgage interest rates also declined in this week's mortgage survey. The current 15 year home loan interest rate is averaging 4.36 percent, down from the prior week's average mortgage rate of 4.40 percent, which is a lot lower from a year ago when 15 year mortgage home loans averaged 5.81 percent. Mortgage points averaged 0.6 points.

Adjustable mortgage rates were also lower in this week's survey - 5 year Treasury indexed home loan rates averaged 4.29 percent, down from last week's average home loan rate of 4.35 percent. A year ago, 5 year home loan interest rates averaged 5.98 percent. Discount points averaged 0.6 points.

One year adjustable rate mortgages averaged 4.46 percent, down slightly from the previous week's average home mortgage loan rate of 4.47 percent. Mortgage discount points averaged 0.6 points. A year ago the average home loan interest rate on a one year ARM was 5.53 percent.

Jumbo mortgage rates currently are higher this week over last. MonitorBankRates.com reported on jumbo rate mortgages on Monday. Following is the report:

Jumbo Rate Mortgages

• 30 year jumbo mortgage interest rates are at 5.78 percent this week, up slightly from last week’s average mortgage rate of 5.77 percent.
• 15 year jumbo rate mortgages are at 5.29%, up from the previous week’s average loan rate of 5.27%.

Find current mortgage rates in your state by searching our mortgage rate tables: Mortgage Rates Current