Current Mortgage Rates on Verge of Hitting New Lows for 2014Average rates on 30 year loans will move lower in the coming days because yields on 10 year bonds are tanking. Lenders set loan rates based on U.S. Treasury yields and 10 year bond yields are down 7 basis points today to 2.33 percent, the lowest point for the 10 year yield this year. This sharp decline will drive lenders to decrease mortgage rates in the coming days, which will drive the average mortgage rate lower, in all likelihood to a new low for 2014.
Lender
APR
Rate
Cost & Fees
Notes
Bank of Oak Ridge
4.304%
2/14/2019
4.250%
at 0.353 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $853
Citizens Bank, NA
4.665%
2/15/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,408
Bank of America
4.326%
2/13/2019
4.250%
at 0.472 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $1,289
Santander Bank, N.A.
4.683%
2/19/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $2,004
Apple Federal Credit Union
4.596%
2/13/2019
4.500%
at 1.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $352
LincolnWay Community Bank
4.406%
2/19/2019
4.375%
at 0.000 pts
30 day lock rate Est payment: $1,497.86
Fees in APR: $1,085
Virginia Credit Union
4.465%
2/19/2019
4.375%
at 0.500 pts
45 day lock rate Est payment: $1,497.86
Fees in APR: $1,650
Raymond James Bank, NA
4.662%
2/19/2019
4.625%
at 0.000 pts
45 day lock rate Est payment: $1,542.42
Fees in APR: $1,299
State Department Federal Credit Union
4.557%
2/18/2019
4.500%
at 0.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $2,000
Northwest Federal Credit Union
4.545%
2/13/2019
4.500%
at 0.500 pts
45 day lock rate Est payment: $1,520.06
Fees in APR: $79
Fulton Bank, NA
4.686%
2/19/2019
4.625%
at 0.375 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,007
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. Yields are moving lower as a response to several factors. Economies across the globe remain sluggish and as a result, central banks are forcing interest rates lower to stimulate their economies. Bond yields declined to record lows across the European Union. German 10 year bond yields briefly fell below 1.00 percent for the first time ever. Geopolitical tensions have been increasing in several different parts of the world and as a result investors are reducing their appetite for risk, instead investing in the safe haven of bonds in the Eurozone and in the United States. Investor demand for bonds has driven bond prices higher and bond yields lower. We could see 10 year U.S. bond yields fall to 2.00 percent in the months ahead. A 2.0o percent 10 year yield would send average 30 year mortgage rates towards 3.75 percent. Average rates are still above 4.00 percent but there are many lenders quoting 30 year refinance rates below 4.00 percent. We have over 10 lenders quoting 30 year rates below 4.00 percent on our rate tables with points and without points. Without providing any personal information, you can check on rates in your state by using the tables to view rates: Rate Tables. Below is a list of average conforming and jumbo mortgage rates: Average Conforming Mortgage Rates
Average Jumbo Mortgage Rates
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