Current Mortgage Rates – Today’s Interest Rates Stable at 5.50%

Current mortgage rates have stabilized since the beginning of the week. Friday's unemployment rate came showed a surprising decline over May's unemployment numbers forcing mortgage rates higher but rates haven't changed much since then.

Today's mortgage rates are still low compared to historical standards, that being said, if you're looking for a mortgage to purchase a home or refinance your current mortgage now is the time to do it.

Find Mortgage Rates Here

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 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 #2059741

4.764%

15-Year Fixed

4.625%

$3,708

Includes 0.927 points for $3,708

Lender Fees: $0

$3,086 /mo

Next >

NMLS #2126430

4.764%

15-Year Fixed

4.625%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$3,086 /mo

Next >

NMLS #2473786

4.779%

15-Year Fixed

4.625%

$4,119

Includes 0.756 points for $3,024

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #757416

4.894%

15-Year Fixed

4.750%

$3,836

Includes 0.959 points for $3,836

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1954591

License: 60DBO-113383

4.930%

15-Year Fixed

4.750%

$4,839

Includes 0.933 points for $3,732

Lender Fees: $1,107

$3,112 /mo

Next >

NMLS #2473786

4.972%

5-Year ARM

4.875%

$4,451

Includes 0.839 points for $3,356

Lender Fees: $1,095

$2,117 /mo

Next >

NMLS #2126430

4.983%

5-Year ARM

4.875%

$4,951

Includes 0.939 points for $3,756

Lender Fees: $1,195

$2,117 /mo

Next >

NMLS #1928741

4.987%

15-Year Fixed

4.875%

$2,960

Includes 0.740 points for $2,960

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1312186

5.007%

15-Year Fixed

4.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,138 /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 #1312186

5.336%

5-Year ARM

5.250%

$3,868

Includes 0.967 points for $3,868

Lender Fees: $0

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.480%

5-Year ARM

5.375%

$4,723

Includes 0.904 points for $3,616

Lender Fees: $1,107

$2,240 /mo

Next >

NMLS #2059741

5.573%

30-Year Fixed

5.490%

$3,700

Includes 0.925 points for $3,700

Lender Fees: $0

$2,269 /mo

Next >

NMLS #2126430

5.583%

30-Year Fixed

5.500%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$2,272 /mo

Next >

NMLS #2473786

5.587%

30-Year Fixed

5.490%

$4,295

Includes 0.800 points for $3,200

Lender Fees: $1,095

$2,269 /mo

Next >

NMLS #757416

5.687%

30-Year Fixed

5.625%

$2,744

Includes 0.686 points for $2,744

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1928741

5.700%

30-Year Fixed

5.625%

$3,296

Includes 0.824 points for $3,296

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1312186

5.842%

30-Year Fixed

5.750%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.861%

30-Year Fixed

5.750%

$4,895

Includes 0.947 points for $3,788

Lender Fees: $1,107

$2,335 /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.

If you're a first time home buyer there also is a tax credit of $8,000 to purchase a home. Some legislators along with the National Association of Realtors is trying to pass a law giving all home buyers a $15,000 tax credit.

Current Mortgage Rates

30-year mortgage rates are still hovering around the 5.50% range, which isn't much higher than the 30-year home loan rates we were seeing over the past couple of months. 15-year mortgage rates are still under 5.00% at 4.87 percent, somewhat higher than last week's average 15-year mortgage rate of 4.70 percent.

Jumbo Mortgage Rates

Jumbo mortgage rates rose by a larger amount this past week but haven't moved much the past few days. Today's 30-year  jumbo mortgage rates are averaging 6.31%, higher over the prior week's average mortgage rate of 6.15%. The average rate for 15-year jumbo mortgages at 6.15%, a big uptick from the previous week's average mortgage rate of 5.80 percent.

These posted mortgage rates are current as of today. You can find current mortgage rates in your area by using the mortgage rate tables on MonitorBankRates.com. Mortgage Rate Tables Here