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Expect Lower Mortgage Rates in Coming Weeks    Mortgage rates, which are low historically speaking, are expected to decline even more in the coming weeks. Mortgage rates will decline in the near future due to of lower long term bond yields. 10 year bond yields fell back below 2.00 percent this week and are down to 1.81 percent today. At the beginning of 2016, 10 year yields were around 2.25 percent. During the same time, average 30 year mortgage rates have fallen from a peak of 3.81 percent to 3.71 percent today. The larger decline in 10 year bond yields will force average 30 year mortgage rates down to around 3.50 percent. You can already find lenders quoting 30 year rates around 3.50 percent with points.
15 year mortgage rates today are averaging 2.84 percent, a decline from last week's average 15 year rate of 2.87 percent. The lowest quoted 15 year rate in our database of rates for California is at 2.50 percent with 1.10 points. The lowest 15 year rate without points in California is quoted at 2.75 percent. 5 year adjustable mortgage rates are averaging 3.09 percent, up from last week's average 5 year adjustable rate of 2.98 percent. The lowest 5 year adjustable refinance rate in our database is at 2.25 percent with 2 points and at 2.375 percent with no points. 30 year jumbo mortgage rates are averaging 4.13 percent, down from last week's average 30 year jumbo rate of 4.19 percent. 30 year jumbo refinance rates in our database are much lower than the average. The lowest rate with points ist at 3.125 percent and the lowest without points is at 3.265 percent.
5 year jumbo adjustable mortgage rates are averaging 3.40 percent, down considerably from last week's average of 3.78 percent. The lowest 5 year jumbo refi rates in the database are at 2.125 percent with points and at 2.625 percent with no points.
Lender
APR
Rate
Cost & Fees
Notes
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 NMLS # 181005
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 NMLS # 447490
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 NMLS # 244476
State Lic # MC-5877  NMLS # 53112
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 NMLS # 401599
State Lic # 401599 
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 NMLS # 541760
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 NMLS # 472433
 NMLS # 403501
 NMLS # 417490
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NMLS # 401599
State Lic # 401599 NMLS # 244476
State Lic # MC-5877
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NMLS # 417490
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NMLS # 472433
NMLS # 53112
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 NMLS # 402606
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NMLS # 403501
NMLS # 181005
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 NMLS # 237507
 NMLS # 2925
State Lic # MC-1875
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NMLS # 447490
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NMLS # 417490
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NMLS # 541760
Thank you for your inquiry! We look forward to working with you.
NMLS # 53112
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Virginia Credit Union
4.820%
12/11/2018
4.750%
at 0.250 pts
45 day lock rate Est payment: $1,564.94
Fees in APR: $1,650
LincolnWay Community Bank
4.781%
12/11/2018
4.750%
at 0.000 pts
30 day lock rate Est payment: $1,564.94
Fees in APR: $1,085
Northwest Federal Credit Union
4.818%
12/12/2018
4.750%
at 0.750 pts
45 day lock rate Est payment: $1,564.94
Fees in APR: $79
Bank of Oak Ridge
4.794%
12/13/2018
4.750%
at 0.227 pts
60 day lock rate Est payment: $1,564.94
Fees in APR: $853
State Department Federal Credit Union
4.683%
12/10/2018
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $2,000
Santander Bank, N.A.
4.934%
12/13/2018
4.875%
at 0.000 pts
60 day lock rate Est payment: $1,587.62
Fees in APR: $2,004
Raymond James Bank, NA
4.913%
12/11/2018
4.875%
at 0.000 pts
45 day lock rate Est payment: $1,587.62
Fees in APR: $1,299
Fulton Bank, NA
4.926%
12/11/2018
4.875%
at 0.250 pts
60 day lock rate Est payment: $1,587.62
Fees in APR: $1,007
TD Bank, NA
4.778%
12/7/2018
4.750%
at 0.000 pts
45 day lock rate Est payment: $1,564.94
Fees in APR: $982
Bank of America
4.609%
12/12/2018
4.500%
at 0.842 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $1,289
Citizens Bank, NA
4.927%
12/7/2018
4.875%
at 0.125 pts
60 day lock rate Est payment: $1,587.62
Fees in APR: $1,408
Apple Federal Credit Union
4.848%
12/12/2018
4.750%
at 1.000 pts
60 day lock rate Est payment: $1,564.94
Fees in APR: $352
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. |
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The lowest 30 year rate in MonitorBankRates' database is at 3.375 percent with 1 point in the state of California. You can compare lender's rates in the state you live in by searching our mortgage rate database at 
