FHA Refinance Volume Jumps as Mortgage Rates Today Remain Stable

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Mortgage rates today remained just above record lows in the Mortgage Bankers Association's Weekly Application Survey. Current 30 year mortgage rates averaged 3.87 percent, matching the all-time low average rate and down 1 basis point from last week's average rate.

Although conforming 30 mortgage rates remained at record lows this week, mortgage applications for home purchases declined more than 9 percent and mortgage applications for refinancing was flat showing an increase of only 1 percent this week.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 95816, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed mtg refi Mortgage Loan from Star One Credit Union
Star One Credit Union
300000
Refinance
3.878
3.875
USD
Star One Credit Union
3.878%
3/25/2019
3.875%
at 0.000 pts
45 day lock rate
Est payment: $1,410.71
Fees in APR: $105
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.280
4.250
USD
LincolnWay Community Bank
4.280%
3/19/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of the West
Bank of the West
300000
Refinance
4.419
4.375
USD
Bank of the West
4.419%
3/26/2019
4.375%
at 0.250 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $793
 
 
30 yr fixed mtg refi Mortgage Loan from Union Bank
Union Bank
300000
Refinance
4.522
4.500
USD
Union Bank
4.522%
3/20/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $771
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.412
4.375
USD
Raymond James Bank, NA
4.412%
3/26/2019
4.375%
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from San Diego County Credit Union
San Diego County Credit Union
300000
Refinance
4.304
4.250
USD
San Diego County Credit Union
4.304%
3/20/2019
4.250%
at 0.500 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $434
 
 
30 yr fixed mtg refi Mortgage Loan from First Tech Credit Union
First Tech Credit Union
300000
Refinance
4.275
4.250
USD
First Tech Credit Union
4.275%
3/20/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $898
 
 
30 yr fixed mtg refi Mortgage Loan from Schools First FCU
Schools First FCU
300000
Refinance
4.278
4.250
USD
Schools First FCU
4.278%
3/25/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $995
 
 

Mortage Data Provided by Bankrate.com Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

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.






Lower refinance rates and new lower FHA premiums on streamlined refinance loans came fully into effect and borrowers took advantage of the lower fees to refinance their mortgages without increasing their FHA premiums.

Mortgage Rates Today


Today's mortgage rates on 30 year conforming mortgages averaged 3.87 percent with 0.49 mortgage points this week, a decrease from the prior week's average 30 year mortgage rate of 3.88 percent with 0.43 mortgage points. Average 30 year rates matched the record low set on June 1, 2012.

Mortgage rates today on 15 year conventional home loans are averaging 3.25 percent with 0.45 mortgage points, and increase from the previous week's average 15 year mortgage rate of 3.23 percent with 0.48 points. This is the second consecutive week average 15 year mortgage rates increased. Current mortgage rates on 15 year loans are averaging 2.99 percent as reported by MonitorBankRates.com.

Current mortgage rates today on 30 year jumbo mortgages are averaging 4.06 percent with average points at 0.38 percent. This is the lowest point for jumbo mortgage rates in the history of the MBA's survey and down from last week's average of 4.13 percent with 0.41 points.

FHA mortgage rates todays are averaging 3.72 percent with 0.47 points, an increase from last week's average FHA mortgage rate of 3.71 percent with 0.59 points.

5 year mortgage rates this week are at the lowest point in the history of the survey. Mortgage rates currently on 5 year conforming adjustable loans are averaging 2.75 percent with 0.33 points. This is down from last week's average 5 year adjustable mortgage rate of 2.78 percent with 0.49 points.
 
Author: Brian McKay
June 20th, 2012