FHA Refinance Volume Jumps as Mortgage Rates Today Remain Stable

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.

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.

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

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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 #1835285

5.604%

15-Year Fixed

5.375%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$3,242 /mo

Next >

NMLS #6606

6.132%

15-Year Fixed

5.990%

$3,644

Includes 0.911 points for $3,644

Lender Fees: $0

$3,374 /mo

Next >

NMLS #1835285

6.482%

30-Year Fixed

6.375%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$2,496 /mo

Next >

NMLS #6606

6.833%

30-Year Fixed

6.740%

$3,828

Includes 0.957 points for $3,828

Lender Fees: $0

$2,592 /mo

Next >

NMLS #3030

7.035%

15-Year Fixed

6.875%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,568 /mo

Next >

NMLS #1835285

7.143%

5-Year ARM

7.000%

$5,804

Includes 0.951 points for $3,804

Lender Fees: $2,000

$2,662 /mo

Next >

NMLS #3030

7.200%

30-Year Fixed

7.125%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,695 /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.

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.