Fixed Mortgage Rates Decline The First Week of 2016

Fixed mortgage rates on both conforming and jumbo mortgages declined during the first week of 2016. Average 30 year conforming rates are at 3.81 percent, down from last week's average rate of 3.900 percent. Average 30 year jumbo mortgage rates are currently at 4.39 percent, a decline from the prior week's average of 4.44 percent.

The declines may be short lived since a very strong jobs report released Friday morning is likely to send mortgage rates higher next week. Economists were looking for 200,000 jobs being created in December and the number came in at 292,000.

The stronger jobs number will make it more likely the Federal Reserve will increase the fed funds rate when they meet this month. Last month the Fed increased the fed funds rate for the first time in almost a decade. The last time there were back-to-back monthly increases in the rate were May and June of 2006.

While there isn't a direct connection between a higher fed funds rate and higher mortgage rates, both typically move in the same direction. The direction of mortgage rates in the coming years will be higher but rates are currently low by historic standards.

In fact, current average 30 year conforming rates at 3.81 percent are a really good deal. Looking back at Freddie Mac's Primary Mortgage Market Survey in January 1982, average 30 year rates were at 17.48 percent. The all-time low for 30 year rates in the PMMS survey was at 3.35 percent in December 2012.

You can check for current rates in your state by searching our rate database at MonitorBankRates.com.

Loan Type Purchase    Refinance	Location State/City    Zip Code		Loan Amt	Points	FICO	% Down
30 year fixed refi 15 year fixed refi 10 year fixed refi 20 year fixed refi 5/1 ARM refi 7/1 ARM refi 10/1 ARM refi 3/1 ARM refi 5/1 ARM refi IO 7/1 ARM refi IO 3/1 ARM refi IO	AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY    Alexandria Arlington Bluefield Charlottesville Chesapeake Danville-Martinsville Hampton Roads Harrisonburg Lynchburg Reston-Manassas Richmond Roanoke South Hill Sugarland Run Tri-Cities		$	All 0 0.1 - 1 1.1 - 2	660 - 679 680 - 699 700 - 719 720 - 739 740+	5% 10% 15% 20% 25% 30% 40%

30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by: Default Lender APR Rate Fees in APR Payment Points

Lender

APR

Rate

Cost & Fees

Notes

 

30 yr fixed Mortgage Loan from eRates Mortgage

eRates Mortgage

https://www.brimg.net/system/img/inst/9139_logo.gif

300000

Refinance

4.450

4.375

USD

NMLS # 1071
State Lic # MC-1772
(877) 387 - 4811

4.450%

12/13/2018

4.375%

at 0.100 pts
30 day lock rate

Est payment: $1,497.86

Fees in APR: $2,325

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed Mortgage Loan from Ally Bank

Ally Bank

https://www.brimg.net/system/img/inst/10271_logo.gif

300000

Refinance

4.720

4.625

USD

NMLS # 181005

4.720%

12/13/2018

4.625%

at 0.100 pts
45 day lock rate

Est payment: $1,542.42

Fees in APR: $2,998

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from Northpointe Bank

Northpointe Bank

https://www.brimg.net/system/img/inst/10077_logo.gif

300000

Refinance

4.359

4.250

USD

NMLS # 447490

4.359%

12/13/2018

4.250%

at 0.100 pts
30 day lock rate

Est payment: $1,475.82

Fees in APR: $3,557

Thank you for your inquiry! 

 

Next

30 yr fixed Mortgage Loan from First Mortgage Direct

First Mortgage Direct

https://www.brimg.net/system/img/inst/10212_logo.gif

300000

Refinance

4.554

4.375

USD

NMLS # 244476
State Lic # MC-5877

4.554%

12/13/2018

4.375%

at 1.000 pts
30 day lock rate

Est payment: $1,497.86

Fees in APR: $3,234

 

 

Next

30 yr fixed Mortgage Loan from Sol Mortgage

Sol Mortgage

https://www.brimg.net/system/img/inst/10262_logo.gif

300000

Refinance

9.309

9.125

USD

NMLS # 53112

9.309%

12/13/2018

9.125%

at 0.100 pts
30 day lock rate

Est payment: $2,440.90

Fees in APR: $4,541

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from Capital Bank N.A.

Capital Bank N.A.

https://www.brimg.net/system/img/inst/8589_logo.gif

300000

Refinance

4.449

4.375

USD

NMLS # 401599
State Lic # 401599

4.449%

12/13/2018

4.375%

at 0.100 pts
30 day lock rate

Est payment: $1,497.86

Fees in APR: $2,300

 

 

Next

30 yr fixed Mortgage Loan from Sebonic Financial

Sebonic Financial

https://www.brimg.net/system/img/inst/8420_logo.gif

300000

Refinance

4.332

4.240

USD

NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671

4.332%

12/13/2018

4.240%

at 0.100 pts
30 day lock rate

Est payment: $1,474.06

Fees in APR: $2,960

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed Mortgage Loan from CIT Bank

CIT Bank

https://www.brimg.net/system/img/inst/10026_logo.gif

300000

Refinance

4.400

4.300

USD

NMLS # 541760

4.400%

12/13/2018

4.300%

at 0.100 pts
45 day lock rate

Est payment: $1,484.61

Fees in APR: $3,220

Thank you for your inquiry! We look forward to working with you. 

 

Next

30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank

ConsumerDirect Mortgage, a division of First Bank

https://www.brimg.net/system/img/inst/8087_logo.gif

300000

Refinance

4.564

4.375

USD

NMLS # 472433

4.564%

12/13/2018

4.375%

at 1.000 pts
30 day lock rate

Est payment: $1,497.86

Fees in APR: $3,583

No Points No Games No Surprises! No Closing Cost Options! 

 

Next

30 yr fixed Mortgage Loan from HomeDirect Mortgage

HomeDirect Mortgage

https://www.brimg.net/system/img/inst/10447_logo.gif

300000

Refinance

4.630

4.500

USD

NMLS # 403501

4.630%

12/13/2018

4.500%

at 1.000 pts
30 day lock rate

Est payment: $1,520.06

Fees in APR: $1,509

 

 

Next

30 yr fixed Mortgage Loan from Flagstar Bank

Flagstar Bank

https://www.brimg.net/system/img/inst/6546_logo.gif

300000

Refinance

4.719

4.625

USD

NMLS # 417490

4.719%

12/13/2018

4.625%

at 0.100 pts
30 day lock rate

Est payment: $1,542.42

Fees in APR: $2,967

Thank you for your inquiry! 

 

Next

30 yr fixed Mortgage Loan from Capital Bank N.A.

Capital Bank N.A.

https://www.brimg.net/system/img/inst/8589_logo.gif

300000

Refinance

4.625

4.625

USD

NMLS # 401599
State Lic # 401599

4.625%

12/13/2018

4.625%

at 0.000 pts
30 day lock rate

Est payment: $1,542.42

Fees in APR: None

 

 

Next

30 yr fixed Mortgage Loan from First Mortgage Direct

First Mortgage Direct

https://www.brimg.net/system/img/inst/10212_logo.gif

300000

Refinance

4.625

4.625

USD

NMLS # 244476
State Lic # MC-5877

4.625%

12/13/2018

4.625%

at 0.000 pts
30 day lock rate

Est payment: $1,542.42

Fees in APR: None

 

 

Next

30 yr fixed Mortgage Loan from eRates Mortgage

eRates Mortgage

https://www.brimg.net/system/img/inst/9139_logo.gif

300000

Refinance

4.625

4.625

USD

NMLS # 1071
State Lic # MC-1772
(877) 387 - 4811

4.625%

12/13/2018

4.625%

at 0.000 pts
30 day lock rate

Est payment: $1,542.42

Fees in APR: None

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed Mortgage Loan from Flagstar Bank

Flagstar Bank

https://www.brimg.net/system/img/inst/6546_logo.gif

300000

Refinance

4.898

4.875

USD

NMLS # 417490

4.898%

12/13/2018

4.875%

at 0.000 pts
30 day lock rate

Est payment: $1,587.62

Fees in APR: $777

Thank you for your inquiry! 

 

Next

30 yr fixed Mortgage Loan from Commonwealth Mortgage, LLC

Commonwealth Mortgage, LLC

https://www.brimg.net/system/img/inst/5071_logo.gif

300000

Refinance

4.230

4.230

USD

NMLS # 1023
State Lic # MC-5814
(877) 387 - 2871

4.230%

12/13/2018

4.230%

at 0.000 pts
30 day lock rate

Est payment: $1,472.31

Fees in APR: None

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank

ConsumerDirect Mortgage, a division of First Bank

https://www.brimg.net/system/img/inst/8087_logo.gif

300000

Refinance

4.519

4.500

USD

NMLS # 472433

4.519%

12/13/2018

4.500%

at 0.000 pts
30 day lock rate

Est payment: $1,520.06

Fees in APR: $675

No Points No Games No Surprises! No Closing Cost Options! 

 

Next

30 yr fixed Mortgage Loan from Sol Mortgage

Sol Mortgage

https://www.brimg.net/system/img/inst/10262_logo.gif

300000

Refinance

4.460

4.460

USD

NMLS # 53112

4.460%

12/13/2018

4.460%

at 0.000 pts
30 day lock rate

Est payment: $1,512.93

Fees in APR: None

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from Republic Bank

Republic Bank

https://www.brimg.net/system/img/inst/2248_logo.gif

300000

Refinance

4.506

4.500

USD

NMLS # 402606

4.506%

12/13/2018

4.500%

at 0.000 pts
45 day lock rate

Est payment: $1,520.06

Fees in APR: $219

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from HomeDirect Mortgage

HomeDirect Mortgage

https://www.brimg.net/system/img/inst/10447_logo.gif

300000

Refinance

4.625

4.625

USD

NMLS # 403501

4.625%

12/13/2018

4.625%

at 0.000 pts
30 day lock rate

Est payment: $1,542.42

Fees in APR: None

 

 

Next

30 yr fixed Mortgage Loan from Ally Bank

Ally Bank

https://www.brimg.net/system/img/inst/10271_logo.gif

300000

Refinance

4.875

4.875

USD

NMLS # 181005

4.875%

12/13/2018

4.875%

at 0.000 pts
45 day lock rate

Est payment: $1,587.62

Fees in APR: None

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from LoanLock

LoanLock

https://www.brimg.net/system/img/inst/9948_logo.gif

300000

Refinance

4.490

4.490

USD

NMLS # 237507

4.490%

12/13/2018

4.490%

at 0.000 pts
30 day lock rate

Est payment: $1,518.27

Fees in APR: None

 

 

Next

30 yr fixed Mortgage Loan from JG Wentworth Home Lending

JG Wentworth Home Lending

https://www.brimg.net/system/img/inst/10054_logo.gif

300000

Refinance

4.625

4.625

USD

NMLS # 2925
State Lic # MC-1875

4.625%

12/13/2018

4.625%

at 0.000 pts
45 day lock rate

Est payment: $1,542.42

Fees in APR: None

 

 

Next

30 yr fixed Mortgage Loan from Sebonic Financial

Sebonic Financial

https://www.brimg.net/system/img/inst/8420_logo.gif

300000

Refinance

4.490

4.490

USD

NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671

4.490%

12/13/2018

4.490%

at 0.000 pts
30 day lock rate

Est payment: $1,518.27

Fees in APR: None

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed Mortgage Loan from Northpointe Bank

Northpointe Bank

https://www.brimg.net/system/img/inst/10077_logo.gif

300000

Refinance

4.511

4.500

USD

NMLS # 447490

4.511%

12/13/2018

4.500%

at 0.000 pts
30 day lock rate

Est payment: $1,520.06

Fees in APR: $379

Thank you for your inquiry! 

 

Next

30 yr fixed Mortgage Loan from Flagstar Bank

Flagstar Bank

https://www.brimg.net/system/img/inst/6546_logo.gif

300000

Refinance

4.548

4.375

USD

NMLS # 417490

4.548%

12/13/2018

4.375%

at 1.100 pts
30 day lock rate

Est payment: $1,497.86

Fees in APR: $2,727

Thank you for your inquiry! 

 

Next

30 yr fixed Mortgage Loan from eRates Mortgage

eRates Mortgage

https://www.brimg.net/system/img/inst/9139_logo.gif

300000

Refinance

4.367

4.250

USD

NMLS # 1071
State Lic # MC-1772
(877) 387 - 4811

4.367%

12/13/2018

4.250%

at 1.100 pts
30 day lock rate

Est payment: $1,475.82

Fees in APR: $825

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed Mortgage Loan from CIT Bank

CIT Bank

https://www.brimg.net/system/img/inst/10026_logo.gif

300000

Refinance

4.377

4.250

USD

NMLS # 541760

4.377%

12/13/2018

4.250%

at 1.100 pts
45 day lock rate

Est payment: $1,475.82

Fees in APR: $1,192

Thank you for your inquiry! We look forward to working with you. 

 

Next

30 yr fixed Mortgage Loan from Sol Mortgage

Sol Mortgage

https://www.brimg.net/system/img/inst/10262_logo.gif

300000

Refinance

9.557

9.125

USD

NMLS # 53112

9.557%

12/13/2018

9.125%

at 1.100 pts
30 day lock rate

Est payment: $2,440.90

Fees in APR: $7,831

Thanks for the inquiry! 

 

Next

30 yr fixed Mortgage Loan from Sebonic Financial

Sebonic Financial

https://www.brimg.net/system/img/inst/8420_logo.gif

300000

Refinance

4.264

4.115

USD

NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671

4.264%

12/13/2018

4.115%

at 1.100 pts
30 day lock rate

Est payment: $1,452.21

Fees in APR: $1,979

Thank you for your inquiry, we will be in touch shortly. 

 

Next

30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA

Citizens Bank, NA

300000

Refinance

4.927

4.875

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Bank of America

Bank of America

300000

Refinance

4.609

4.500

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA

Raymond James Bank, NA

300000

Refinance

4.913

4.875

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from TD Bank, NA

TD Bank, NA

300000

Refinance

4.778

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union

Apple Federal Credit Union

300000

Refinance

4.848

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union

Northwest Federal Credit Union

300000

Refinance

4.818

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union

State Department Federal Credit Union

300000

Refinance

4.683

4.625

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank

LincolnWay Community Bank

300000

Refinance

4.781

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge

Bank of Oak Ridge

300000

Refinance

4.794

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union

Virginia Credit Union

300000

Refinance

4.820

4.750

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA

Fulton Bank, NA

300000

Refinance

4.926

4.875

USD

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

 

 

30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.

Santander Bank, N.A.

300000

Refinance

4.934

4.875

USD

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

 

 

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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.