Higher Mortgage Rates Today: Current 30 Year Refinance Rates at 3.62%

For the second consecutive week mortgage rates moved higher in Freddie Mac's Primary Mortgage Market Survey. Higher bond yields are sending mortgage rates today higher as well. Bond yields which hit an all-time record low of of 1.39 percent on July 24, 2012, are up 8 basis points to 1.72 percent.

Current mortgage rates on 30 year conforming loans averaged 3.59 percent with 0.6 mortgage points for the week ending August 9, 2012, up from an average 30 year mortgage rate of 3.55 percent the prior week.

Today's refinance rates in Bankrate's national average server are even higher averaging 3.62 percent. There are many different home loan lenders on our rate tables advertising 30 year refinance rates as low as 3.25 percent if you're willing to pay points.

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 #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 #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 #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 #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.

Today's mortgage rates on 15 year conforming loans are also higher in this week's mortgage survey. 15 year mortgage rates currently are averaging 2.84 percent with 0.6 mortgage points.

The average conforming 15 year mortgage rate is higher from last week's average of 2.83 percent. There are lenders on our conventional rate tables offering 15 year refinance rates as low as 2.75 percent with points.

Adjustable mortgage rates today were mixed in this week's survey. Average adjustable mortgage rates on 5 year conforming loans are at 2.77 percent with 0.6 points, up from last week's average 5 year adjustable mortgage rate of 2.75 percent. You can find 5 year refi rates as low as 1.88 percent on our refinance rate tables.

Mortgage rates current on 1 year adjustable mortgage loans averaged 2.65 percent with 0.4 points for the week ending August 9, 2012. The average 1 year adjustable mortgage rate is down from last week's average of 2.70 percent. 1 year refinancing rates are available as low as 2.50 percent on our refi rate tables.