Home Mortgage – Mortgage Interest Rates Under 5.25 Percent

Mortgage interest rates have started heading back down again this week. Home mortgage rates have been hovering in a range of 5.00 percent to 5.50 percent for over a month now. Home mortgage interest rates have been whipsawed by positive and negative economic news almost on a daily basis.

Average mortgage rates have gone down in almost every mortgage product category week over week, with longer term adjustable rate mortgages and interest only mortgage rates having the biggest declines.

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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 #2473786

5.015%

15-Year Fixed

4.875%

$3,723

Includes 0.657 points for $2,628

Lender Fees: $1,095

$3,138 /mo

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NMLS #757416

5.121%

15-Year Fixed

4.990%

$3,472

Includes 0.868 points for $3,472

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.175%

15-Year Fixed

5.000%

$4,628

Includes 0.982 points for $3,928

Lender Fees: $700

$3,164 /mo

Next >

NMLS #2473786

5.340%

5-Year ARM

5.250%

$4,059

Includes 0.741 points for $2,964

Lender Fees: $1,095

$2,209 /mo

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NMLS #1954591

License: 60DBO-113383

5.418%

15-Year Fixed

5.250%

$4,463

Includes 0.839 points for $3,356

Lender Fees: $1,107

$3,216 /mo

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NMLS #2473786

5.838%

30-Year Fixed

5.750%

$3,843

Includes 0.687 points for $2,748

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #2561451

5.872%

30-Year Fixed

5.750%

$5,446

Includes 0.916 points for $3,664

Lender Fees: $1,782

$2,335 /mo

Next >

NMLS #757416

5.936%

30-Year Fixed

5.875%

$2,664

Includes 0.666 points for $2,664

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.959%

30-Year Fixed

5.875%

$3,620

Includes 0.730 points for $2,920

Lender Fees: $700

$2,367 /mo

Next >

NMLS #399799

6.106%

30-Year Fixed

6.000%

$4,703

Includes 0.844 points for $3,376

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.222%

30-Year Fixed

6.125%

$4,183

Includes 0.769 points for $3,076

Lender Fees: $1,107

$2,431 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.357%

5-Year ARM

6.250%

$4,595

Includes 0.872 points for $3,488

Lender Fees: $1,107

$2,463 /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.

Mortgage Interest Rates

Current mortgage rates for a conventional fixed 30-year mortgage is at 5.22 percent today, down from last week's fixed mortgage rate of 5.33 percent. Two weeks ago, the average home mortgage interest rate for a 30-year was just over 5.50 percent at 5.51 percent. The average conforming mortgage rate on a 15-year fixed is at 4.63 percent today, down from the prior week's average rate of 4.75 percent.

Jumbo Mortgage Interest Rates

The average rate for a 30-year jumbo mortgage rose slightly this week to 6.14 percent, up from the prior week's average rate of 6.12 percent. The average 30-year jumbo mortgage rate has also been in a tight range between 6.00 percent and 6.50 percent since May of this year. The average jumbo rate hit a high of 6.64 percent on June 15th.

15-year jumbo fixed mortgage rates are down this week to 5.80 percent, down from the previous week's average jumbo rate of 5.88 percent. The spread between 15-year jumbo mortgage rates and 15-year conforming mortgage rates is still over 1.00 percent, higher than the historical norm.

While the spread between 30-year rates has narrowed to under 1.00 percent. During the credit crisis of last year the spread between conforming rates and jumbo rates was well over 1.00 percent nearing the 2.00 percent range.

Adjustable Mortgage Interest Rates

The average conforming one-year adjustable rate mortgage is at 4.28 percent this week, down from last week's average mortgage rate of 4.34 percent. Jumbo one-year mortgage rates are at 4.82 percent, down from the prior week's average rate of 5.00 percent.

3/1 adjustable mortgage rates have also declined this week. The average rate on a conventional 3/1 ARM is at 4.50 percent this week, down from the previous week's average mortgage interest rate of 4.55 percent. Jumbo 3/1 ARMs are averaging 5.39 percent, down from last week's average interest rate of 5.48 percent.

The average rate on a 5/1 conforming ARM is at 4.35 percent, down from last week's average rate of 4.48 percent. Jumbo 5/1 ARMs are averaging 5.16 percent this week, down from the prior week's average mortgage rate of 5.31 percent.

Conventional 7/1 adjustable rate mortgages are averaging 4.83 percent, down slightly from last week's average mortgage interest rate of 4.86 percent. The average rate on a jumbo 7/1 mortgage is at 5.73 percent this week, down from the prior week's average rate of 5.91 percent.

Jumbo 10/1 adjustable mortgage rates are averaging 6.30 percent this week, a decline from last week's average rate of 6.39 percent. Conforming 10/a ARMs are averaging 5.25 percent this week, up from the prior week's average rate of 5.21 percent.

Home Equity Loans

Home equity loan rates increased slightly this week over last. Home equity loans have been fluctuating in a tight range for a while now, both 10-year home equity loan rates and 15-year home equity loan rates have been around 7.75 percent. Today's rate on a 15-year home equity is at 7.744 percent. Current rates on a 10-year home equity is at 7.619 percent this week.

Home Equity Line

Home equity line of credit rates have been a better deal over home equity loan rates. The average current home equity line of credit rate is still under 5.00 percent at 4.83 percent, a slight uptick from the prior week's average rate of 4.82 percent.

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