Just When You Thought it Was Safe to Refinance: Mortgage Rates Today Hit Record Low

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Its pretty amazing how low current mortgage rates are these days. In the beginning of 2012 when average 30 year mortgage rates broke through 4.00 percent I decided to pull the trigger and refinance my mortgage loan. Now 30 year mortgage rates today are averaging 3.59 and will probably break through 3.50 percent in the coming weeks.

Today's mortgage rates on 30 year home loans at 3.59 percent are a new all-time record low in our average mortgage rates survey. If you're thinking about refinancing or buying a home you can find lender's offering 30 year rates below the average of 3.59 percent.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 95816, All points, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.567%
3.375%
USD
Rocket Mortgage Logo
NMLS # 3030
06/01/2020
at 2.000 pts
45 day lock rate
Est payment: $1,327
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.693%
3.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
06/01/2020
at 2.000 pts
45 day lock rate
Est payment: $1,348
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.739%
3.625%
USD
Rocket Mortgage Logo
NMLS # 3030
06/01/2020
at 1.000 pts
45 day lock rate
Est payment: $1,369
Fees in APR: $4,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.107%
3.990%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
06/01/2020
at 1.000 pts
45 day lock rate
Est payment: $1,431
Fees in APR: $4,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Figure Lending LLC
Figure Lending LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112490.gif
300000
Purchase
2.777%
2.625%
USD
Figure Lending LLC Logo
NMLS # 1717824
06/01/2020
at 0.000 pts
60 day lock rate
Est payment: $1,205
Fees in APR: $6,000
Put your money where you need it sooner.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Figure Lending LLC
Figure Lending LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112490.gif
300000
Purchase
2.709%
2.500%
USD
Figure Lending LLC Logo
NMLS # 1717824
06/01/2020
at 0.750 pts
60 day lock rate
Est payment: $1,186
Fees in APR: $8,307
Put your money where you need it sooner.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.025%
3.990%
USD
Rocket Mortgage Logo
NMLS # 3030
06/01/2020
at 0.000 pts
45 day lock rate
Est payment: $1,431
Fees in APR: $1,250
From the lender: We can close your loan in less than a month!
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






Average 15 year conforming mortgage rates current are at 3.00 percent, down from an average 15 year mortgage rate of 3.01 percent. While average 15 year mortgage rates didn't hit a record low today rates are very near and all-time low of 2.97 percent.

As with 30 year rates you can find lenders offering 15 year mortgage rates below the average of 3.00 percent. Right now on our 15 year rate tables there are many lenders in each state offering 15 year refinance rates and mortgage rates below the averages. You can search and compare rates yourself without providing any personal information to see a list of rates.

Average 30 year jumbo mortgage interest rates today are at 4.21 percent, a decline from yesterday's average 30 year jumbo mortgage rate of 4.24 percent. Jumbo rates on 30 year loans are not at record lows but there are lenders offering rates below the averages.

Right now on our jumbo 30 year rate table for Connecticut, Citi and Emery Federal Credit Union are both offering 30 year jumbo rates below the averages. Investors Home Mortgage is also offering 30 year jumbo rates below the averages in CT.

15 year jumbo mortgage rates are averaging 3.41 percent, a record low for 15 year jumbo mortgage interest rates, down from yesterday's average 15 year jumbo rate of 3.45 percent.

5 year conforming adjustable refinance mortgage rates are at an all-time low averaging 2.76 percent, down from an average 5 year rate of 2.79 percent yesterday. Average 5 year jumbo adjustable rates are averaging 2.85 percent, unchanged from yesterday's average rate.

You can search for and compare mortgage rates or refinance rates in your state by using our rate tables below. Again, no personal information is needed to display a list of rates, not even an email address.
 
Author: Robert Till
July 22nd, 2012