Mortgage Rates 4-20: 30 Year Conforming Rates Averaging 4.80%, 30 Year Jumbo Rates Averaging 5.35%

Mortgage rates barely changed today despite the United State's long term rating outlook being lowered to negative by Standard & Poor's. Current 30 year mortgage rates are averaging 4.80% as reported by MonitorBankRates.com. 30 year rates are down from yesterday's average rate of 4.83%.  Average 30 year rates in Arizona are slightly higher than the national average at 4.84%.

Today's 30 year jumbo mortgage rates are averaging 5.35%,up from yesterday's average 30 year jumbo rate of 5.32%. 30 year jumbo mortgage rates today in New York are higher averaging 5.37 percent.

The current spread different between conforming and jumbo rates is only 0.55 percent. During the financial crisis when getting a jumbo mortgage was almost impossible the spread between conforming rates and jumbo rates was as high as 2.00% or 200 basis points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.204%
15-Year Fixed
4.990%
$5,660
Includes 0.915 points for $3,660
Lender Fees: $2,000
$3,162 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.545%
15-Year Fixed
5.375%
$4,448
Includes 0.937 points for $3,748
Lender Fees: $700
$3,242 /mo
Rocket Mortgage
NMLS #3030
5.886%
15-Year Fixed
5.750%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,322 /mo
PenFed Credit Union
NMLS #401822
5.962%
15-Year Fixed
5.750%
$5,500
Includes 0.375 points for $1,500
Lender Fees: $4,000
$3,322 /mo
District Lending
NMLS #1835285
6.013%
30-Year Fixed
5.875%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$2,367 /mo
PenFed Credit Union
NMLS #401822
6.048%
30-Year Fixed
5.875%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$2,367 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.231%
30-Year Fixed
6.125%
$4,544
Includes 0.961 points for $3,844
Lender Fees: $700
$2,431 /mo
Rocket Mortgage
NMLS #3030
6.722%
30-Year Fixed
6.625%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,562 /mo
District Lending
NMLS #1835285
7.011%
5-Year ARM
6.875%
$5,560
Includes 0.890 points for $3,560
Lender Fees: $2,000
$2,628 /mo
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.

15 year conforming rates are lower today and 15 year jumbo rates are higher. Current 15 year rates averaging 4.13%, this rate is down from yesterday's average rate of 4.18 percent. 15 year jumbo rates are currently averaging 4.68%, up from yesterday's average of 4.67%.

 
Author: Robert Till
April 20th, 2011

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