Mortgage Rates Break Through Record Lows: 30 Year Rates at 3.49% Today
mortgage rates today have made new all-time lows in Freddie Mac's Primary Mortgage Market Survey for the week ending July 26, 2012.
Average mortgage rates continued their streak of record breaking new lows this week. Fixed conforming 30 year and 15 year
Concerns about a slowdown in the economies from the U.S. to China sent bond yields to record lows allowing conforming mortgage rates to also set new record lows.
Lender
APR
Rate
Cost & Fees
Notes
Northwest Federal Credit Union
4.545%
2/13/2019
4.500%
at 0.500 pts
45 day lock rate Est payment: $1,520.06
Fees in APR: $79
LincolnWay Community Bank
4.406%
2/19/2019
4.375%
at 0.000 pts
30 day lock rate Est payment: $1,497.86
Fees in APR: $1,085
Santander Bank, N.A.
4.683%
2/19/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $2,004
Bank of Oak Ridge
4.304%
2/14/2019
4.250%
at 0.353 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $853
State Department Federal Credit Union
4.557%
2/18/2019
4.500%
at 0.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $2,000
Raymond James Bank, NA
4.662%
2/19/2019
4.625%
at 0.000 pts
45 day lock rate Est payment: $1,542.42
Fees in APR: $1,299
Bank of America
4.326%
2/13/2019
4.250%
at 0.472 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $1,289
Apple Federal Credit Union
4.596%
2/13/2019
4.500%
at 1.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $352
Fulton Bank, NA
4.686%
2/19/2019
4.625%
at 0.375 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,007
Virginia Credit Union
4.465%
2/19/2019
4.375%
at 0.500 pts
45 day lock rate Est payment: $1,497.86
Fees in APR: $1,650
Citizens Bank, NA
4.665%
2/15/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,408
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. Today's mortgage rates on 30 year conforming loans are now below 3.50 percent, hitting a record low of 3.49 percent with an average of 0.7 mortgage points. Average 30 year mortgage rates are down from last week's record low of 3.55 percent. Current mortgage rates on 15 year conforming loans hit a record low of 2.80 percent with 0.7 points, down from the prior week's record low 15 year mortgage rate of 2.83 percent. 15 year loans have become the loan of choice for homeowners refinancing their loans. Homeowners refinancing are discovering how low 15 year refinance rates are enabling them to afford the monthly carrying costs of a shorter term loan. As a result they are saving tens of thousands or even hundreds of thousands of dollars in mortgage interest over the life of the loan when refinancing from a 30 year loan to a 15 year loan. Although fixed conforming mortgage interest rates have hit new record lows this week 5 adjustable mortgage rates increased. Average 5 year adjustable conforming mortgage rates are at 2.74 percent with 0.6 mortgage points, up from last week's average 5 year adjustable rate of 2.69 percent. 1 year adjustable mortgage rates also increased for the week ending July 26, 2012. Average 1 year adjustable mortgage rates are at 2.71 percent with 0.5 mortgage points, an increase from the previous week's average 1 year adjustable rate of 2.69 percent. |
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