Mortgage Rates Continue Downtrend as Fiscal Cliff Talks Go NowhereThe direction in average mortgage rates are beholden to "fiscal cliff" news these days, more so than any other financial news. Average mortgage rates today are lower as fiscal cliff talks move at a snail's pace or stall, depending on your point of view. One thing is for sure, if we fall off the fiscal cliff you can bet current mortgage rates will fall further and make new record lows. Even if an agreement is made we probably will see lower mortgage rates in 2013 since the Fed is buying mortgage backed-securities to the tune of $85 billion a month right now to force rates lower.
Low mortgage interest rates are also finally helping the housing market recover, the most recent positive housing news released by the National Association of Realtors® showed existing home sales up 2.1 percent in October. You can view Lawrence Yun , NAR chief economist discuss October's existing home sales in this video: Lender
APR / Rate
Fees / Points
Payment
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
$3,648
Includes 0.912 points for $3,648
Lender Fees: $0
$3,267 /mo
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,269 /mo
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,496 /mo
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
$3,744
Includes 0.936 points for $3,744
Lender Fees: $0
$2,529 /mo
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
$4,184
Includes 0.714 points for $2,856
Lender Fees: $1,328
$2,562 /mo
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
$4,954
Includes 0.971 points for $3,884
Lender Fees: $1,070
$2,562 /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.
National average 30 year rates are at 3.41 percent and average 30 year rates in Florida are higher than the national average at 3.49 percent. We have lenders quoting 30 year refinance rates below the averages with points and without points. The lowest mortgage quote on our 30 year refinance rate table in the state of Florida is at 2.875 percent with points and the lowest rate without points is at 3.125 percent. Current mortgage rates on 15 year conforming loans are averaging 2.84 percent, a decline from last week's average 15 year mortgage rate of 2.86 percent. 15 year mortgage rates in Texas are averaging 2.89 percent this week, a decline from last week's average rate of 2.91 percent. If you're looking for a loan for a home in Texas you can find 15 year refinance mortgage rates quoted from lenders that are below the national average and average rate in Texas. Right now we have two lenders quoting 15 year refi rates in Texas at 2.25 percent with points. Without points we also have two lenders quoting rates at 2.50 percent. Average 30 year jumbo mortgage rates today are at 4.02 percent, down from last week's average 30 year jumbo mortgage rate of 4.04 percent. In the state of California 30 year jumbo rates are averaging 4.20 percent but we have lenders on our California jumbo refinance rates table offering rates below the average. The lowest 30 year jumbo refinancing rates is at 3.50 percent with points and the lowest jumbo rate without points is at 3.875 percent. 15 year jumbo mortgage interest rates are averaging 3.49 percent, a decline from last week's average 15 year jumbo interest rate of 3.54 percent. Right now average 15 year jumbo rates in New York are also at 3.49 percent and the lowest 15 year rate quoted on our New York rate list is at an incredibly low rate of 3.00 percent with no points. Feel free to search our rate lists for the lowest rates in your state. We have lenders quoting rates for fixed rate mortgages and adjustable rate mortgages. Find the best rates today! Explore Other Mortgage and Refinance Offers
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