Mortgage Rates Continue Downtrend as Fiscal Cliff Talks Go Nowhere

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The 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.

Today's mortgage rates on 30 year fixed conforming loans are averaging 3.41 percent, a decline from last week's average 30 year mortgage rate of 3.45 percent. Record low mortgage refinance rates thanks to the Fed's polices have created a boom in loan refinance demand as millions of homeowners have refinanced their loan to a lower rate.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.690
4.625
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,950
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.970
4.875
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.100 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $2,953
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.597
4.470
USD
Sol Mortgage Logo
NMLS # 53112
at 0.100 pts
30 day lock rate
Est payment: $1,514.71
Fees in APR: $4,128
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HSBC Bank
HSBC Bank
https://www.brimg.net/system/img/inst/10500_logo.gif
300000
Refinance
5.259
5.125
USD
HSBC Bank Logo
NMLS # 399799
at 0.100 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $4,204
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.706
4.625
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,502
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.597
4.490
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.100 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $3,425
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.800
4.700
USD
CIT Bank Logo
NMLS # 541760
at 0.100 pts
45 day lock rate
Est payment: $1,555.91
Fees in APR: $3,150
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.884
4.750
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,581
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.959
4.875
USD
Flagstar Bank Logo
NMLS # 417490
at 0.100 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $2,575
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from McGlone Mortgage Group
McGlone Mortgage Group
https://www.brimg.net/system/img/inst/2125_logo.gif
300000
Refinance
4.770
4.750
USD
McGlone Mortgage Group Logo
NMLS # 3232
State Lic # MC-1532
(877) 475-4039
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $676
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.875
4.875
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.875
4.875
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
5.149
5.125
USD
Flagstar Bank Logo
NMLS # 417490
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $827
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Commonwealth Mortgage, LLC
Commonwealth Mortgage, LLC
https://www.brimg.net/system/img/inst/5071_logo.gif
300000
Refinance
4.695
4.695
USD
Commonwealth Mortgage, LLC Logo
NMLS # 1023
State Lic # MC-5814
(877) 330-6018
at 0.000 pts
30 day lock rate
Est payment: $1,555.01
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.713
4.710
USD
Sol Mortgage Logo
NMLS # 53112
at 0.000 pts
30 day lock rate
Est payment: $1,557.72
Fees in APR: $107
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HSBC Bank
HSBC Bank
https://www.brimg.net/system/img/inst/10500_logo.gif
300000
Refinance
5.375
5.375
USD
HSBC Bank Logo
NMLS # 399799
at 0.000 pts
30 day lock rate
Est payment: $1,679.91
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Republic Bank
Republic Bank
https://www.brimg.net/system/img/inst/2248_logo.gif
300000
Refinance
4.757
4.750
USD
Republic Bank Logo
NMLS # 402606
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $233
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.875
4.875
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
5.125
5.125
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from LoanLock
LoanLock
https://www.brimg.net/system/img/inst/9948_logo.gif
300000
Refinance
4.750
4.750
USD
LoanLock Logo
NMLS # 237507
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.747
4.740
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.000 pts
30 day lock rate
Est payment: $1,563.13
Fees in APR: $248
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.806
4.625
USD
Flagstar Bank Logo
NMLS # 417490
at 1.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,931
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from HSBC Bank
HSBC Bank
https://www.brimg.net/system/img/inst/10500_logo.gif
300000
Refinance
5.121
4.875
USD
HSBC Bank Logo
NMLS # 399799
at 1.100 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $4,983
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.629
4.500
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 1.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,200
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.686
4.500
USD
CIT Bank Logo
NMLS # 541760
at 1.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $3,140
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.578
4.460
USD
Sol Mortgage Logo
NMLS # 53112
at 1.100 pts
30 day lock rate
Est payment: $1,512.93
Fees in APR: $804
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.535
4.365
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 1.100 pts
30 day lock rate
Est payment: $1,496.09
Fees in APR: $2,648
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
5.046
5.000
USD
Northwest Federal Credit Union
5.046%
10/18/2018
5.000%
at 0.500 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
5.064
5.000
USD
Citizens Bank, NA
5.064%
10/19/2018
5.000%
at 0.250 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
5.085
5.000
USD
Fulton Bank, NA
5.085%
10/16/2018
5.000%
at 0.625 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
5.099
5.000
USD
Apple Federal Credit Union
5.099%
10/17/2018
5.000%
at 1.000 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.811
4.750
USD
TD Bank, NA
4.811%
10/19/2018
4.750%
at 0.375 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.865
4.750
USD
Bank of America
4.865%
10/17/2018
4.750%
at 0.881 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
5.184
5.125
USD
Santander Bank, N.A.
5.184%
10/22/2018
5.125%
at 0.000 pts
60 day lock rate
Est payment: $1,633.46
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.683
4.625
USD
State Department Federal Credit Union
4.683%
10/22/2018
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
5.049
5.000
USD
Virginia Credit Union
5.049%
10/16/2018
5.000%
at 0.000 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.907
4.875
USD
LincolnWay Community Bank
4.907%
10/16/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
5.048
4.990
USD
Bank of Oak Ridge
5.048%
10/18/2018
4.990%
at 0.375 pts
60 day lock rate
Est payment: $1,608.63
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
5.163
5.125
USD
Raymond James Bank, NA
5.163%
10/16/2018
5.125%
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: $1,299
 
 

Mortage Data Provided by Bankrate.com Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

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.






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:



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!
 
Author: Brian McKay
December 3rd, 2012