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 06101, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.329
4.250
USD
First Internet Bank Logo
NMLS # 424182
(844) 365 - 0483
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,506
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
4.698
4.625
USD
Valley National Bank Logo
NMLS # 411254
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,219
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.283
4.250
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $863
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.739
4.625
USD
Ally Bank Logo
NMLS # 181005
(877) 252 - 6146
at 0.100 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $3,651
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from American Federal Mortgage Corporation
American Federal Mortgage Corporation
https://www.brimg.net/system/img/inst/10317_logo.gif
300000
Refinance
4.287
4.250
USD
American Federal Mortgage Corporation Logo
NMLS # 2756
State Lic # 2612
(877) 279 - 0314
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,015
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
4.328
4.250
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 365 - 2711
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,477
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.311
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 0.100 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $2,234
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
4.342
4.250
USD
CIT Bank Logo
NMLS # 541760
(877) 366 - 5354
at 0.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $2,970
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.410
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(844) 365 - 0630
at 1.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,638
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.532
4.375
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,499
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.698
4.625
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,241
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.320
4.250
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,195
 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
4.750
4.750
USD
Valley National Bank Logo
NMLS # 411254
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.375
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.625
4.625
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # 2925
(877) 388 - 2695
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.786
4.750
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,229
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.890
4.875
USD
Ally Bank Logo
NMLS # 181005
(877) 252 - 6146
at 0.000 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $522
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
4.392
4.365
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 0.000 pts
30 day lock rate
Est payment: $1,496.09
Fees in APR: $956
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.394
4.375
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(844) 365 - 0630
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $675
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.500
4.500
USD
First Internet Bank Logo
NMLS # 424182
(844) 365 - 0483
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
Thank you for your 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
4.500
4.500
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 365 - 2711
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.500
4.500
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.625
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from American Federal Mortgage Corporation
American Federal Mortgage Corporation
https://www.brimg.net/system/img/inst/10317_logo.gif
300000
Refinance
4.375
4.375
USD
American Federal Mortgage Corporation Logo
NMLS # 2756
State Lic # 2612
(877) 279 - 0314
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Better Mortgage Inc
Better Mortgage Inc
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.297
4.250
USD
Better Mortgage Inc Logo
NMLS # 330511
State Lic # ML-330511
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,657
Thank you for your quote. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.517
4.375
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,676
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.178
3.990
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 1.100 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $3,410
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.281
4.125
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 1.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,238
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
9.491
9.125
USD
CIT Bank Logo
NMLS # 541760
(877) 366 - 5354
at 1.100 pts
45 day lock rate
Est payment: $2,440.90
Fees in APR: $6,177
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
9.644
9.125
USD
Valley National Bank Logo
NMLS # 411254
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $10,000
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from American Federal Mortgage Corporation
American Federal Mortgage Corporation
https://www.brimg.net/system/img/inst/10317_logo.gif
300000
Refinance
4.167
4.000
USD
American Federal Mortgage Corporation Logo
NMLS # 2756
State Lic # 2612
(877) 279 - 0314
at 1.100 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $2,673
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.193
4.000
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 1.100 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $3,563
 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.900
4.875
USD
Union Savings Bank
4.900%
12/14/2018
4.875%
at 0.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.655
4.625
USD
TD Bank, NA
4.655%
12/18/2018
4.625%
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.670
4.625
USD
Liberty Bank
4.670%
12/14/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $814
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.915
4.875
USD
Citizens Bank, NA
4.915%
12/14/2018
4.875%
at 0.125 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $998
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.829
4.750
USD
Bank of America
4.829%
12/17/2018
4.750%
at 0.460 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,351
 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.773
4.750
USD
Savings Bank of Danbury
4.773%
12/14/2018
4.750%
at 0.000 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from UniBank for Savings
UniBank for Savings
300000
Refinance
5.162
5.125
USD
UniBank for Savings
5.162%
12/14/2018
5.125%
at 0.250 pts
60 day lock rate
Est payment: $1,633.46
Fees in APR: $500
 
 
30 yr fixed mtg refi Mortgage Loan from The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.667
4.625
USD
The Guilford Savings Bank
4.667%
12/14/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.934
4.875
USD
Santander Bank, N.A.
4.934%
12/18/2018
4.875%
at 0.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.651
4.625
USD
United Bank
4.651%
12/18/2018
4.625%
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $911
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.656
4.625
USD
LincolnWay Community Bank
4.656%
12/18/2018
4.625%
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.781
4.750
USD
The Washington Trust Company
4.781%
12/18/2018
4.750%
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,083
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
5.066
5.000
USD
First National Bank of Omaha
5.066%
12/13/2018
5.000%
at 0.500 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $752
 
 

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