Mortgage Rates: Current Mortgage Rates Decrease in the Latest Survey
Mortgage Rates: Current Mortgage rates decreased in the latest survey released today.
The average contract rate for a fixed rate 30 year mortgages decreased to 5.34 percent from 5.44 percent. The average points went up to 1.12 points from .99 point. On June 29, 2009, MonitorBankRates.com reported in it's weekly mortgage rate survey that 30 year mortgage rates decreased to 5.47 percent from 5.65 percent according to the Mortgage Bankers Association.
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The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.
4.894%
15-Year Fixed
4.750%
$3,836
Includes 0.959 points for $3,836
Lender Fees: $0
5.260%
15-Year Fixed
5.125%
$3,548
Includes 0.887 points for $3,548
Lender Fees: $0
5.687%
30-Year Fixed
5.625%
$2,744
Includes 0.686 points for $2,744
Lender Fees: $0
5.958%
30-Year Fixed
5.875%
$3,592
Includes 0.898 points for $3,592
Lender Fees: $0
Rate data provided by RateUpdate.com. Displayed by 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.
The average contract rate for a fixed rate 15 year mortgage was down to 4.81 percent, down from 4.93 percent. The average points on a 15 year home mortgage increased to 1.04 points from .92 points. MBR's mortgage rate tables shows today's mortgage rates on 15 year mortgages at 4.88 percent, down from 4.92 percent when we last reported on home mortgage rates.
The Mortgage Bankers Association also reported mortgage applications were down week over week by 18.9 percent and 7.4 percent compared to the same week one year ago. The Mortgage refinance index was down by an even greater percentage rate, their Refinance Index was down 30 percent from the prior week at 1482.2, the lowest level of mortgage refinancing activity since November 2008.
Today's mortgage rates have stabilized since the recent run up in rates the past month. You can find the best mortgage interest rate right here by using MBR's mortgage search engine. All you have to do is select the mortgage loan type you're interested in, enter the zip code and dollar amount of the loan and a list of banks and financial institutions in your area will display today's mortgage rates.
You can find mortgage rates for a home purchase or for refinancing a current home loan. Banks will display 30 year mortgage rates, 15 year mortgage rates, jumbo mortgage rates and adjustable mortgage rates. You can also find home equity line of credit rates (HELOC) and home equity loan rates.
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Mortgage Rates: Current Mortgage rates decreased in the latest survey released today.
