Mortgage Rates Fall – Average 30 Year Mortgage Rates Today at 3.74 Percent

Mortgage rates are lower this week, continuing the downtrend for 2015. Average 30 year conforming mortgage rates today are at 3.74 percent, a decline from last week's average of 3.84 percent. Mortgage rates were predicted to move higher in 2015, following 10 year U.S. Treasury yields higher, but just the opposite has happened.

In early March, 10 year bond yields hit a high of 2.25 percent and were set to move even higher on strong economic growth. Since that time, 10 year yields have fallen 40 basis points, to Friday's close of 1.83 percent. The fall in yields accelerated on Friday when a disappointing jobs number for March was released.

Mortgage Rates Fall - Average 30 Year Mortgage Rates Today at 3.74 PercentMortgage rates also declined since early March, but not as much as 10 year bond yields. At the beginning of March, average 30 year rates were at 3.94 percent, only 20 basis points higher than the current average rate. The down pressure on bond yields and rates will continue into April if any more weak economic news is released.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Tomo Mortgage, LLC.
NMLS #2059741
5.606%
15-Year Fixed
5.490%
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
Bison State Bank
NMLS #757416
5.630%
15-Year Fixed
5.490%
$3,648
Includes 0.912 points for $3,648
Lender Fees: $0
$3,267 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.650%
15-Year Fixed
5.490%
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
Different Mortgage
NMLS #324599
License: 324599
5.673%
15-Year Fixed
5.500%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,269 /mo
Different Mortgage
NMLS #324599
License: 324599
6.494%
30-Year Fixed
6.375%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,496 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.569%
30-Year Fixed
6.490%
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
Bison State Bank
NMLS #757416
6.590%
30-Year Fixed
6.500%
$3,744
Includes 0.936 points for $3,744
Lender Fees: $0
$2,529 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.600%
30-Year Fixed
6.490%
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.722%
30-Year Fixed
6.625%
$4,184
Includes 0.714 points for $2,856
Lender Fees: $1,328
$2,562 /mo
PenFed Credit Union
NMLS #401822
6.734%
30-Year Fixed
6.625%
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
Different Mortgage
NMLS #324599
License: 324599
6.743%
5-Year ARM
6.625%
$4,954
Includes 0.971 points for $3,884
Lender Fees: $1,070
$2,562 /mo
PenFed Credit Union
NMLS #401822
7.698%
15-Year Fixed
7.375%
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,680 /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.

We could possibly see average 30 year mortgage rates fall below the all‑time record low of 3.35 percent set in May 2013. Right now on our rate table, you can find some lenders quoting 30 year refinance rates with points just below 3.50 percent.

Current mortgage rates on 15 year conforming loans are averaging 2.94 percent, a decline from the prior week's average rate of 3.06 percent. The last time average 15 year rates were below 3.00 percent was back in early February when rates fell to 2.98 percent.

If you're willing to pay points on a loan, you can find lenders quoting rates below the average rate. The best 15 year refinance rates available on the rate table are just below the average rate at 2.75 percent with 0.50 points. The best refi rate without points on the table is at 2.875 percent, slightly below the current average rate.

Average Mortgage Rates Today April 6 201530 year jumbo mortgage rates today are averaging 3.93 percent, down from the previous week's average jumbo rate of 4.10 percent. The lowest 30 year jumbo refinancing rates right now are much lower at 3.625 percent with 1.25 mortgage points. The lowest 30 year jumbo rate without points is still below the average at 3.75 percent.

Today's mortgage rates on 15 year jumbo loans are averaging 3.52 percent, down sharply from last week's rate of 4.07 percent. The lowest 15 year jumbo refi rates on our rate table are also much lower at 2.75 percent with 1.125 points. The lowest rate without points is at 2.99 percent.

Average 5 year conforming adjustable rates are at 3.03 percent, down from last week's average rate of 3.14 percent. The lowest 5 year ARMS available on the rate table are at 2.375 percent with 1.5 points and at 2.625 percent with zero points.

 
Author: Brian McKay
April 7th, 2015

Explore Other Mortgage and Refinance Offers