Mortgage Rates Mixed This Week as Debt Deal Talks Stall, House Votes on Plan B

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Average mortgage rates are mixed in this week's Primary Mortgage Market Survey released by Freddie Mac. Negotiations between President Barack Obama and Republican House Speaker John Boehner have been driving bond yields and mortgage rates over the past several weeks.

A debt deal looked to be imminent but talks are breaking down as Obama tells Boeher and House Republicans to take the deal and Boehner responds in a 52 second press conference you can view below. Today Boehner also will submit a plan "B" to a vote in the house of Representatives which calls for higher tax rates on incomes of $1 million or more.
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 Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.125
4.125
USD
Better.com Logo
NMLS # 330511
State Lic # ML-330511
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: None
Thank you for your quote. 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.397
4.375
USD
Savings Bank of Danbury
4.397%
4/19/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.154
4.125
USD
TD Bank, NA
4.154%
4/16/2019
4.125%
at 0.000 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.365
4.250
USD
Bank of America
4.365%
4/15/2019
4.250%
at 0.903 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,351
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
4.575
4.500
USD
First National Bank of Omaha
4.575%
4/19/2019
4.500%
at 0.625 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $752
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.403
4.375
USD
Citizens Bank, NA
4.403%
4/19/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $998
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.155
4.125
USD
The Washington Trust Company
4.155%
4/16/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,083
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.557
4.500
USD
Santander Bank, N.A.
4.557%
4/19/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.155
4.125
USD
LincolnWay Community Bank
4.155%
4/16/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.291
4.250
USD
The Guilford Savings Bank
4.291%
4/19/2019
4.250%
at 0.250 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.169
4.125
USD
Liberty Bank
4.169%
4/19/2019
4.125%
at 0.250 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $814
 
 
30 yr fixed mtg refi Mortgage Loan from UniBank for Savings
UniBank for Savings
300000
Refinance
4.536
4.500
USD
UniBank for Savings
4.536%
4/19/2019
4.500%
at 0.250 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $500
 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.399
4.375
USD
Union Savings Bank
4.399%
4/12/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.276
4.250
USD
United Bank
4.276%
4/16/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $911
 
 

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.






Fixed conforming 30 year mortgage rates averaged 3.37 percent with 0.7 points for the week ending December 20, 2012, up 5 basis points for last week's average 30 year mortgage rate of 3.32 percent. Fixed 30 year mortgage interest rates are just above record lows of 3.31 percent set the week of November 21, 2012. Mortgage rates today on 30 year conforming loans are averaging 3.44 percent.

Although average 30 year rates are at 3.37 percent you can find many lenders quoting 30 year rates below the average. The lowest 30 year refinance rates right now on our rate tables are below 3.00 percent. Right now on our 30 year rates list for California we have two lenders quoting rates at 2.875 percent with 2 mortgage points and one lender quoting rates at 2.99 percent with 2 points. The lowest 30 year refinance rates quoted without points on our list for CA are at 3.00 percent.

Fixed conventional 15 year mortgage rates averaged 2.65 percent with 0.7 mortgage points in Freddie Mac's survey this week, down from the previous week's average 15 year rate of 2.66 percent. Current mortgage rates on 15 year conventional home loans are averaging 2.84 percent but you can find lenders quoting 15 year refinance mortgage rates below the averages.

Currently, on our refinance rate list for the state of Texas we have many lenders quoting rates well below the averages with and without points. The lowest 15 year conforming refinance rate on our TX list are at 2.25 percent with 1.39 mortgage points. The lowest 15 year refinancing rate without points in TX are listed at 2.50 percent.

Average 5 year adjustable mortgage rates in Freddie's survey this week are at 2.71 percent with 0.7 mortgage points, up 1 basis point from last week's average 5 year adjustable rate of 2.70 percent. Today's mortgage rates on 5 year adjustable loans are averaging 2.78 percent but there are many lenders quoting rates considerably below these averages.

5 year adjustable refinance rates today in Florida can be found as low as 1.75 percent with 2 mortgage points. The lowest 5 year adjustable refi rates without points on our FL rate list are at 2.375 percent. On our rate list for the state of Georgia we also have lenders quoting 5 year adjustable rates at 1.75 percent with 2 points and at 2.375 percent with no points.

Average 1 year adjustable mortgage rates averaged 2.52 percent with 0.4 mortgage points for the week that ended on December 20, 2012, down from the prior week's average of 2.53 percent. Below is the clip of Boehner's press conference:

 
Author: Brian McKay
December 20th, 2012