Mortgage Rates Move Slightly Higher

Follow by Email
Facebook
Twitter
LinkedIn
Mortgage Rates Move Slightly HigherMortgage rates moved slightly higher this week but are not much higher from all-time lows. 30-year mortgage rates are currently averaging 3.69 percent, up from the prior week's average 30-year rate of 3.68 percent. If you're looking for a mortgage to purchase a home or refinance an existing loan, you can easily find 30-year mortgage rates below the average of 3.69 percent. For example, right now on our mortgage rate tables there are lenders quoting 30-year mortgage rates at 3.00 percent.

Average Conforming Mortgage rates



    Loan Type
    Purchase    Refinance
    Location
    State/City    Zip Code
    Loan Amt Points FICO % Down
      
    $
    in 23223, All points, 740    Sort by:
    Lender
    APR
    Rate
    Cost & Fees
    Notes
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.750%
    2.750%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at -0.375 pts
    45 day lock rate
    Est payment: $1,225
    Fees in APR: ($1,302)
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.547%
    2.500%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 0.625 pts
    45 day lock rate
    Est payment: $1,186
    Fees in APR: $1,848
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.626%
    2.625%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 0.000 pts
    45 day lock rate
    Est payment: $1,205
    Fees in APR: $30
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
    Quicken Loans NMLS #3030
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
    300000
    Purchase
    3.820%
    3.625%
    USD
    Quicken Loans NMLS #3030 Logo
    NMLS # 3030
    10/28/2020
    at 2.000 pts
    45 day lock rate
    Est payment: $1,369
    Fees in APR: $7,250
    The Better Business Bureau gives Quicken Loans and A+ for customer service.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.434%
    2.250%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 2.500 pts
    45 day lock rate
    Est payment: $1,147
    Fees in APR: $7,419
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
    Rocket Mortgage
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
    300000
    Purchase
    3.314%
    3.125%
    USD
    Rocket Mortgage Logo
    NMLS # 3030
    10/28/2020
    at 2.000 pts
    45 day lock rate
    Est payment: $1,286
    Fees in APR: $7,250
    From the lender: We can close your loan in less than a month!
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.626%
    2.625%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 0.000 pts
    45 day lock rate
    Est payment: $1,205
    Fees in APR: $30
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.750%
    2.750%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at -0.375 pts
    45 day lock rate
    Est payment: $1,225
    Fees in APR: ($1,302)
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.547%
    2.500%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 0.625 pts
    45 day lock rate
    Est payment: $1,186
    Fees in APR: $1,848
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    PERIOD_FIXED_30YEARS Mortgage Loan from Beeline Loans, Inc.
    Beeline Loans, Inc.
    https:https://mortgagerates.icanbuy.com/images/lenderslogos/112472.gif
    300000
    Purchase
    2.505%
    2.375%
    USD
    Beeline Loans, Inc. Logo
    NMLS # 1799947
    10/28/2020
    at 1.750 pts
    45 day lock rate
    Est payment: $1,166
    Fees in APR: $5,175
    Beeline is the shortest possible path to a new home or an effortless refi.
     
    Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.




  • 30-year 3.69%, up 0.01%

  • 15-year 3.19%, up 0.02%

  • 5-year adjustable 3.66%, up 0.04%


Average Jumbo Mortgage Rates



  • 30-year jumbo 3.73%, up 0.03%

  • 15-year jumbo 3.23%, down 0.01%

  • 5-year jumbo adjustable 3.72%, unchanged


Low Mortgage Rates Fueling Home Purchases


These near record low mortgage rates are enticing buyers into the market during the winter, which historically has been a slow time for home purchases. The Mortgage Bankers Association reported mortgage applications for new home purchases increased 35.3 percent compared from a year ago. Compared to December 2019, applications increased by 40 percent.

To get the best deal on a mortgage for a home purchase or refinancing a current loan search for and compare mortgage rates right here at MonitorBankRates.com.
 
Author: Brian McKay
February 20th, 2020