Mortgage Rates Remain Low This Week – Average 30 Year Rates at 3.83%

Follow by Email
Facebook
Google+
Twitter
LinkedIn
30 year conforming mortgage rates remained under 4.00 percent this week and actually dropped week over week. Average 30 year rates are currently at 3.83 percent, a decline from the prior week's average rate of 3.90 percent. It's looking more and more likely that 30 year rates will remain under 4.25 percent for the rest of 2015. Forecasts were for 30 year rates to hit 5.00 percent by the end of the year.

Weekly Mortgage Rate Report September 8, 2015Mortgage rates near record lows is spurring demand for homes heading into the fall. The National Association of Realtors reported that for transactions that closed in July, the homes were typically on the market for 42 days. A year ago homes averaged 48 days on the market. In July of 2015, 43 percent of sold properties spent less than a month on the market. You can read more in the Realtors Confidence Index.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
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
4.356
4.125
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 1.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $5,141
 
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
4.306
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,995
 
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
4.246
3.875
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 2.000 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $7,084
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.493
4.375
USD
Bank of America
4.493%
8/15/2018
4.375%
at 0.946 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from The Fidelity Bank
The Fidelity Bank
300000
Refinance
4.900
4.875
USD
The Fidelity Bank
4.900%
8/17/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $863
 
 
30 yr fixed mtg refi Mortgage Loan from Langley FCU
Langley FCU
300000
Refinance
4.889
4.875
USD
Langley FCU
4.889%
8/17/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $495
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.528
4.500
USD
TD Bank, NA
4.528%
8/17/2018
4.500%
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.790
4.750
USD
Fulton Bank, NA
4.790%
8/14/2018
4.750%
at 0.125 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.687
4.625
USD
Citizens Bank, NA
4.687%
8/17/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.771
4.625
USD
Virginia Credit Union
4.771%
8/14/2018
4.625%
at 1.125 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,650
 
 

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.






Home builders are also ramping up building because of low mortgage rates and tight housing inventory.  According to the Commerce Department, construction spending surged to the highest level in more than seven years in July. Construction spending was up 0.7 percent month over month, reaching a seasonally adjusted annual rate of $1.083 trillion. Read more on the Commerce Department's website: Value of Construction Put in Place

Average/Lowest Mortgage Rate Report September 8, 2015

30 year conforming rates are averaging 3.83 percent, down from last week's average rate of 3.90 percent. Lowest 30 year refinance rates available in the database are at 3.50 percent with points.

Mortgage rates today on 15 year conforming loans are averaging 2.95 percent, a decline from last week's average rate of 2.96 percent. Lowest 15 year refinance rates are at 2.75 percent with points.

5 year adjustable conforming rates are currently at 3.12 percent, down from the prior week's average 5 year adjustable rate of 3.19 percent. The lowest 5 year adjustable refinance rates in the database are at 2.50 percent with points.

Current mortgage rates on 30 year jumbo loans are averaging 4.26 percent, down from last week's average 30 year jumbo rate of 4.27 percent. The lowest 30 year jumbo refinance rates available in the database are at 3.625 percent with points.

15 year jumbo mortgage rates are averaging 3.85 percent, a decline from the previous week's average rate of 3.88 percent. The lowest 15 year jumbo refinance rates available right now are at 2.99 percent with points.

5 year jumbo adjustable mortgage rates are averaging 3.82 percent, down from last week's average rate of 3.84 percent. The best 5 year jumbo refinance rates available today are at 2.625 percent with no points.

You can search and compare mortgage rates in the state you live in by using our database at MonitorBankRates Mortgage Rates

 

 
 
Author: Brian McKay
September 8th, 2015