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Mortgage Rates Remain Low – Average 15 Year Rates at 2.87%

Average mortgage rates were slightly higher this week but rates are still low and are likely to remain low for the rest of the year. 15 year mortgage rates are unchanged this week, averaging 2.87 percent. These rates are the average rates - you can easily find lenders quoting rates below the averages. Search for lender's rates in your state by using our database of lenders at MonitorBankRates.com/Mortgages.

Jumbo mortgage rates were also higher this week but still low, historically speaking. 30 year jumbo mortgage rates are averaging 4.19 percent, up from last week's average jumbo rate of 3.14 percent. 15 year jumbo mortgage rates are averaging 3.81 percent, an increase from the prior week's average of 3.77 percent.

Listed below is a sample of the best lender's rates in our database listed by state.

California Conforming Mortgage Rates

  • Sebonic Financial 30 Year Refinance Rate 3.375% with 2 points
  • Sebonic Financial 30 Year Refinance Rate 3.625% with no points
  • Sebonic Financial 15 Year Refinance Rate 2.50% with 2 points
  • LenderFi 15 Year Refinance Rate 2.75% with 0.10 points
  • Xceed Financial Credit Union 2.75% with 0.10 points

Texas Conforming Rates

  • Sebonic Financial 30 Year Refinance Rate 3.375% with 2 points
  • Sebonic Financial 30 Year Refinance Rate 3.625% with no points
  • Sebonic Financial 15 Year Refinance Rate 2.50% with 2 points
  • LenderFi 15 Year Refinance Rate 2.75% with 0.10 points

Florida Conforming Rates

  • Sebonic Financial 30 Year Refinance Rate 3.375% with 2 points
  • erates mortgage 30 Year Refinance Rate 3.50% with 2 points
  • Sebonic Financial 30 Year Refinance Rate 3.625% with no points
  • Sebonic Financial 15 Year Refinance Rate 2.50% with 2 points
  • Sebonic Financial 15 Year Refinance Rate 2.875% with no points

New York Conforming Rates

  • Sebonic Financial 30 Year Refinance Rate 3.375% with 2 points
  • Sebonic Financial 30 Year Refinance Rate 3.625% with no points
  • Sebonic Financial 15 Year Refinance Rate 2.50% with 2 points
  • Teachers Federal Credit Union 15 Year Refinance Rates 2.75% with no points

Sebonic Financial is offering the lowest rates in all four states listed above. Unlike many other sites, you will not need to provide any personal financial information when you search for a list rates in your state. Because lenders change rates daily, check here for the latest rates.







 
Author: Brian McKay
October 14th, 2015