Mortgage Rates Slightly Higher This Week as Housing Forecasts are Revised Higher

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Mortgage rates moved slightly higher this week but will decline later this week because of lower bond yields. Despite the increase in rates, average mortgage rates are still near all-time record lows. Near record low mortgage rates, combined with 5 million jobs created over the past two years, and an unemployment rate nearing 5 percent will help the housing market in 2015.

30 year conventional mortgage rates today are averaging 3.90 percent, up slightly from last week's average 30 year rate of 3.88 percent. Average 30 year rates are only about 50 basis points from the all-time record lows set in May 2013.
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 Garden State Home Loans
Garden State Home Loans
https://www.brimg.net/system/img/inst/7950_logo.gif
300000
Refinance
3.720
3.624
USD
Garden State Home Loans Logo
NMLS # 473163
State Lic # ML-473163
(877) 387 - 9107
at 0.100 pts
30 day lock rate
Est payment: $1,367.99
Fees in APR: $3,210
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Garden State Home Loans
Garden State Home Loans
https://www.brimg.net/system/img/inst/7950_logo.gif
300000
Refinance
3.874
3.874
USD
Garden State Home Loans Logo
NMLS # 473163
State Lic # ML-473163
(877) 387 - 9107
at 0.000 pts
30 day lock rate
Est payment: $1,410.54
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.000
4.000
USD
Better.com Logo
NMLS # 330511
State Lic # ML-330511
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: None
Thank you for your quote. 
 
30 yr fixed Mortgage Loan from Garden State Home Loans
Garden State Home Loans
https://www.brimg.net/system/img/inst/7950_logo.gif
300000
Refinance
9.490
9.125
USD
Garden State Home Loans Logo
NMLS # 473163
State Lic # ML-473163
(877) 387 - 9107
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $6,153
Thanks for the inquiry! 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.274
4.250
USD
Union Savings Bank
4.274%
5/24/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.306
4.250
USD
Santander Bank, N.A.
4.306%
5/23/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.030
4.000
USD
The Washington Trust Company
4.030%
5/21/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,083
 
 
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%
5/24/2019
4.500%
at 0.250 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $501
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.169
4.125
USD
Liberty Bank
4.169%
5/24/2019
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 Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.405
4.375
USD
Citizens Bank, NA
4.405%
5/17/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,056
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
4.783
4.750
USD
First National Bank of Omaha
4.783%
5/24/2019
4.750%
at 0.125 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $752
 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.147
4.125
USD
Savings Bank of Danbury
4.147%
5/24/2019
4.125%
at 0.000 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.029
4.000
USD
TD Bank, NA
4.029%
5/21/2019
4.000%
at 0.000 pts
45 day lock rate
Est payment: $1,432.25
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.149
4.125
USD
United Bank
4.149%
5/21/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $865
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.030
4.000
USD
LincolnWay Community Bank
4.030%
5/21/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.041
4.000
USD
The Guilford Savings Bank
4.041%
5/24/2019
4.000%
at 0.250 pts
60 day lock rate
Est payment: $1,432.25
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.087
4.000
USD
Bank of America
4.087%
5/24/2019
4.000%
at 0.590 pts
60 day lock rate
Est payment: $1,432.25
Fees in APR: $1,351
 
 

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.






Mortgage Rates Today May 26 2015Economists with Freddie Mac and Fannie Mae, have revised their outlook higher for housing this year. Home sales and home prices are expected to increase in the final 6 months of 2015. 30 year mortgage rates are forecast to remain near current levels and also remain under 4.00 percent in 2015. You can view all Fannie Mae forecasts: Fannie Mae's Housing Forecast for May 2015

Current mortgage rates on 15 year conventional loans are averaging 3.06 percent, up from last week's average 15 year mortgage rate of 3.03 percent. Average 15 year rates are slightly above 3.00 percent but there are many lenders quoting 15 year refinance rates below 3.00 percent in our rate database. The lowest current rate in our database for California is at 2.75 percent with 1.10 mortgage points from Lenda (NMLS # 991397, State Lic # 01926580).

May 26 2015 Weekly Mortgage Rates Report5 year adjustable mortgage rates on conventional loans are averaging 3.05 percent, unchanged from last week's average adjustable rate. The lowest 5 year adjustable rates available in our database for all states are much lower. For example, the lowest 5 year rate in Ohio is at 2.40 percent with 1 point from Third Federal (NMLS # 449401).

30 year jumbo mortgage rates are currently averaging 4.27 percent, up from the prior week's average 30 year jumbo rate of 4.21 percent. The best 30 year jumbo refinance rates in our database of lenders for Connecticut are below 4.00 percent. The lowest rate currently available is at 3.75 percent with 0.95 points from First Internet Bank (NMLS # 424182).

Today's mortgage rates on 15 year jumbo mortgage loans are averaging 3.82 percent, up from the previous week's average 15 year rate of 3.79 percent. The lowest 15 year jumbo refinance rates in our rate database for New York is at 3.25 percent with 0.25 points from Investors Home Mortgage (NMLS # 60061).

5 year jumbo adjustable mortgage rates are averaging 3.42 percent, an increase from the previous week's average rate of 3.38 percent. The best jumbo 5 year adjustable refinance rates in the database are under 3.00 percent. In the rate database for Georgia, the lowest rate is from Third Federal at 2.75 percent with zero mortgage points.
 
Author: Brian McKay
May 26th, 2015