Mortgage Rates Today are Mixed After the Election but Just Above Record Lows

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Average mortgage rates today are mixed and just above record lows set back in September 2012. Figuring out with direction mortgage rates are headed the rest of 2012 will be unpredictable because of the bickering going on in Washington regarding the fiscal cliff. Regardless of the outcome, we don't expect mortgage rates to head that much higher from here since the Federal Reserve is still forcing rates lower by buying $85 billion a month in mortgage-backed securities.

Mortgage Rates Today are Mixed After the Election but Just Above Record LowsCurrent mortgage rates on fixed conforming 30 year and 15 year loans are lower this week. Average 30 year mortgage interest rates are at 3.41 percent, down from last week's average 30 year mortgage rate of 3.46 percent. The all-time record low 30 year rate was 3.37 percent set back in September. Before the end of this year we could see average 30 year conventional mortgage rates go as low as 3.25 percent if Congress and the President can't compromise on taxes and the automatic spending cuts.
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 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 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 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 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 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 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 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 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 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
 
 
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
 
 

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.






Depending on the state you live in you can already find lenders offering 30 year conforming refinance rates below the average of 3.46 percent. In fact, we have lenders offering rates below 3.25 percent with points on 30 year loans. Currently on our Massachusetts refinance rates list we have three different lenders offering 30 year conforming refinance rates at 2.875 percent with points. The lowest rate right now without points is at 3.125 percent.

Today's mortgage rates on 15 year conventional loans are averaging 2.83 percent, down from last week's average 15 year mortgage interest rate of 2.84 percent. The all-time record low for 15 year fixed conforming rates was set at 2.73 percent back in September. Before the end of this year we will probably see 15 year rates move below the all-time low and possibly as low as 2.65 percent.

Right now you can find many lenders quoting 15 year mortgage refinance rates well below the average of 2.83 percent. Currently, on our 15 year conventional refinance rates list for Florida we have lenders offering rates as low as 2.25 percent with points. The lowest 15 year refinance rate without points in Florida is at 2.50 percent.

Average 30 year jumbo mortgage rates are slightly higher over last week's average rate. Current mortgage rates today on 30 year jumbo loans are averaging 4.07 percent, an increase from an average 30 year jumbo mortgage rate of 4.03 percent. Before the end of 2012 we believe 30 year jumbo rates will fall back below 4.00 percent.

Right now you can already find lenders offering today's refinance rates on 30 year jumbo loans below 4.00 percent. Checking our California refinance rates list on 30 year jumbo loans we have one lender offering rates as low as 3.50 percent with points. The lowest refinancing rate without points in CA is at 3.875 percent.

Average 15 year jumbo mortgage interest rates are at 3.40 percent, a decline from last week's average 15 year jumbo rate of 3.41 percent. As for the future direction of 15 year jumbo rates we predict that rates will fall to an average rate of 3.25 percent this year. Right now on our New Jersey refinance mortgage rates list there are already lenders offering 15 year refi rates below the average at 2.875 percent with points.

5 year adjustable mortgage rates are averaging 2.96 percent, up from the previous week's average 5 year adjustable rate of 2.89 percent. If you're looking for an adjustable rate loan, we have lenders offering 5 year adjustable refinance rates in Texas as low as 1.75 percent with points. Without points the lowest refi rate is at 2.125 percent.

Average 5 year jumbo adjustable mortgage rates are at 2.93 percent, unchanged from last week's average rate. Right now in the state of Connecticut you can find today's refinance rates on 5 year jumbo home loans as low as 2.25 percent with points and at 2.375 percent without points.
 
Author: Brian McKay
November 12th, 2012