Mortgage Rates Today July 25, 2012: Rates at New Low

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Another day brings another round of record low mortgage rates today. 10 year bond yields hit a record low of 1.40 percent yesterday sending average mortgage rates lower today. Conventional 30 year and 15 year mortgage rates both hit record lows.

Conventional 30 year mortgage rates hit an all-time record low of 3.54 percent, down from the prior day's record low of 3.57 percent. Average 30 year mortgage rates have been under 4.00 percent for the entire year.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 06101, 0, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
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
4.500%
4.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/23/2019
at 0.000 pts
45 day lock rate
Est payment: $1,521
Fees in APR: None
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
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
4.500%
4.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/23/2019
at 0.000 pts
45 day lock rate
Est payment: $1,521
Fees in APR: None
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.750%
3.750%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
08/23/2019
at -0.250 pts
30 day lock rate
Est payment: $1,390
Fees in APR: ($663)
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






Today's mortgage rates on 15 year conventional loans also hit a record low. Average 15 year mortgage rates are at 2.96 percent, down from an average 15 year mortgage rate of 2.99 percent yesterday. Now is a good time to refinance a mortgage since 15 year refinance rates are under 3.00 percent.

Current mortgage rates on 30 year jumbo mortgages averaged 4.21 percent, unchanged from yesterday's average 30 year jumbo mortgage rate. If you're searching for a jumbo loan you can find lenders offering 30 year jumbo mortgage rates just above 4.00 percent on our rate tables.

Mortgage rates today on 15 year jumbo loans are averaging 3.42 percent, an increase from yesterday's average 15 year jumbo mortgage rate of 3.38 percent. 15 year jumbo mortgage interest rates are slightly higher today but you can find lenders offering 15 year jumbo refi rates below the averages.

Refinance rates hit another record low in this week's Mortgage Application Survey released by the Mortgage Bankers Association. This caused the MBA's Refinance Index to increase 2 percent this week and refinance mortgage applications now make up 81 percent of all mortgage applications.
 
Author: Brian McKay
July 25th, 2012