Mortgage Rates Today: Lowest 15 Year Conforming Rates at 2.75 Percent

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Even with the increase in interest rates since this summer, mortgage rates today are still very low, historically speaking. Rates are still low right now but will be moving higher in 2014 so if you're thinking about buying a home you should lock in a rate today. Likewise, if you have been thinking about refinancing now is the time before rates move higher.

Home prices have been rising across the United States and if your home's value has increased you might have enough equity to refinance. If you have tried refinancing in the past but couldn't because you didn't have enough equity, you should look into it again. There is also a government program called Home Affordable Refinance Program (HARP) available to help you refinance. Visit this Federal Government website to see if you qualify for a HARP refinance: HARP
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 95816, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.259
4.125
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
State Lic # 01525044
(844) 365 - 0454
at 0.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $4,459
 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
3.713
3.625
USD
Agora Lending Logo
NMLS # 1121650
State Lic # 6054815
(877) 387 - 3530
at 0.100 pts
30 day lock rate
Est payment: $1,368.15
Fees in APR: $2,947
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.525
4.500
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
State Lic # 01525044
(844) 365 - 0454
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $889
 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
3.783
3.750
USD
Agora Lending Logo
NMLS # 1121650
State Lic # 6054815
(877) 387 - 3530
at 0.000 pts
30 day lock rate
Est payment: $1,389.35
Fees in APR: $1,219
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Better Mortgage Inc
Better Mortgage Inc
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
3.894
3.875
USD
Better Mortgage Inc Logo
NMLS # 330511
State Lic # 6052748
at 0.000 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $700
Thank you for your quote. 
 
30 yr fixed Mortgage Loan from NationsChoice Mortgage
NationsChoice Mortgage
https://www.brimg.net/system/img/inst/8111_logo.gif
300000
Refinance
4.167
4.125
USD
NationsChoice Mortgage Logo
NMLS # 164626
State Lic # 4130556
(877) 388 - 3956
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,495
 
 
30 yr fixed Mortgage Loan from Better Mortgage Inc
Better Mortgage Inc
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
3.689
3.500
USD
Better Mortgage Inc Logo
NMLS # 330511
State Lic # 6052748
at 1.100 pts
30 day lock rate
Est payment: $1,347.13
Fees in APR: $3,643
Thank you for your quote. 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.078
3.875
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
State Lic # 01525044
(844) 365 - 0454
at 1.100 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $3,976
 
 
30 yr fixed mtg refi Mortgage Loan from First Tech Credit Union
First Tech Credit Union
300000
Refinance
4.275
4.250
USD
First Tech Credit Union
4.275%
3/20/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $898
 
 
30 yr fixed mtg refi Mortgage Loan from Schools First FCU
Schools First FCU
300000
Refinance
4.278
4.250
USD
Schools First FCU
4.278%
3/25/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $995
 
 
30 yr fixed mtg refi Mortgage Loan from Union Bank
Union Bank
300000
Refinance
4.522
4.500
USD
Union Bank
4.522%
3/20/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $771
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of the West
Bank of the West
300000
Refinance
4.419
4.375
USD
Bank of the West
4.419%
3/26/2019
4.375%
at 0.250 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $793
 
 
30 yr fixed mtg refi Mortgage Loan from San Diego County Credit Union
San Diego County Credit Union
300000
Refinance
4.304
4.250
USD
San Diego County Credit Union
4.304%
3/20/2019
4.250%
at 0.500 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $434
 
 
30 yr fixed mtg refi Mortgage Loan from Star One Credit Union
Star One Credit Union
300000
Refinance
3.878
3.875
USD
Star One Credit Union
3.878%
3/25/2019
3.875%
at 0.000 pts
45 day lock rate
Est payment: $1,410.71
Fees in APR: $105
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.280
4.250
USD
LincolnWay Community Bank
4.280%
3/19/2019
4.250%
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.412
4.375
USD
Raymond James Bank, NA
4.412%
3/26/2019
4.375%
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $1,299
 
 

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.





Current Conforming Mortgage Rates


Current mortgage rates on 15 year conforming mortgages are averaging 3.42 percent but the lowest rates available are much lower than the average. There are many mortgage lenders currently offering 15 year conforming mortgages with rates as low as 2.75 percent if you're willing to pay points.

A 2.75 percent 15 year rate is only 0.50 percent higher than the lowest rate ever offered in our database. The lowest 15 year rate without points is still below the average at 3.125 percent. Historically speaking, 30 year conforming mortgage rates are also low. The current average 30 year mortgage rate is at 4.38 percent but the lowest 30 year rates are much better.

The lowest 30 year refinance rates right now in our database are at 3.75 percent with points, more than 0.50 percent below the average rate. The lowest 30 year rate without points right now is at 4.125 percent, still below the average rate.

Jumbo Mortgage Rates Today


As with conforming rates, jumbo mortgage rates are also just above record lows. In fact, the spread difference between conforming loans and jumbo loans is very narrow these days and at many times, average 30 year jumbo rates are lower than average 30 year conforming rates.

30 year jumbo mortgage rates today are averaging 4.44 percent but the lowest jumbo refinance rates are lower. Right now, the best 30 year jumbo refi rates in our database are at 4.00 percent. The lowest 30 year jumbo rates without points right now are also below the average at 4.125 percent.

Average 15 year jumbo mortgage rates are currently at 3.72 percent, higher than last week's average rate of 3.69 percent. The lowest 15 year jumbo rate available in our database is much lower at 3.25 percent with points. The best 15 jumbo rate without points is also below the average at 3.50 percent.

5 Adjustable Mortgage Rates


Today's mortgage rates on 5 year conforming adjustable mortgages are averaging 3.58 percent, up from the previous week's average 5 year adjustable rate of 3.53 percent. The best 5 year adjustable refinance rates quoted by lenders in our database are almost 1.50 percent lower.

The lowest 5 year refi rate with points in our database is at 2.125 percent with 1.647 points. The lowest 5 year rate without points is at 2.49 percent, still more than 1.00 percent lower than the average.

Jumbo adjustable rates on 5 year mortgages are averaging 2.82 percent, up from last week's average jumbo rate of 2.79 percent. The lowest jumbo 5 year rate in our database is at 2.25 percent and the lowest rate with no points is at 2.625 percent.
 
Author: Brian McKay
December 3rd, 2013