Mortgage Rates Today Move Higher on Talk of Fed Rate Hike

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30 year mortgage rates today increased to 3.43 percent, up from yesterday's average 30 year rate of 3.39 percent. Mortgage rates have been on a slight uptick since the Fed wrapped up their meeting in September. The Fed didn't increase the fed funds rate but set the stage for one rate hike in 2016. The hike is most likely to happen in the Fed's scheduled December meeting.

Mortgage rates are indirectly tied to the fed funds rate. When the fed funds rate moves higher, bond yields move higher, and most lenders set mortgage rates based on 10 year bond yields. When bond yields move higher, lenders increase their lending rates.

Although 30 year mortgage rates have trended higher the past few weeks, the uptick hasn't been that pronounced. 30 year rates are only up 9 basis points from the 2016 low set in late September and only 13 basis points from the all-time record low.

Checking our database of rates for California, we see there are several lenders quoting 30 year refinance rates below the average rate. The lowest 30 year refinance rate with points is at 3.125 percent and the lowest refi rate without points is at 3.375 percent.

Current mortgage rates on 15 year loans are averaging 2.68 percent, an increase from the prior day's average rate of 2.62 percent. The lowest 15 year refinance rate available in our database for Texas is at 2.375 percent with points and at 2.75 percent without points.

Today's mortgage rates on 5 year adjustable loans are averaging 2.94 percent, an increase from yesterday's average 5 year adjustable rate of 2.88 percent. The lowest 5/1 ARM in our database Florida is at 2.13 percent with points and at 2.38 percent without points.

30 year jumbo mortgage rates are currently averaging 4.16 percent, up slightly from the prior day's average rate of 4.12 percent. The lowest 30 year jumbo refinance rate in our database for Colorado is much lower at 3.375 percent with points and at 3.75 percent with no points.

Average 15 year jumbo mortgage rates are at 3.94 percent, up from yesterday's average 15 year jumbo rate of 3.91 percent. The best 15 year jumbo refinance rate in our database is more than 100 basis points lower at 2.75 percent with no points.

5/1 jumbo adjustable mortgage rates are averaging 3.93 percent, up from the previous day's average 5 year adjustable rate of 3.88 percent. The best 15 year jumbo refinance rate in our database is at 2.25 percent with points and at 2.38 percent with no points.




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 First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.329
4.250
USD
First Internet Bank Logo
NMLS # 424182
(844) 365 - 0483
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,506
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
4.698
4.625
USD
Valley National Bank Logo
NMLS # 411254
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,219
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.283
4.250
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $863
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.739
4.625
USD
Ally Bank Logo
NMLS # 181005
(877) 252 - 6146
at 0.100 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $3,651
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.328
4.250
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 365 - 2711
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,477
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.311
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 0.100 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $2,234
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.342
4.250
USD
CIT Bank Logo
NMLS # 541760
(877) 366 - 5354
at 0.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $2,970
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.410
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(844) 365 - 0630
at 1.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,638
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.532
4.375
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,499
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.698
4.625
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,241
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.320
4.250
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,195
 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
4.750
4.750
USD
Valley National Bank Logo
NMLS # 411254
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.375
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.625
4.625
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # 2925
(877) 388 - 2695
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.786
4.750
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,229
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.890
4.875
USD
Ally Bank Logo
NMLS # 181005
(877) 252 - 6146
at 0.000 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $522
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.392
4.365
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 0.000 pts
30 day lock rate
Est payment: $1,496.09
Fees in APR: $956
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.394
4.375
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(844) 365 - 0630
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $675
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.500
4.500
USD
First Internet Bank Logo
NMLS # 424182
(844) 365 - 0483
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.500
4.500
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 365 - 2711
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.500
4.500
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.625
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Better Mortgage Inc
Better Mortgage Inc
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.297
4.250
USD
Better Mortgage Inc Logo
NMLS # 330511
State Lic # ML-330511
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,657
Thank you for your quote. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.517
4.375
USD
Flagstar Bank Logo
NMLS # 417490
(877) 387 - 5344
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,676
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.178
3.990
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # ML-66247
(877) 388 - 9170
at 1.100 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $3,410
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.281
4.125
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 387 - 0897
at 1.100 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,238
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
9.491
9.125
USD
CIT Bank Logo
NMLS # 541760
(877) 366 - 5354
at 1.100 pts
45 day lock rate
Est payment: $2,440.90
Fees in APR: $6,177
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from Valley National Bank
Valley National Bank
https://www.brimg.net/system/img/inst/10413_logo.gif
300000
Refinance
9.644
9.125
USD
Valley National Bank Logo
NMLS # 411254
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $10,000
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.193
4.000
USD
AimLoan.com Logo
NMLS # 2890
State Lic # 13256
at 1.100 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $3,563
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.781
4.750
USD
The Washington Trust Company
4.781%
12/18/2018
4.750%
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $1,083
 
 
30 yr fixed mtg refi Mortgage Loan from The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.667
4.625
USD
The Guilford Savings Bank
4.667%
12/14/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.934
4.875
USD
Santander Bank, N.A.
4.934%
12/18/2018
4.875%
at 0.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.656
4.625
USD
LincolnWay Community Bank
4.656%
12/18/2018
4.625%
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.651
4.625
USD
United Bank
4.651%
12/18/2018
4.625%
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $911
 
 
30 yr fixed mtg refi Mortgage Loan from UniBank for Savings
UniBank for Savings
300000
Refinance
5.162
5.125
USD
UniBank for Savings
5.162%
12/14/2018
5.125%
at 0.250 pts
60 day lock rate
Est payment: $1,633.46
Fees in APR: $500
 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.773
4.750
USD
Savings Bank of Danbury
4.773%
12/14/2018
4.750%
at 0.000 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
5.066
5.000
USD
First National Bank of Omaha
5.066%
12/13/2018
5.000%
at 0.500 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $752
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.829
4.750
USD
Bank of America
4.829%
12/17/2018
4.750%
at 0.460 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,351
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.915
4.875
USD
Citizens Bank, NA
4.915%
12/14/2018
4.875%
at 0.125 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $998
 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.900
4.875
USD
Union Savings Bank
4.900%
12/14/2018
4.875%
at 0.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.655
4.625
USD
TD Bank, NA
4.655%
12/18/2018
4.625%
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.670
4.625
USD
Liberty Bank
4.670%
12/14/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $814
 
 

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.





 
Author: Brian McKay
October 10th, 2016