Mortgage Refinance Rates: 30 Year Refinance Rates now at 4.88%

Mortgage refinance rates were over 5.00 percent last week at 5.07 percent. 30 year refinance rates are now under 5.00 percent at 4.88 percent, continuing the downtrend since the beginning of the week. 15 year mortgage refinance rates are also down this week. The average rate on a 15 year refinance loan is averaging 4.30%, down from last week’s average refinance rate of 4.39%.

30 year jumbo rates for refinancing are also down this week with the average rate down to 5.57 percent, a decrease from the prior week's average rate of 5.76 percent.  If you haven't taken advantage of these low rates and refinanced your home loan, now is the time before rates start heading up.

The average 15 year jumbo refinance rates broke through the 5.00 percent mark. 15 year jumbo mortgage refi rates are averaging 4.98%, down from last week's average rate of 5.13 percent.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1835285

5.440%

15-Year Fixed

5.250%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,216 /mo

Next >

NMLS #2059741

5.606%

15-Year Fixed

5.490%

$3,032

Includes 0.758 points for $3,032

Lender Fees: $0

$3,267 /mo

Next >

NMLS #757416

5.630%

15-Year Fixed

5.490%

$3,648

Includes 0.912 points for $3,648

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1025894

5.650%

15-Year Fixed

5.490%

$4,172

Includes 0.868 points for $3,472

Lender Fees: $700

$3,267 /mo

Next >

NMLS #324599

License: 324599

5.673%

15-Year Fixed

5.500%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$3,269 /mo

Next >

NMLS #6606

5.773%

15-Year Fixed

5.625%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1835285

6.262%

5-Year ARM

6.125%

$5,860

Includes 0.965 points for $3,860

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.356%

30-Year Fixed

6.250%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$2,463 /mo

Next >

NMLS #324599

License: 324599

6.494%

30-Year Fixed

6.375%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$2,496 /mo

Next >

NMLS #2059741

6.569%

30-Year Fixed

6.490%

$3,292

Includes 0.823 points for $3,292

Lender Fees: $0

$2,526 /mo

Next >

NMLS #757416

6.590%

30-Year Fixed

6.500%

$3,744

Includes 0.936 points for $3,744

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1025894

6.600%

30-Year Fixed

6.490%

$4,592

Includes 0.973 points for $3,892

Lender Fees: $700

$2,526 /mo

Next >

NMLS #6606

6.714%

30-Year Fixed

6.625%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$2,562 /mo

Next >

NMLS #401822

6.734%

30-Year Fixed

6.625%

$4,495

Includes 0.625 points for $2,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #324599

License: 324599

6.743%

5-Year ARM

6.625%

$4,954

Includes 0.971 points for $3,884

Lender Fees: $1,070

$2,562 /mo

Next >

NMLS #401822

7.698%

15-Year Fixed

7.375%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,680 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

Looking for refi rates? Use our rate tables to find the best refi rates. MortgageRates.MonitorBankRates.com.

Mortgage Refinance Rates

Adjustable Refinance Mortgage Rates – Conforming Loans

1 year adjustable refinance loan rates are averaging 4.40% this week, down from last week when 1 year loan refinance rates averaged 4.67%.

3 year adjustable refi rates are averaging 4.44% this week, a decrease from the prior week’s mortgage loan refinance rate of 4.63%.

The average 5 year adjustable refinance interest rate is at 3.88% this week, down from last week’s average mortgage refinance interest rate of 4.01%.

The average 7 year conforming mortgage refinance rate is at 4.38%, a decrease from last week’s average mortgage refinance rate of 4.50%.

The average 10 year refinance mortgage rates is at 4.77% this week, down from last week’s refinance rate of 4.80%.

Jumbo Refinance Mortgage Rates

The average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from last week’s average refinance rate.

3 year jumbo adjustable refi rates are averaging 5.18%, down from last week’s average adjustable refinance loan interest rate of 5.36%.

The average 5 year jumbo refinance interest rate is at 4.58% this week, down from last week’s average refinance bank rate of 4.70%.

7 year jumbo refinance home loan rates are averaging 5.46% this week, a decrease from last week’s average refinance home loan rate of 5.75%.

10 year home refi rates are averaging 5.81% this week, down from the prior week’s average 10 year home refinance rate of 5.96%.