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

mortgage-refinance-rates-30-year-refinance-rates-now-at-488Mortgage 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 Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
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
Tomo Mortgage, LLC.
NMLS #2059741
5.606%
15-Year Fixed
5.490%
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
Bison State Bank
NMLS #757416
5.630%
15-Year Fixed
5.490%
$3,648
Includes 0.912 points for $3,648
Lender Fees: $0
$3,267 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.650%
15-Year Fixed
5.490%
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
Different Mortgage
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
New American Funding, LLC.
NMLS #6606
5.773%
15-Year Fixed
5.625%
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$3,295 /mo
District Lending
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
District Lending
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
Different Mortgage
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
Tomo Mortgage, LLC.
NMLS #2059741
6.569%
30-Year Fixed
6.490%
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
Bison State Bank
NMLS #757416
6.590%
30-Year Fixed
6.500%
$3,744
Includes 0.936 points for $3,744
Lender Fees: $0
$2,529 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.600%
30-Year Fixed
6.490%
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
New American Funding, LLC.
NMLS #6606
6.714%
30-Year Fixed
6.625%
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$2,562 /mo
PenFed Credit Union
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
Different Mortgage
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
PenFed Credit Union
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
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%.

 
Author: Brian McKay
March 12th, 2010

Explore Other Mortgage and Refinance Offers