The Housing Market is Back Thanks to Affordable Home Prices and Low Mortgage Rates Today

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The housing market is making a comeback after the worst bust since the Depression of the 1930's, thanks to low mortgage rates today and more affordable homes. Owning a home was the American dream for most people but that dream turned into a nightmare for millions of homeowners during the housing bust and owning a home wasn't the most important thing Americans wanted.

The Housing Market is Back Thanks to Affordable Home Prices and Low Mortgage Rates TodayTimes are changing again as headline after headline is showing a positive turn for housing. The number of home sales is going higher and home prices are also moving up. The turnaround is quite remarkable as attitudes towards owning a home are also changing as more and more Americans become more confident in the housing market.
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 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 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
 
 
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 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 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 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 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 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 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 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 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
 
 

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.






A recent CNBC All-America Economic Survey showed the desire to buy a home is growing each month. The percentage of Americans in the survey who say owning a home is an essential part of the American dream is at 79 percent - a three year high. There has also been an increase in the percentage of Americans who say it is better to own than rent. The percentage who believe buying is better than renting grew by four points to 69 percent.

Americans also believe home prices are moving higher. In March, the percentage of Americans who believe home prices will increase next year are 33 percent, up 9 percent since November's survey. If Americans believe the housing market has bottomed out, they will be more inclined to buy a home now rather than later.

Rising home prices combined with mortgage rates that are near the lowest point in 60 years is luring buyers back into the market. Today's mortgage rates on 30 year conforming loans can be found as low as 3.125 percent to 3.50 percent with points. Current mortgage rates on 15 year conventional home loans can be found as low as 2.25 percent with points.

The current inventory of homes available for sale is low and the number of buyers is increasing. For the first time in many years the current housing market is a seller's market. The National Association of Realtors recently reported there are only 1 million existing homes for sale, the lowest point since the top of the housing boom several years ago. During the housing bust, the number of homes available for sale surged to over 3 million.

Home prices have a long way to go before prices are back at the peak of the bubble in 2006. The biggest increase in home prices will probably be in 2012 and 2013 then the increase in prices will return to the historical norm of 2 percent to 3 percent. Mortgage rates also also moving higher but will remain low historically speaking. 


Conforming 30 year mortgage refinance rates are expected to stay under 4.00 percent for all of 2013. Next year 30 year rates are expected to also move higher but remain under 4.50 percent. If you're thinking of refinancing your current mortgage you should do so now since rates have bottomed out and are moving higher in the coming years.
 
Author: Brian McKay
April 3rd, 2013