Today’s Mortgage Rates at Record Lows are Finally Helping Housing: FHFA Housing Price Index +0.8% for MayToday's mortgage rates which are at record lows are finally helping the housing market recover. The Federal Housing Finance Agency said that home prices increased 0.8 percent on a on a seasonally adjusted basis in May, following a revised 0.7% increase in April. The past year (May 2011 to May 2012) home prices rose 3.7% but are still down from 17% from its all-time peak set in April 2007. The FHFA purchase-only index is based on transactions bought or guaranteed by Fannie Mae or Freddie Mac. Over the past several years the Federal Reserve has driven current mortgage rates to record lows to help housing and it looks like the Fed's efforts are finally working. Lender
APR / Rate
Fees / Points
Payment
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
$3,648
Includes 0.912 points for $3,648
Lender Fees: $0
$3,267 /mo
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,269 /mo
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,496 /mo
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
$3,744
Includes 0.936 points for $3,744
Lender Fees: $0
$2,529 /mo
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
$4,184
Includes 0.714 points for $2,856
Lender Fees: $1,328
$2,562 /mo
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
$4,954
Includes 0.971 points for $3,884
Lender Fees: $1,070
$2,562 /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.
Average 30 year conforming mortgage rates hit yet another record low today averaging 3.57 percent. Down from an average 30 year mortgage rate of 3.59 percent. Refinance demand has been strong and has made up the majority of home loan applications this year according to the Mortgage Bankers Association. Record low refinance rates has enticed millions of home owners to refinance. Today's mortgage rates on 15 year conforming mortgage loans are averaging 2.99 percent, down from an average 15 year mortgage rate of 3.01 percent. 15 year rates are just above an all-time record low of 2.97 percent. Jumbo mortgage rates today on 30 year loans are averaging 4.21 percent, unchanged from yesterday's average 30 year jumbo mortgage rate. You can find many lenders offering 30 year jumbo refinance rates below the average on our rate table below. Mortgage rates current on 15 year jumbo home loans are averaging 3.38 percent. A decline from yesterday's average 15 year jumbo mortgage interest rate of 3.41 percent. Average 5 year adjustable mortgage rates on both conforming loans and jumbo loans are unchanged today. Current mortgage rates on 5 year adjustable conforming loans are at 2.76 percent and 5 year jumbo adjustable loans are at 2.85 percent. Explore Other Mortgage and Refinance Offers
Mortgage Rates Increase: 30 Year Mortgage Rates at 5.08%
Future Direction of Mortgage Rates
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Mortgage Rates Hit Another Record Low
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