Weekly Mortgage Rates: Jumbo Mortgage Rates

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weekly-mortgage-rates-updated-may-13-2009Longer term mortgage rates rose this past week in response to economic news that is pointing to a bottoming of the punishing recession we are in. While some shorter term mortgage products declined this past week.

Even with the longer term rates rising, mortgage rates are still near historic lows. The average rate for a 30-year fixed rate conforming mortgage is 4.96 percent, up from last week's rate of 4.94 percent. 30-year jumbo fixed rate mortgages are still a lot higher than a 30-year fixed rate mortgages, this week's average for 30-year fixed rate jumbo mortgage is 6.17 percent, up from last week's average of 6.15 percent.
Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
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
4.319
4.250
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,140
 
 
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
4.356
4.125
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 1.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $5,141
 
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
4.398
4.375
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $818
 
 
30 yr fixed Mortgage Loan from Commonwealth Mortgage, LLC
Commonwealth Mortgage, LLC
https://www.brimg.net/system/img/inst/5071_logo.gif
300000
Refinance
4.450
4.450
USD
Commonwealth Mortgage, LLC Logo
NMLS # 1023
State Lic # MC-5814
(877) 330-6018
at 0.000 pts
30 day lock rate
Est payment: $1,511.16
Fees in APR: None
Thanks for the inquiry! 
 
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
4.306
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,995
 
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
4.246
3.875
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 2.000 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $7,084
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.493
4.375
USD
Bank of America
4.493%
8/15/2018
4.375%
at 0.946 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.790
4.750
USD
Fulton Bank, NA
4.790%
8/14/2018
4.750%
at 0.125 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.528
4.500
USD
TD Bank, NA
4.528%
8/17/2018
4.500%
at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.687
4.625
USD
Citizens Bank, NA
4.687%
8/17/2018
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Langley FCU
Langley FCU
300000
Refinance
4.889
4.875
USD
Langley FCU
4.889%
8/17/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $495
 
 
30 yr fixed mtg refi Mortgage Loan from The Fidelity Bank
The Fidelity Bank
300000
Refinance
4.900
4.875
USD
The Fidelity Bank
4.900%
8/17/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $863
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.771
4.625
USD
Virginia Credit Union
4.771%
8/14/2018
4.625%
at 1.125 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,650
 
 

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.






Rates on 15-year fixed rate mortgages declined this past week. The average rate on a 15-year fixed rate conforming mortgage is 4.62 percent, down from last week's average rate of 4.65 percent. 15-year jumbo fixed rate mortgages averaged 6.03 percent, down from 6.08 percent. 5-year adjustable rate mortgages were down considerably to 4.52 percent from 4.60 percent. 5-year jumbo adjustable rate mortgages were down even more at 5.44 percent from 5.53 percent. 1-year adjustable rate mortgages are down to 4.87 percent from 4.91 percent. 1-year jumbo adjustable rate mortgages had the most dramatic decline of .16 percent. 1-year jumbo ARMs are averaging 5.70 percent, down from 5.86 percent.

Average rate source: Informa Research Services
 
Author: Brian McKay
May 13th, 2009