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Weekly Mortgage Rates: Jumbo Mortgage Rates     Longer 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.
Lender
APR
Rate
Cost & Fees
Notes
Bank of America
4.341%
1/16/2019
4.250%
at 0.644 pts
60 day lock rate Est payment: $1,475.82
Fees in APR: $1,289
Apple Federal Credit Union
4.596%
1/16/2019
4.500%
at 1.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $352
Fulton Bank, NA
4.697%
1/15/2019
4.625%
at 0.500 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,007
Virginia Credit Union
4.579%
1/15/2019
4.500%
at 0.375 pts
45 day lock rate Est payment: $1,520.06
Fees in APR: $1,650
Citizens Bank, NA
4.687%
1/18/2019
4.625%
at 0.250 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $1,408
Santander Bank, N.A.
4.683%
1/18/2019
4.625%
at 0.000 pts
60 day lock rate Est payment: $1,542.42
Fees in APR: $2,004
Northwest Federal Credit Union
4.692%
1/17/2019
4.625%
at 0.750 pts
45 day lock rate Est payment: $1,542.42
Fees in APR: $79
Bank of Oak Ridge
4.420%
1/17/2019
4.375%
at 0.250 pts
60 day lock rate Est payment: $1,497.86
Fees in APR: $853
LincolnWay Community Bank
4.406%
1/15/2019
4.375%
at 0.000 pts
30 day lock rate Est payment: $1,497.86
Fees in APR: $1,085
State Department Federal Credit Union
4.557%
1/14/2019
4.500%
at 0.000 pts
60 day lock rate Est payment: $1,520.06
Fees in APR: $2,000
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 |
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