Mortgage Rates at 4-Month Low- Freddie Mac

30-year mortgage rates reached a four month low in Freddie Mac's current Primary Mortgage Market Survey. Low mortgage rates continue to help the housing market recover from the speculative bubble over the past several years.

The National Association of Realtors released their Pending Home Sales Index, which is based on signed contracts. The index is up 6.4 percent to 103.8, this is the seventh consecutive month of gains and also the longest consecutive month-on-month gain in the history of the index.

Looking for the best mortgage rates? Use our mortgage rate tables to find mortgage interest rates in your state or zip code. Today's Mortgage Rates Here

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2059741

4.764%

15-Year Fixed

4.625%

$3,708

Includes 0.927 points for $3,708

Lender Fees: $0

$3,086 /mo

Next >

NMLS #2473786

4.779%

15-Year Fixed

4.625%

$4,119

Includes 0.756 points for $3,024

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #2473786

4.972%

5-Year ARM

4.875%

$4,451

Includes 0.839 points for $3,356

Lender Fees: $1,095

$2,117 /mo

Next >

NMLS #2059741

5.573%

30-Year Fixed

5.490%

$3,700

Includes 0.925 points for $3,700

Lender Fees: $0

$2,269 /mo

Next >

NMLS #2473786

5.587%

30-Year Fixed

5.490%

$4,295

Includes 0.800 points for $3,200

Lender Fees: $1,095

$2,269 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

Current Mortgage Rates

Current mortgage rates for 30-year mortgages are averaging at 4.94 percent this week, down from the previous week's average mortgage rate of 5.04 percent. Discount points are averaging 0.7 percent this week. A year ago at this time 30-year mortgage rates were over 6.00 percent at 6.10 percent.

15-year mortgage rates are averaging 4.36 percent this week, down from last week's average mortgage rate of 4.46 percent. This rate is the lowest on record since Freddie Mac started tracking it in 1991. Discount points are averaging 0.6 percent. A year ago at this time 15-year mortgage rates were averaging 5.78 percent.

Adjustable mortgage rates are also down this week. Current 5-year adjustable mortgage rates are down to 4.42 percent this week, down from the prior week's average mortgage rate of 4.51 percent. Points are averaging 0.6 percent this week.

One-year adjustable mortgage rates are down to 4.49 percent this week, down from last week's average rate of 4.52 percent. Discount points are averaging 0.5 percent this week. A year ago, one year adjustable mortgage rates were averaging 5.12 percent.