30 Year Mortgage Rates Near Record Lows – 15 Year Mortgage Rates Lowest Ever

Mortgage rates continued to decline in the latest Primary Mortgage Market Survey released by Freddie Mac this morning. 30 year mortgage rates are near record lows and are at the lowest level since May of 2009. 15 year mortgage rates have hit the lowest level ever since Freddie Mac's records began in 1991.

Mortgage interest rates are still heading lower despite the fact that the economy is coming out of a recession and the Fed announced it was slowing the pace of its purchases of mortgage-backed securities. Average mortgage rates will head higher once the Fed stops its purchases.

The $1.25 trillion program to purchase mortgage-backed securities was designed to support the housing market and mortgage lending. The Fed anticipates the program will end in the first quarter of 2010.

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 #2473786

4.894%

15-Year Fixed

4.750%

$3,839

Includes 0.686 points for $2,744

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #757416

5.005%

15-Year Fixed

4.875%

$3,436

Includes 0.859 points for $3,436

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2473786

5.104%

5-Year ARM

5.000%

$4,755

Includes 0.915 points for $3,660

Lender Fees: $1,095

$2,148 /mo

Next >

NMLS #1928741

5.106%

15-Year Fixed

4.990%

$3,052

Includes 0.763 points for $3,052

Lender Fees: $0

$3,162 /mo

Next >

NMLS #6606

5.398%

15-Year Fixed

5.250%

$3,884

Includes 0.971 points for $3,884

Lender Fees: $0

$3,216 /mo

Next >

NMLS #2473786

5.719%

30-Year Fixed

5.625%

$4,127

Includes 0.758 points for $3,032

Lender Fees: $1,095

$2,303 /mo

Next >

NMLS #757416

5.828%

30-Year Fixed

5.750%

$3,404

Includes 0.851 points for $3,404

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1928741

5.923%

30-Year Fixed

5.875%

$2,092

Includes 0.523 points for $2,092

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

6.086%

30-Year Fixed

6.000%

$3,831

Includes 0.626 points for $2,504

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #6606

6.091%

30-Year Fixed

6.000%

$3,904

Includes 0.976 points for $3,904

Lender Fees: $0

$2,399 /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.

Looking for today's mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Mortgage Rate Tables

Fixed 30 year mortgage interest rates are at 4.83 percent for the week ending November 12, 2009, down from last week's average mortgage rate of 4.91 percent. Mortgage discount points averaged 0.7 points. A year ago, 30 year loan rates were over 6.00 percent at 6.04 percent.

15 year fixed mortgage rates are averaging 4.32 percent for the week ending November 12, 2009, down from the prior week's average mortgage interest rate of 4.40 percent. A year ago, 15 year home loan rates averaged 5.73 percent. Average mortgage points were 0.6 points for the week ending November 12, 2009.

The average 5 year adjustable mortgage rate is at 4.25 percent for the week ending November 12, 2009, down from the previous week's average interest rate of 4.35 percent. Discount points averaged 0.6 points. Last year at this time, 5 year adjustable mortgage rates averaged 5.87 percent.

One year adjustable mortgage rates are averaging 4.35 percent this week, down from the prior week's average loan rate of 4.47 percent. Average discount points were 0.6 points. Last year one year mortgage rates were averaging 5.29 percent.

The Primary Mortgage Market Survey released by Freddie Mac doesn't include jumbo rate mortgages. Here is an excerpt of current jumbo rates Monitor Bank Rates released on Monday:

Jumbo Rate Mortgages

• The average 30 year jumbo mortgage rate is at 5.70 percent this week, down from the previous week’s mortgage rate of 5.78 percent.
• The average 15 year jumbo rate mortgage is at 5.23 percent this week, down from the prior week’s interest rate of 5.29 percent.

Real Estate Agents, keep our clients up to date with current mortgage rates. Use our free mortgage rate widget to display mortgage rates on your website. Free Mortgage Widget