Average 30 Year Mortgage Rates Today Remain Under 4.00%

30 year mortgage rates today are averaging 3.96 percent, down from last week's average 30 year rate of 3.97 percent. This is the second consecutive week average 30 year mortgage rates remained under 4.00 percent. We do expect rates to increase because 10 year Treasury yields are up 14 basis points since Monday.

July employment numbers, scheduled to be released this Friday, could have a big impact on bond yields and mortgage rates. 220,000 jobs are expected to have been created in July and the unemployment rate to remain at 5.3 percent. A stronger number of jobs created would send interest rates higher.

A weak number won't send rates lower because the Fed is expected to increase the fed funds rate in the near future. The Fed is schedule to meet in September and will probably increase the fed funds rate 0.25 percent. An increase in the fed funds rate, will send bond yields higher, which in turn will send mortgage rates higher.

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 #1835285

4.753%

15-Year Fixed

4.625%

$3,419

Includes 0.730 points for $2,920

Lender Fees: $499

$3,086 /mo

Next >

NMLS #2126430

4.764%

15-Year Fixed

4.625%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$3,086 /mo

Next >

NMLS #2473786

4.775%

15-Year Fixed

4.625%

$4,015

Includes 0.730 points for $2,920

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #1025894

4.874%

15-Year Fixed

4.750%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,112 /mo

Next >

NMLS #757416

4.898%

15-Year Fixed

4.750%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1954591

License: 60DBO-113383

4.918%

15-Year Fixed

4.750%

$4,539

Includes 0.858 points for $3,432

Lender Fees: $1,107

$3,112 /mo

Next >

NMLS #613839

4.953%

15-Year Fixed

4.750%

$5,407

Includes 0.880 points for $3,520

Lender Fees: $1,887

$3,112 /mo

Next >

NMLS #1835285

4.957%

5-Year ARM

4.875%

$3,779

Includes 0.820 points for $3,280

Lender Fees: $499

$2,117 /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 #1067

4.978%

15-Year Fixed

4.875%

$2,732

Includes 0.683 points for $2,732

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2126430

4.983%

5-Year ARM

4.875%

$4,951

Includes 0.939 points for $3,756

Lender Fees: $1,195

$2,117 /mo

Next >

NMLS #6606

5.260%

15-Year Fixed

5.125%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,190 /mo

Next >

NMLS #1835285

5.343%

30-Year Fixed

5.250%

$4,171

Includes 0.918 points for $3,672

Lender Fees: $499

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.473%

5-Year ARM

5.375%

$4,423

Includes 0.829 points for $3,316

Lender Fees: $1,107

$2,240 /mo

Next >

NMLS #2126430

5.583%

30-Year Fixed

5.500%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$2,272 /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 >

NMLS #1025894

5.682%

30-Year Fixed

5.625%

$2,508

Includes 0.627 points for $2,508

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1067

5.686%

30-Year Fixed

5.625%

$2,684

Includes 0.671 points for $2,684

Lender Fees: $0

$2,303 /mo

Next >

NMLS #757416

5.696%

30-Year Fixed

5.625%

$3,120

Includes 0.780 points for $3,120

Lender Fees: $0

$2,303 /mo

Next >

NMLS #613839

5.726%

30-Year Fixed

5.625%

$4,447

Includes 0.640 points for $2,560

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.854%

30-Year Fixed

5.750%

$4,619

Includes 0.878 points for $3,512

Lender Fees: $1,107

$2,335 /mo

Next >

NMLS #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

5.970%

30-Year Fixed

5.875%

$4,284

Includes 0.739 points for $2,956

Lender Fees: $1,328

$2,367 /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.

The possibility of higher mortgage rates has already boosted loan demand. The Mortgage Bankers Association's Weekly Application Survey showed mortgage applications rose 4.7 percent for week ending July 31.

Refinance applications climbed 6 percent for the week, while applications for home purchase rose 3 percent. Refinance application loan volume is 8 percent higher than the year ago levels. Home purchase applications are up 23 percent year-over-year.

Mortgage rates are headed higher later this year but the increase will be smaller than expected. 30 year mortgage rates were forecast to be around 5.00 percent by the end of 2015. A more likely forecast is for 30 year rates to remain under 4.50 percent.

Conforming Mortgage Rates

30 year conforming mortgage rates are averaging 3.96 percent, down 1 basis point from last week's average of 3.97 percent.

Today's 15 year conforming rates are averaging 3.04 percent, down from last week's average 15 year rate of 3.05 percent.

Jumbo Mortgage Rates

Current 30 year jumbo mortgage rates bucked the trend and are higher this week. Average 30 year jumbo rates are at 4.33 percent, up from last week's average of 4.28 percent.

15 year jumbo rates are averaging 3.89 percent, unchanged from the previous week's average 15 year rate.

Adjustable Mortgage Rates

5 year conventional adjustable mortgage rates are averaging 3.23 percent, up sharply from last week's average 5 year rate of 3.06 percent.

5 year jumbo adjustable rates are averaging 3.40 percent, down from last week's average of 3.52 percent.