Average Mortgage Rates Hold Steady: 30 Year Mortgage Rates at 3.55%

There were no big moves in average mortgage rates in this week's mortgage rate survey released by Freddie Mac. Bond yields remained steady this week as investors await the Federal Reserve's decision on more stimulus. Recent weak economic data has a majority of economists believing more quantitative easing is on the way very soon.

Average mortgage rates on 30 year conforming loans remained unchanged at 3.55 percent with 0.6 mortgage points for the week ending September 12, 2012, the same as last week's average 30 year mortgage rate. Mortgage rates today in Bankrate's national average for 30 year loans are averaging 3.57 percent, up from last week's average 30 year mortgage rate of 3.51 percent.

You can find conforming 30 year mortgage rates below the average rates. Currently on our 30 year refinance rates list for the state of Florida there are a couple of lenders offering 30 year refinance rates at 3.125 percent with points. Without points you can find 30 year mortgage refinance rates at 3.25 percent and 3.375 percent.

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 ICB'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

5.440%

15-Year Fixed

5.250%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,216 /mo

Next >

NMLS #401822

5.535%

15-Year Fixed

5.250%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1025894

5.762%

15-Year Fixed

5.625%

$3,544

Includes 0.711 points for $2,844

Lender Fees: $700

$3,295 /mo

Next >

NMLS #1835285

6.128%

30-Year Fixed

6.000%

$5,500

Includes 0.875 points for $3,500

Lender Fees: $2,000

$2,399 /mo

Next >

NMLS #3030

6.407%

15-Year Fixed

6.250%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,430 /mo

Next >

NMLS #1025894

6.590%

30-Year Fixed

6.490%

$4,168

Includes 0.867 points for $3,468

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.758%

30-Year Fixed

6.625%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #1835285

6.764%

5-Year ARM

6.625%

$5,780

Includes 0.945 points for $3,780

Lender Fees: $2,000

$2,562 /mo

Next >

NMLS #3030

7.187%

30-Year Fixed

7.125%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,695 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of 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.

Average 15 year mortgage rates in Freddie Mac's survey were down this week. The average 15 year mortgage rate for the week ending September 13, 2012, was at 2.85 percent with 0.6 point, a decline from the prior week's average 15 year mortgage interest rate of 2.86 percent. 

Today's mortgage rates on Bankrate's national average rate survey for 15 year mortgages are at 2.93 percent, up from an average 15 year rate of 2.89 percent last week. On our rate table in Texas there are many lenders offering current mortgage rates well below the averages. The lowest mortgage rate is at 2.50 percent with 1 mortgage point and the lowest rate without points is at 2.625 percent.

Average 5 year conforming adjustable mortgage rates declined to 2.72 percent with 0.6 point in this week's mortgage rate survey, down from last week's average 5 year adjustable mortgage rate of 2.75 percent. The average 5 year adjustable mortgage rate in Bankrate's survey this week is 2.92 percent, up from last week's average of 2.82 percent. The lowest 5 year adjustable mortgage rate on our rate list for California is at 2.25 percent with points and 2.25 percent without points.

1 year adjustable mortgage rates averaged 2.61 percent with 0.4 points in this week's survey from Freddie. The same mortgage rate as last week's average rate.