Average Mortgage Rates Today Mixed as Bond Yields Move Up 8 Basis Points

Average mortgage rates today are mixed as markets rally on GDP news and hopes of further economic stimulus from the Federal Reserve. Current mortgage rates are poised to move higher since 10 year bond yields are up a steep 8 basis points so far today.

We expect mortgage rates to move up at least 5 basis points over the weekend since bond yields are higher today. Mortgage rates have been subjected to the whims of the markets as investors react to every positive and negative piece of economic data that is released.

Today's mortgage rates on 30 year conforming loans which hit a record low of 3.54 percent on Bankrate's national average survey are up slightly to 3.55 percent. Refinance rates on 30 year conforming loans can be found below the averages and as low as 3.375 percent if you're willing to pay points.

Loan Type

Purchase Refinance with Cash out Refinance

State

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

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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 #2059741

4.896%

15-Year Fixed

4.750%

$3,892

Includes 0.973 points for $3,892

Lender Fees: $0

$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 #1025894

5.011%

15-Year Fixed

4.875%

$3,608

Includes 0.902 points for $3,608

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 #2059741

5.712%

30-Year Fixed

5.625%

$3,816

Includes 0.954 points for $3,816

Lender Fees: $0

$2,303 /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 #1025894

5.921%

30-Year Fixed

5.875%

$2,004

Includes 0.501 points for $2,004

Lender Fees: $0

$2,367 /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.

Earlier this year 30 year conforming mortgage interest rates were around 4.00 percent which at the time seemed like a low point for rates. Now rates are just above 3.50 percent and probably will fall below that rate in the coming weeks.

Current mortgage rates on 15 year conforming loans are still below 3.00 percent averaging 2.96 percent, unchanged from yesterday's average 15 year mortgage rate.

As with average 30 year rates you can find 15 year rates below the average of 2.95 percent. In fact right now on our 15 year refi rates list there are lenders offering rates as low as 2.625 percent.

Average jumbo mortgage rates todays are mixed. 30 year jumbo mortgage rates currently are averaging 4.21 percent, unchanged from yesterday's average 30 year jumbo mortgage rate. Mortgage rates currently on 15 year jumbo loans are averaging 3.43 percent, up 1 basis point from yesterday's average of 3.42 percent.

Conforming 5 year adjustable mortgage rates are up slightly to 2.99 percent today and 5 year jumbo adjustable mortgage rates are unchanged at 2.85 percent.