Competitive Mortgage Rates from eRates Mortgage

eRates Mortgage is quoting mortgage rates well below current average mortgage rates and is even offering some of the lowest refinance rates available in the rate database. For example, average 30 year conforming mortgage rates are at 3.68 percent today and eRates is offering 30 year rates at 3.375 percent.

You might not have heard of eRates Mortgage but they have been around before the internet was widely used. eRates was founded in Charlotte, North Carolina, in August of 1991 and has grown to now offer rates in 32 states. eRates is a direct-to-consumer lender and specializes in Conventional, FHA, & VA loans. eRates also offers jumbo loans up to $2,000,000.

15 year mortgage rates today are averaging 2.79 percent and eRates is currently quoting 15 year refinance rates well below the average. eRates is quoting 15 year conforming rates at 2.50 percent with 1.10 mortgage points. Paying points upfront on a loan allows the borrower to secure a lower rate. If you don't want to pay points, eRates is quoting 15 year rates at 2.875 percent with no points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Loan Pronto
NMLS #1661781
5.760%
15-Year Fixed
5.625%
$3,673
Includes 0.625 points for $2,500
Lender Fees: $1,173
$3,295 /mo
Bison State Bank
NMLS #757416
5.868%
15-Year Fixed
5.750%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,322 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.886%
15-Year Fixed
5.750%
$3,512
Includes 0.703 points for $2,812
Lender Fees: $700
$3,322 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.891%
15-Year Fixed
5.750%
$3,652
Includes 0.913 points for $3,652
Lender Fees: $0
$3,322 /mo
Rocket Mortgage
NMLS #3030
6.532%
15-Year Fixed
6.375%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,458 /mo
Loan Pronto
NMLS #1661781
6.620%
30-Year Fixed
6.500%
$5,173
Includes 1.000 points for $4,000
Lender Fees: $1,173
$2,529 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.735%
30-Year Fixed
6.625%
$4,564
Includes 0.966 points for $3,864
Lender Fees: $700
$2,562 /mo
Bison State Bank
NMLS #757416
6.822%
30-Year Fixed
6.750%
$2,968
Includes 0.742 points for $2,968
Lender Fees: $0
$2,595 /mo
Allied Mortgage Group, Inc.
NMLS #1067
6.838%
30-Year Fixed
6.750%
$3,620
Includes 0.905 points for $3,620
Lender Fees: $0
$2,595 /mo
Loan Pronto
NMLS #1661781
7.244%
5-Year ARM
7.125%
$4,977
Includes 0.951 points for $3,804
Lender Fees: $1,173
$2,695 /mo
Rocket Mortgage
NMLS #3030
7.338%
30-Year Fixed
7.250%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,729 /mo
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.

Today's 30 year jumbo mortgage rates are averaging 4.17 percent. eRates is quoting 30 year jumbo refinance rates well below the average at 3.50 percent with 1.10 mortgage points. You can see quotes from eRates Mortgage in your state by searching our database of rates.

 
Author: Brian McKay
April 29th, 2016

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