Current Mortgage Rates and Home Inventories Hover Near Record Lows

Current mortgage rates which are just above historic lows are finally helping the housing market recover from the worst housing bust since the Great Depression. The National Association of Realtors®' Realtor®Mag reported that inventories of homes for sale continue to remain at record lows across the country.

In the NAR's report inventory of for-sale single-family homes, condos, town-homes, and co-ops is about 19 percent below inventory levels from a year ago. The NAR's analysis of July housing data of if based on 146 markets.

Today's mortgage rates on 30 year conforming loans are averaging 3.69 percent, up 13 basis points from an average 30 year mortgage rate of 3.56 percent. Right now on our rate tables in the state of Ohio you can find mortgage rates today on 30 year loans below the average and as low as 3.25 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 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 #1085173

4.767%

15-Year Fixed

4.625%

$3,870

Includes 0.625 points for $2,500

Lender Fees: $1,370

$3,086 /mo

Next >

NMLS #2664723

License: 2664723

4.777%

15-Year Fixed

4.625%

$4,128

Includes 0.750 points for $3,000

Lender Fees: $1,128

$3,086 /mo

Next >

NMLS #324599

License: 324599

4.881%

15-Year Fixed

4.750%

$3,570

Includes 0.625 points for $2,500

Lender Fees: $1,070

$3,112 /mo

Next >

NMLS #6606

5.140%

15-Year Fixed

4.990%

$3,952

Includes 0.988 points for $3,952

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.177%

15-Year Fixed

5.000%

$4,692

Includes 0.998 points for $3,992

Lender Fees: $700

$3,164 /mo

Next >

NMLS #1085173

5.586%

30-Year Fixed

5.500%

$3,870

Includes 0.625 points for $2,500

Lender Fees: $1,370

$2,272 /mo

Next >

NMLS #2664723

License: 2664723

5.591%

30-Year Fixed

5.500%

$4,128

Includes 0.750 points for $3,000

Lender Fees: $1,128

$2,272 /mo

Next >

NMLS #324599

License: 324599

5.727%

30-Year Fixed

5.625%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$2,303 /mo

Next >

NMLS #1085173

5.859%

5-Year ARM

5.750%

$4,854

Includes 0.871 points for $3,484

Lender Fees: $1,370

$2,335 /mo

Next >

NMLS #2664723

License: 2664723

5.865%

5-Year ARM

5.750%

$5,088

Includes 0.990 points for $3,960

Lender Fees: $1,128

$2,335 /mo

Next >

NMLS #6606

5.966%

30-Year Fixed

5.875%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.972%

30-Year Fixed

5.875%

$4,192

Includes 0.873 points for $3,492

Lender Fees: $700

$2,367 /mo

Next >

NMLS #324599

License: 324599

6.227%

5-Year ARM

6.125%

$4,442

Includes 0.843 points for $3,372

Lender Fees: $1,070

$2,431 /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.

Also on our 30 year refinance rates list in California you can find 30 year refi rates as low as 3.25 percent on conforming mortgage loans. Search our rate tables in your state to find the lowest refinancing rates available.

Current mortgage rates on 15 year conforming loans are still under 3.00 percent averaging 2.98 percent. The average 15 year mortgage rate is up from the previous day's average of 2.97 percent. We will probably see 15 year mortgage interest rates move above 3.00 percent this weekend.

Currently on our refinance rates list for New York you can find lenders offering 15 year refinance rates today below the average rate. In fact there are some lenders advertising rates as low as 2.75 percent with points.

Jumbo mortgage rates today are averaging 4.25 percent on 30 year jumbo loans, an increase from an average 30 year jumbo mortgage rate of 4.21 percent set a day earlier. Right now on our 30 year jumbo refinance rates list in Florida there are lenders offering rates as low as 3.95 percent with points.

Average 15 year mortgage rates today are also higher averaging 3.47 percent, an increase from an average 15 year jumbo mortgage interest rate of 3.43 percent. Mortgage rates currently on our 15 year jumbo rate list for Virginia can be found as low as 3.13 percent with points.

Adjustable mortgage interest rates today on 5 year conventional loans are averaging 2.98 percent, up considerably from an average 5 year adjustable mortgage rate of 2.76 percent. Right now on our rate tables for 5 year adjustable loans there are lenders offering rates as low as 1.88 percent depending on the state you live in.

Today's mortgage rates on 5 year jumbo adjustable loans are averaging 2.84 percent, up from an average 5 year jumbo adjustable mortgage rate of 2.81 percent. Right now on our 5 year jumbo adjustable refinance rates list there are lenders offering rates as low as 2.24 percent.