Current Mortgage Rates Headed Down Towards 5.00% – Zillow Mortgage Rates at 4.98%

Current mortgage rates are headed down to 5.00 percent which has been helping the housing market recover by making homes more affordable than they have been the past several years. This morning, Zillow's Mortgage Marketplace has 30-year mortgage rates under 5.00 percent at 4.98 percent.

Find current mortgage rates in your zip code by searching our mortgage rate tables. Mortgage Rate Tables

Mortgage rates have have gone down because  U.S Treasury yields are going down, currently 10-year bonds are yielding 3.32 percent, the lowest yield since May of 2009.

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 #1513908

4.889%

15-Year Fixed

4.625%

$7,318

Includes 0.753 points for $3,012

Lender Fees: $4,306

$3,086 /mo

Next >

NMLS #1835285

5.204%

15-Year Fixed

4.990%

$5,660

Includes 0.915 points for $3,660

Lender Fees: $2,000

$3,162 /mo

Next >

NMLS #1283930

License: 01970483

5.407%

15-Year Fixed

5.250%

$4,125

Includes 0.750 points for $3,000

Lender Fees: $1,125

$3,216 /mo

Next >

NMLS #1025894

5.545%

15-Year Fixed

5.375%

$4,448

Includes 0.937 points for $3,748

Lender Fees: $700

$3,242 /mo

Next >

NMLS #3030

5.886%

15-Year Fixed

5.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,322 /mo

Next >

NMLS #1513908

5.928%

30-Year Fixed

5.750%

$8,014

Includes 0.927 points for $3,708

Lender Fees: $4,306

$2,335 /mo

Next >

NMLS #401822

5.962%

15-Year Fixed

5.750%

$5,500

Includes 0.375 points for $1,500

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #1835285

6.013%

30-Year Fixed

5.875%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,367 /mo

Next >

NMLS #401822

6.048%

30-Year Fixed

5.875%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$2,367 /mo

Next >

NMLS #1283930

License: 01970483

6.119%

30-Year Fixed

6.000%

$5,125

Includes 1.000 points for $4,000

Lender Fees: $1,125

$2,399 /mo

Next >

NMLS #1025894

6.231%

30-Year Fixed

6.125%

$4,544

Includes 0.961 points for $3,844

Lender Fees: $700

$2,431 /mo

Next >

NMLS #3030

6.722%

30-Year Fixed

6.625%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,562 /mo

Next >

NMLS #1835285

7.011%

5-Year ARM

6.875%

$5,560

Includes 0.890 points for $3,560

Lender Fees: $2,000

$2,628 /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.

Late last year when the credit crises was in full swing investors flocked to Treasuries as a save heaven and drove yields down to just above 2.00 percent. Mortgage rates didn't drop as fast or low as bond yields did, in fact today's mortgage rates are lower than mortgage interest rates were in December, the average mortgage rate was 5.29 percent.

Current Mortgage Rates

Yesterday, Freddie Mac reported in their latest mortgage survey that 30-year mortgage rates were at 5.08 percent for the week ending September 3, 2009. 15-year mortgage rates are just above 4.50 percent, yesterday's 15-year fixed mortgage rate was at 4.54 percent according to Freddie's mortgage survey.

Current Jumbo mortgages Rates

Jumbo mortgage rates are also headed down, current 30-year jumbo mortgage rates are under 6.00 percent at 5.92 percent. The recent high for 30-year jumbo rate mortgages was at 6.59 percent back in June of 2009. 15-year jumbo mortgage rates are at 5.66 percent today, the most recent average high for 15-year jumbo rate mortgages was at 6.39 percent back in June of this year.

Find the best CD rates right here at MonitorBankRates.com by using our CD Rate Tables.

 

5.66