Current Mortgage Rates

Mortgage rates declined again last week, the second week in a row of declines. Mortgage interest rates were down a lot more this week than last week. Brought on by the decline in U.S. Treasury prices. 10 year Treasury notes are at 3.50 percent, down from the recent highs of around 4.00 percent.

The Fed meet this past week to decide monetary policy going forward. The Fed is more optimistic about the economy and make it clear that a tightening (raising interest rates) wasn't happening anytime soon. Mortgage loan rates are at historically low levels, partly because of the economy but the Fed has also been driving mortgage rates down with their programs.

Find current mortgage rates in your area: Mortgage Rates

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 #2059741

5.606%

15-Year Fixed

5.490%

$3,032

Includes 0.758 points for $3,032

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1025894

5.650%

15-Year Fixed

5.490%

$4,172

Includes 0.868 points for $3,472

Lender Fees: $700

$3,267 /mo

Next >

NMLS #1312186

5.652%

15-Year Fixed

5.500%

$3,968

Includes 0.992 points for $3,968

Lender Fees: $0

$3,269 /mo

Next >

NMLS #324599

License: 324599

5.673%

15-Year Fixed

5.500%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$3,269 /mo

Next >

NMLS #6606

5.773%

15-Year Fixed

5.625%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1835285

6.262%

5-Year ARM

6.125%

$5,860

Includes 0.965 points for $3,860

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.356%

30-Year Fixed

6.250%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$2,463 /mo

Next >

NMLS #324599

License: 324599

6.494%

30-Year Fixed

6.375%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$2,496 /mo

Next >

NMLS #2059741

6.569%

30-Year Fixed

6.490%

$3,292

Includes 0.823 points for $3,292

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1312186

6.596%

30-Year Fixed

6.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1025894

6.600%

30-Year Fixed

6.490%

$4,592

Includes 0.973 points for $3,892

Lender Fees: $700

$2,526 /mo

Next >

NMLS #6606

6.714%

30-Year Fixed

6.625%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$2,562 /mo

Next >

NMLS #401822

6.734%

30-Year Fixed

6.625%

$4,495

Includes 0.625 points for $2,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #324599

License: 324599

6.743%

5-Year ARM

6.625%

$4,954

Includes 0.971 points for $3,884

Lender Fees: $1,070

$2,562 /mo

Next >

NMLS #1312186

6.968%

5-Year ARM

6.875%

$3,804

Includes 0.951 points for $3,804

Lender Fees: $0

$2,628 /mo

Next >

NMLS #401822

7.698%

15-Year Fixed

7.375%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,680 /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.

Current Mortgage Rates

Current mortgage rates were down across the board this week over last week's average rates. The average rate on a fixed rate conforming 30 year mortgage is back under 5.50 percent at 5.47 percent, down from the prior week's average rate of 5.65 percent. Jumbo mortgages were also down this past week, the average rate on a fixed jumbo 30 year mortgage was 6.50 percent, down from the prior week's average rate of 6.58 percent.

The average rate on a fixed rate conforming 15 year mortgage is under 5.00 percent at 4.92 percent this week, down from the prior week's average rate of 5.14 percent. Jumbo 15 year fixed mortgage rates were down a lot this week. Current rates are at 6.05 percent, down from the prior week's average rate of 6.39 percent. These rates are for a new home purchase or for a mortgage refinance.

Adjustable mortgage rates (ARMs) were down this past week over the prior week's average rates. One year fixed rate conforming mortgages were down to 4.61 percent, down from the prior week's average rate of 4.84 percent. One year jumbo fixed rate mortgages were down to 5.70 percent, down from last week's average rate of 5.88 percent.

Today's mortgage rate on a 3 year conforming ARM is currently at 4.92 percent, down from the prior week's average rate of 5.10 percent. The average rate on a jumbo 3 year ARM is 5.65 percent, down from the previous week's average rate of 5.75 percent.

Current mortgage interest rates on a 5 year conforming ARM is at 4.86 percent, down sharply from the prior week's average rate of 5.21 percent. Home mortgage rates on jumbo 5 year ARMs are running at 5.67 percent, down from the prior week's average rate of 5.80 percent.

Mortgage loan rates on 7 year ARMs are down this week. Conforming mortgage rates on a 7 year fixed mortgage is at 5.52 percent, down from the previous week's average rate of 5.76 percent. The average home mortgage rate on a 7 year jumbo ARM is at 6.30 percent this week, down from last week's average rate of 6.37 percent.

Todays mortgage rates on 10 year ARMs are also down this week, 10 year conforming ARMs are at 5.78 percent, down from the previous week's average rate of 5.99 percent. Jumbo 10 year ARMs are at 6.73 percent, down from last week's average rate of 6.86 percent.

Current mortgage rates on a 3 year interest only mortgage (conforming) is down to 4.99 percent, down from the average rate of 5.20 percent the prior week. Jumbo 3 year interest only ARM averaged 5.70 percent this week, down from 5.84 percent.

Rates on a 5 year conforming interest only mortgage is at 4.92 percent, down from the prior week's average mortgage rate of 5.39 percent. Jumbo 5 year interest only mortgages averaged 5.96 percent, down from last week's average rate of 6.04 percent.

7 year conforming interest only ARMs are currently at 5.73 percent, down from last week's average rate of 6.05 percent. Jumbo interest only ARMs are currently averaging 6.44 percent, down from the prior week's average rate of 6.55 percent.

Home equity line of credit (HELOC) rates were up slightly this week - current rates are at 4.79 percent, up from last week's average rate of 4.77 percent. Home equity loan rates were almost unchanged this week, current average home equity loan rates on a 10 year home equity loan is 7.656 percent, down from the prior week's average rate of 7.657 percent. The average rate on a 15 year home equity loan is at 7.789 percent, down from the prior week's average rate of 7.790 percent.

Currently shopping for a mortgage for a home purchase or are you currently looking into refinancing a mortgage? MonitorBankRates.com has a mortgage search engine you can use to find current mortgage rates in your zip code.

Mortgage Interest Rates Search Engine