Current Mortgage Rates: Mortgage Rates Decline to Five Week Low

Current mortgage rates declined to a five week low for the week ending November 12, 2009 according to the most recent mortgage rate survey released by Freddie Mac. 30 year mortgage rates stayed below 5.00 percent for the fifth time in the past seven weeks.

In this week's Primary Mortgage Market Survey conforming 30 year mortgage interest rates declined to 4.91 percent, down from the previous week's average mortgage rate of 4.98 percent. Mortgage discount points stayed the same at 0.7 points. A year ago at this time 30 year mortgage interest rates were over 6.00 percent at 6.14 percent.

Looking for today’s mortgage interest rates? The best mortgage interest rates can be found in your state by using our mortgage rate tables: Best 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

5.026%

15-Year Fixed

4.875%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2473786

5.041%

15-Year Fixed

4.875%

$4,411

Includes 0.829 points for $3,316

Lender Fees: $1,095

$3,138 /mo

Next >

NMLS #757416

5.131%

15-Year Fixed

4.990%

$3,736

Includes 0.934 points for $3,736

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1067

5.146%

15-Year Fixed

5.000%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,164 /mo

Next >

NMLS #613839

5.192%

15-Year Fixed

4.990%

$5,351

Includes 0.866 points for $3,464

Lender Fees: $1,887

$3,162 /mo

Next >

NMLS #1312186

5.277%

15-Year Fixed

5.125%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,190 /mo

Next >

NMLS #2433973

5.309%

15-Year Fixed

5.125%

$4,965

Includes 0.750 points for $3,000

Lender Fees: $1,965

$3,190 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.316%

15-Year Fixed

5.125%

$5,099

Includes 0.998 points for $3,992

Lender Fees: $1,107

$3,190 /mo

Next >

NMLS #2473786

5.362%

5-Year ARM

5.250%

$5,043

Includes 0.987 points for $3,948

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #6606

5.398%

15-Year Fixed

5.250%

$3,880

Includes 0.970 points for $3,880

Lender Fees: $0

$3,216 /mo

Next >

NMLS #1835285

5.466%

5-Year ARM

5.375%

$4,055

Includes 0.889 points for $3,556

Lender Fees: $499

$2,240 /mo

Next >

NMLS #1025894

5.508%

15-Year Fixed

5.375%

$3,464

Includes 0.691 points for $2,764

Lender Fees: $700

$3,242 /mo

Next >

NMLS #2561451

5.845%

30-Year Fixed

5.750%

$4,134

Includes 0.846 points for $3,384

Lender Fees: $750

$2,335 /mo

Next >

NMLS #1835285

5.851%

30-Year Fixed

5.750%

$4,427

Includes 0.982 points for $3,928

Lender Fees: $499

$2,335 /mo

Next >

NMLS #2473786

5.860%

30-Year Fixed

5.750%

$4,803

Includes 0.927 points for $3,708

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #1067

5.938%

30-Year Fixed

5.875%

$2,716

Includes 0.679 points for $2,716

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1312186

5.955%

5-Year ARM

5.875%

$3,480

Includes 0.870 points for $3,480

Lender Fees: $0

$2,367 /mo

Next >

NMLS #757416

5.957%

30-Year Fixed

5.875%

$3,556

Includes 0.889 points for $3,556

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1312186

6.081%

30-Year Fixed

6.000%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,399 /mo

Next >

NMLS #613839

6.086%

30-Year Fixed

5.990%

$4,143

Includes 0.564 points for $2,256

Lender Fees: $1,887

$2,396 /mo

Next >

NMLS #2433973

6.101%

30-Year Fixed

6.000%

$4,465

Includes 0.625 points for $2,500

Lender Fees: $1,965

$2,399 /mo

Next >

NMLS #399799

6.101%

30-Year Fixed

6.000%

$4,488

Includes 0.790 points for $3,160

Lender Fees: $1,328

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.104%

5-Year ARM

5.990%

$4,959

Includes 0.963 points for $3,852

Lender Fees: $1,107

$2,396 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.106%

30-Year Fixed

5.990%

$5,031

Includes 0.981 points for $3,924

Lender Fees: $1,107

$2,396 /mo

Next >

NMLS #1025894

6.198%

30-Year Fixed

6.125%

$3,120

Includes 0.605 points for $2,420

Lender Fees: $700

$2,431 /mo

Next >

NMLS #6606

6.328%

30-Year Fixed

6.240%

$3,732

Includes 0.933 points for $3,732

Lender Fees: $0

$2,461 /mo

Next >

NMLS #2433973

6.376%

5-Year ARM

6.250%

$5,465

Includes 0.875 points for $3,500

Lender Fees: $1,965

$2,463 /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.

15 year mortgage interest rates also declined in this week's mortgage survey. The current 15 year home loan interest rate is averaging 4.36 percent, down from the prior week's average mortgage rate of 4.40 percent, which is a lot lower from a year ago when 15 year mortgage home loans averaged 5.81 percent. Mortgage points averaged 0.6 points.

Adjustable mortgage rates were also lower in this week's survey - 5 year Treasury indexed home loan rates averaged 4.29 percent, down from last week's average home loan rate of 4.35 percent. A year ago, 5 year home loan interest rates averaged 5.98 percent. Discount points averaged 0.6 points.

One year adjustable rate mortgages averaged 4.46 percent, down slightly from the previous week's average home mortgage loan rate of 4.47 percent. Mortgage discount points averaged 0.6 points. A year ago the average home loan interest rate on a one year ARM was 5.53 percent.

Jumbo mortgage rates currently are higher this week over last. MonitorBankRates.com reported on jumbo rate mortgages on Monday. Following is the report:

Jumbo Rate Mortgages

• 30 year jumbo mortgage interest rates are at 5.78 percent this week, up slightly from last week’s average mortgage rate of 5.77 percent.
• 15 year jumbo rate mortgages are at 5.29%, up from the previous week’s average loan rate of 5.27%.

Find current mortgage rates in your state by searching our mortgage rate tables: Mortgage Rates Current