Current Refinance Rates Decline 7/10/12

Current refinance rates declined as 10 year bond yields are down by 3 basis points on weak economic news on China's trade growth. Average refinance rates on 30 year loans are at 3.63 percent, down from yesterday's average refinance rate of 3.65 percent.

Refinance rates today on 30 year home loans are just above record lows of 3.57 percent set late last week. We might see average refinance rates break all-time lows this week as a slew of economic data is scheduled to be released including initial jobless claims, FOMC minutes for the June meeting and PPI on Friday. Any weakness in the data will send bond yields lower sending refinance rates lower.

Refinance 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

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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 #401822

5.661%

15-Year Fixed

5.375%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,242 /mo

Next >

NMLS #1025894

5.805%

15-Year Fixed

5.625%

$4,680

Includes 0.995 points for $3,980

Lender Fees: $700

$3,295 /mo

Next >

NMLS #6606

6.022%

15-Year Fixed

5.875%

$3,792

Includes 0.948 points for $3,792

Lender Fees: $0

$3,349 /mo

Next >

NMLS #1025894

6.839%

30-Year Fixed

6.750%

$3,664

Includes 0.741 points for $2,964

Lender Fees: $700

$2,595 /mo

Next >

NMLS #401822

6.884%

30-Year Fixed

6.750%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #3030

6.889%

15-Year Fixed

6.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,540 /mo

Next >

NMLS #6606

6.963%

30-Year Fixed

6.875%

$3,580

Includes 0.895 points for $3,580

Lender Fees: $0

$2,628 /mo

Next >

NMLS #3030

7.602%

30-Year Fixed

7.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,797 /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.

Today's refinance rates on 15 year conforming loans are averaging 3.01 percent, down from yesterday's average 15 year refinance rate of 3.04 percent. 15 year refinancing rates are also just above record lows set last week.

Jumbo refinance rates today on 30 year jumbo loans are averaging 4.24 percent, a decline from yesterday's average 30 year jumbo refi rate of 4.27 percent. The all-time low for average jumbo refinancing rates was 4.13 percent set back in June.

There are several lenders on our jumbo mortgage rate list offering 30 year jumbo mortgage rates below the average, one lender has 30 year rates listed below 4.00 percent.

Current mortgage rates today on 15 year jumbo loans are averaging 3.47 percent, down from yesterday's average 15 year jumbo mortgage refinance rate of 3.52 percent. Also on our jumbo rate list CitiBank is offering 15 year jumbo mortgage rates below the average rate.

Today's refinance rates on 5 year conforming adjustable loans are averaging 2.69 percent, down from an average 5 year adjustable refi rate of 2.75 percent. 5 year adjustable jumbo refinance rates today are averaging 2.83 percent, a decline from Monday's average 5 year jumbo refi rate of 2.84 percent.