Fixed Conforming Mortgage Rates Average 3.40%, Lowest 30 Year Refinance Rates at 3.00%

Fixed conforming mortgage rates are higher this week but will head lower in the coming weeks. 30 year mortgage rates are averaging 3.40 percent with 0.7 mortgage points in Freddie Mac's Primary Mortgage Market Survey for the week ending January 10, 2012. Average 30 year mortgage rates are higher from last week's average of 3.34 percent on higher bond yields. 30 year rates only 9 basis points above the all-time record low of 3.31 percent set on November 21, 2012.

Average mortgage rates will make new record lows in 2013 since the Federal Reserve is buying billions a month in mortgage-backed securities (MBS) to drive rates lower. Currently on our rate tables there are lenders right now offering 30 year mortgage refinance rates as low as 3.00 percent if you're willing to pay points. Without points you can find lenders still quoting 30 year rates below the average at 3.25 percent.

Mortgage rates today on 15 year conforming loans are averaging 2.84 percent which is higher than the average of 2.66 percent in Freddie Mac's survey this week. Average 15 year mortgage interest rates this week are higher than last week's average of 2.64 percent. Average 15 year rates are also just above record lows of 2.63 percent also set the week of November 21, 2012. During the first quarter of 2013 average 15 year rates will make new lows and possibly as low as 2.40 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 #135622

4.762%

15-Year Fixed

4.500%

$7,035

Includes 0.760 points for $3,040

Lender Fees: $3,995

$3,060 /mo

Next >

NMLS #2473786

4.808%

15-Year Fixed

4.625%

$4,883

Includes 0.947 points for $3,788

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #2059741

4.888%

15-Year Fixed

4.750%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$3,112 /mo

Next >

NMLS #135622

4.914%

5-Year ARM

4.750%

$7,635

Includes 0.910 points for $3,640

Lender Fees: $3,995

$2,087 /mo

Next >

NMLS #1067

5.008%

15-Year Fixed

4.875%

$3,520

Includes 0.880 points for $3,520

Lender Fees: $0

$3,138 /mo

Next >

NMLS #757416

5.019%

15-Year Fixed

4.875%

$3,816

Includes 0.954 points for $3,816

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1025894

5.078%

15-Year Fixed

4.875%

$5,404

Includes 0.851 points for $3,404

Lender Fees: $2,000

$3,138 /mo

Next >

NMLS #2473786

5.088%

5-Year ARM

5.000%

$4,031

Includes 0.734 points for $2,936

Lender Fees: $1,095

$2,148 /mo

Next >

NMLS #1928741

5.098%

15-Year Fixed

4.990%

$2,840

Includes 0.710 points for $2,840

Lender Fees: $0

$3,162 /mo

Next >

NMLS #6606

5.386%

15-Year Fixed

5.240%

$3,820

Includes 0.955 points for $3,820

Lender Fees: $0

$3,214 /mo

Next >

NMLS #135622

5.636%

30-Year Fixed

5.500%

$6,035

Includes 0.510 points for $2,040

Lender Fees: $3,995

$2,272 /mo

Next >

NMLS #2473786

5.702%

30-Year Fixed

5.625%

$3,367

Includes 0.568 points for $2,272

Lender Fees: $1,095

$2,303 /mo

Next >

NMLS #2059741

5.714%

30-Year Fixed

5.625%

$3,936

Includes 0.984 points for $3,936

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1025894

5.760%

30-Year Fixed

5.625%

$5,924

Includes 0.981 points for $3,924

Lender Fees: $2,000

$2,303 /mo

Next >

NMLS #757416

5.829%

30-Year Fixed

5.750%

$3,448

Includes 0.862 points for $3,448

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1067

5.921%

30-Year Fixed

5.875%

$1,992

Includes 0.498 points for $1,992

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1928741

5.926%

30-Year Fixed

5.875%

$2,208

Includes 0.552 points for $2,208

Lender Fees: $0

$2,367 /mo

Next >

NMLS #6606

6.091%

30-Year Fixed

6.000%

$3,892

Includes 0.973 points for $3,892

Lender Fees: $0

$2,399 /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.

Adjustable mortgage rates were mixed in this week's mortgage survey. Average 5 year adjustable mortgage rates decreased to 2.67 percent with 0.6 mortgage points, down from last week's average 5 year adjustable mortgage rate of 2.71 percent. Current mortgage rates on 5 year adjustable conforming loans are averaging 2.85 percent but you can find many lenders quoting rates a lot lower.

Right now on our 5 year adjustable refinance rates list for the state of California, the lowest rate available is from Amerisave at an incredibly low rate of 1.625 percent with 1.751 points. If you'd rather not pay points to get a lower rate, you can still find many lenders quoting 5 year adjustable refinance rates today as low as 2.25 percent in California.

Average 1 year adjustable mortgage rates were at 2.60 percent with 0.5 mortgage points for week ending January 10, 2012. Average 1 year adjustable mortgage rates are slightly higher from the January 3, 2012, average of 2.57 percent.