Just When You Thought it Was Safe to Refinance: Mortgage Rates Today Hit Record Low

Its pretty amazing how low current mortgage rates are these days. In the beginning of 2012 when average 30 year mortgage rates broke through 4.00 percent I decided to pull the trigger and refinance my mortgage loan. Now 30 year mortgage rates today are averaging 3.59 and will probably break through 3.50 percent in the coming weeks.

Today's mortgage rates on 30 year home loans at 3.59 percent are a new all-time record low in our average mortgage rates survey. If you're thinking about refinancing or buying a home you can find lender's offering 30 year rates below the average of 3.59 percent.

Average 15 year conforming mortgage rates current are at 3.00 percent, down from an average 15 year mortgage rate of 3.01 percent. While average 15 year mortgage rates didn't hit a record low today rates are very near and all-time low of 2.97 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 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 #1689962

License: 02053435

4.863%

15-Year Fixed

4.750%

$3,020

Includes 0.755 points for $3,020

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1025894

4.978%

15-Year Fixed

4.875%

$2,736

Includes 0.509 points for $2,036

Lender Fees: $700

$3,138 /mo

Next >

NMLS #3030

5.654%

15-Year Fixed

5.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,269 /mo

Next >

NMLS #1689962

License: 02053435

5.829%

30-Year Fixed

5.750%

$3,432

Includes 0.858 points for $3,432

Lender Fees: $0

$2,335 /mo

Next >

NMLS #401822

5.905%

15-Year Fixed

5.750%

$4,000

Includes 0.000 points for $0

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #401822

5.933%

30-Year Fixed

5.750%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$2,335 /mo

Next >

NMLS #1025894

5.956%

30-Year Fixed

5.875%

$3,504

Includes 0.701 points for $2,804

Lender Fees: $700

$2,367 /mo

Next >

NMLS #3030

6.458%

30-Year Fixed

6.375%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,496 /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.

As with 30 year rates you can find lenders offering 15 year mortgage rates below the average of 3.00 percent. Right now on our 15 year rate tables there are many lenders in each state offering 15 year refinance rates and mortgage rates below the averages. You can search and compare rates yourself without providing any personal information to see a list of rates.

Average 30 year jumbo mortgage interest rates today are at 4.21 percent, a decline from yesterday's average 30 year jumbo mortgage rate of 4.24 percent. Jumbo rates on 30 year loans are not at record lows but there are lenders offering rates below the averages.

Right now on our jumbo 30 year rate table for Connecticut, Citi and Emery Federal Credit Union are both offering 30 year jumbo rates below the averages. Investors Home Mortgage is also offering 30 year jumbo rates below the averages in CT.

15 year jumbo mortgage rates are averaging 3.41 percent, a record low for 15 year jumbo mortgage interest rates, down from yesterday's average 15 year jumbo rate of 3.45 percent.

5 year conforming adjustable refinance mortgage rates are at an all-time low averaging 2.76 percent, down from an average 5 year rate of 2.79 percent yesterday. Average 5 year jumbo adjustable rates are averaging 2.85 percent, unchanged from yesterday's average rate.

You can search for and compare mortgage rates or refinance rates in your state by using our rate tables below. Again, no personal information is needed to display a list of rates, not even an email address.