Mortgage Rates are Even Lower This WeekMortgage rates are lower again this week, continuing the downtrend into 2016. Thankfully, mortgage rates are not climbing as a result of the Fed raising the fed funds rate. Average 30 year conforming rates fell to a new low for 2016, averaging 3.73 percent. 30 year rates are down from last week's average of 3.80 percent. During the past week, we have seen lenders listed in the database offer 30 year conforming refinance rates as low as 3.375 percent with points. The lowest 30 year rates without points offered was also below the average at 3.625 percent. Lenders are currently offering those lowest rates today.
Lender
APR / Rate
Fees / Points
Payment
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,242 /mo
$2,408
Includes 0.602 points for $2,408
Lender Fees: $0
$3,322 /mo
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,295 /mo
$3,644
Includes 0.911 points for $3,644
Lender Fees: $0
$3,374 /mo
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,496 /mo
$3,124
Includes 0.781 points for $3,124
Lender Fees: $0
$2,561 /mo
$3,828
Includes 0.957 points for $3,828
Lender Fees: $0
$2,592 /mo
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,628 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,568 /mo
$5,804
Includes 0.951 points for $3,804
Lender Fees: $2,000
$2,662 /mo
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.
5 year conventional adjustable mortgage rates are down to 3.00 percent this week, a decline from last week's average of 3.12 percent. The best 5 year adjustable refinance rates in our database this week were at 2.25 percent with points and at 2.625 percent without points.
Current 15 year jumbo rates are at 4.23 percent, a decline from last week's average rate of 4.37 percent. The lowest 15 year jumbo refinance rates in the database are currently at 2.75 percent with points and at 2.875 percent without points. Average 5 year jumbo adjustable rates are at 3.80 percent, a decline from the prior week's average rate of 3.94 percent. The lowest 5 year jumbo rates available in the database are much lower at 2.125 percent with points and at 2.65 percent without points. You can see a list of lenders mortgage rates in the state you live in by searching our database of rates at MonitorBankRates.com. Explore Other Mortgage and Refinance Offers
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