Mortgage Rates Break Through Record Lows: 30 Year Rates at 3.49% TodayAverage mortgage rates continued their streak of record breaking new lows this week. Fixed conforming 30 year and 15 year mortgage rates today have made new all-time lows in Freddie Mac's Primary Mortgage Market Survey for the week ending July 26, 2012. Concerns about a slowdown in the economies from the U.S. to China sent bond yields to record lows allowing conforming mortgage rates to also set new record lows. Today's mortgage rates on 30 year conforming loans are now below 3.50 percent, hitting a record low of 3.49 percent with an average of 0.7 mortgage points. Average 30 year mortgage rates are down from last week's record low of 3.55 percent. Lender
APR / Rate
Fees / Points
Payment
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$3,216 /mo
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
$3,968
Includes 0.992 points for $3,968
Lender Fees: $0
$3,269 /mo
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,269 /mo
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$3,295 /mo
$5,860
Includes 0.965 points for $3,860
Lender Fees: $2,000
$2,431 /mo
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,463 /mo
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,496 /mo
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,529 /mo
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$2,562 /mo
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
$4,954
Includes 0.971 points for $3,884
Lender Fees: $1,070
$2,562 /mo
$3,804
Includes 0.951 points for $3,804
Lender Fees: $0
$2,628 /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.
Current mortgage rates on 15 year conforming loans hit a record low of 2.80 percent with 0.7 points, down from the prior week's record low 15 year mortgage rate of 2.83 percent. 15 year loans have become the loan of choice for homeowners refinancing their loans. Homeowners refinancing are discovering how low 15 year refinance rates are enabling them to afford the monthly carrying costs of a shorter term loan. As a result they are saving tens of thousands or even hundreds of thousands of dollars in mortgage interest over the life of the loan when refinancing from a 30 year loan to a 15 year loan. Although fixed conforming mortgage interest rates have hit new record lows this week 5 adjustable mortgage rates increased. Average 5 year adjustable conforming mortgage rates are at 2.74 percent with 0.6 mortgage points, up from last week's average 5 year adjustable rate of 2.69 percent. 1 year adjustable mortgage rates also increased for the week ending July 26, 2012. Average 1 year adjustable mortgage rates are at 2.71 percent with 0.5 mortgage points, an increase from the previous week's average 1 year adjustable rate of 2.69 percent. Explore Other Mortgage and Refinance Offers
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