Mortgage Rates Change Little in This Week’s Mortgage Survey

Mortgage rates barely changed in this week's Primary Mortgage Market Survey. In the survey released by Freddie Mac this morning the current average 30 year conforming mortgage  rate is at 3.55 percent with 0.7 mortgage points for the week ending September 6, 2012, a decline from last week's average 30 year mortgage rate of 3.59 percent. Today's mortgage rates on 30 year conforming loans are just above an all-time record low of 3.49 percent set on July, 26, 2012.

This coming week current mortgage rates could plunge even further if a week employment report comes out tomorrow and the FOMC decides to start a third round of quantitative easing. QE3 would involve the Fed buying long term bonds to force long term Treasury yields lower. This in-turn would drive mortgage rates even lower. We could see average 30 year mortgage rates decline to 3.25 percent in Freddie's survey if the Fed eases in the coming weeks.

Currently on our 30 year refinance rates list you can find lenders offering rates well below the average rate. Right now on our 30 year refinance rates list in Texas there are lenders offering 30 year Texas refinance rates at 3.13 percent with points. Fearon Financial is offering 30 year rates at 3.13 percent with 0.50 points and LenderFi.com is offering rates at 3.13 percent with 0.875 points. If you don't want to pay points LenderFi.com is also listed offering 30 year refi rates at 3.25 percent without points.

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 #1835285

5.296%

15-Year Fixed

5.125%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$3,190 /mo

Next >

NMLS #2578474

5.389%

15-Year Fixed

5.250%

$3,650

Includes 0.650 points for $2,600

Lender Fees: $1,050

$3,216 /mo

Next >

NMLS #2059741

5.510%

15-Year Fixed

5.375%

$3,520

Includes 0.880 points for $3,520

Lender Fees: $0

$3,242 /mo

Next >

NMLS #1025894

5.632%

15-Year Fixed

5.490%

$3,688

Includes 0.747 points for $2,988

Lender Fees: $700

$3,267 /mo

Next >

NMLS #6606

5.767%

15-Year Fixed

5.625%

$3,696

Includes 0.924 points for $3,696

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1835285

6.262%

5-Year ARM

6.125%

$5,848

Includes 0.962 points for $3,848

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.344%

30-Year Fixed

6.250%

$4,000

Includes 0.500 points for $2,000

Lender Fees: $2,000

$2,463 /mo

Next >

NMLS #2578474

6.360%

30-Year Fixed

6.250%

$4,650

Includes 0.900 points for $3,600

Lender Fees: $1,050

$2,463 /mo

Next >

NMLS #2059741

6.548%

30-Year Fixed

6.490%

$2,412

Includes 0.603 points for $2,412

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1025894

6.597%

30-Year Fixed

6.490%

$4,460

Includes 0.940 points for $3,760

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.758%

30-Year Fixed

6.625%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #6606

6.823%

30-Year Fixed

6.740%

$3,392

Includes 0.848 points for $3,392

Lender Fees: $0

$2,592 /mo

Next >

NMLS #401822

7.764%

15-Year Fixed

7.500%

$6,500

Includes 0.625 points for $2,500

Lender Fees: $4,000

$3,709 /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.

Mortgage rates today on 15 year conforming loans were unchanged at 2.86 percent for the week ending September 6, 2012. Average mortgage discount points on 15 year loans were at 0.6 points. As with 30 year mortgage rates you can find mortgage rates today on 15 year loans below the average.

Right now on our 15 year refinance rates list in the state of Florida there is one lender offering 15 year mortgage refinance rates at 2.38 percent. Aimloan.com is listed as offering 15 year Florida refinance rates at 2.38 percent with 1.512 mortgage points. The lowest refinance rates without points is at 2.75 percent. There are several lenders offering 15 year refi rates in Florida with no points on our rate list.

Today's mortgage rates on both 5 year and 1 year adjustable conforming loans are lower in Freddie's survey. Average 5 year adjustable mortgage rates were at 2.75 percent with 0.7 mortgage points for the week ending September 6, 2012, down from the prior week's average of 2.78 percent. Current 1 year adjustable mortgage rates are at 2.61 percent with 0.4 points, down from an average 1 year adjustable mortgage rate of 2.63 percent.

There are lenders offering refinance rates today on our 5 year adjustable refinance rate list in California below the average rate. The best California refinance rates are at 1.88 percent with points. Integrity First is offering 5 year adjustable refi rates in California at 1.88 percent with 2.00 points and Amerisave is offering 5 year adjustable refinancing rates at 1.88 percent with 1.823 points. If you don't want to pay points the lowest rate is at 2.50 percent, several lenders are offering rates at 2.50 percent with no points.