Mortgage Rates – Current Mortgage Rates

Mortgage rates are were mostly down this past week, staying above near record lows of the past couple of months. 30-year fixed jumbo mortgage rates fell below 6.00 percent this week and conforming 30-year mortgage rates are nearing 5.00 percent.

Lower bond yields also drove mortgage rates lower  this past week. Current 10-year bond yields are at 3.44 percent, yields hit a recent low of 3.29 percent on September 2, 2009. 

Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find current mortgage rates here

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 #1835285

5.440%

15-Year Fixed

5.250%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,216 /mo

Next >

NMLS #2059741

5.606%

15-Year Fixed

5.490%

$3,032

Includes 0.758 points for $3,032

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1025894

5.650%

15-Year Fixed

5.490%

$4,172

Includes 0.868 points for $3,472

Lender Fees: $700

$3,267 /mo

Next >

NMLS #1312186

5.652%

15-Year Fixed

5.500%

$3,968

Includes 0.992 points for $3,968

Lender Fees: $0

$3,269 /mo

Next >

NMLS #324599

License: 324599

5.673%

15-Year Fixed

5.500%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$3,269 /mo

Next >

NMLS #6606

5.773%

15-Year Fixed

5.625%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1835285

6.262%

5-Year ARM

6.125%

$5,860

Includes 0.965 points for $3,860

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.356%

30-Year Fixed

6.250%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$2,463 /mo

Next >

NMLS #324599

License: 324599

6.494%

30-Year Fixed

6.375%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$2,496 /mo

Next >

NMLS #2059741

6.569%

30-Year Fixed

6.490%

$3,292

Includes 0.823 points for $3,292

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1312186

6.596%

30-Year Fixed

6.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1025894

6.600%

30-Year Fixed

6.490%

$4,592

Includes 0.973 points for $3,892

Lender Fees: $700

$2,526 /mo

Next >

NMLS #6606

6.714%

30-Year Fixed

6.625%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$2,562 /mo

Next >

NMLS #401822

6.734%

30-Year Fixed

6.625%

$4,495

Includes 0.625 points for $2,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #324599

License: 324599

6.743%

5-Year ARM

6.625%

$4,954

Includes 0.971 points for $3,884

Lender Fees: $1,070

$2,562 /mo

Next >

NMLS #1312186

6.968%

5-Year ARM

6.875%

$3,804

Includes 0.951 points for $3,804

Lender Fees: $0

$2,628 /mo

Next >

NMLS #401822

7.698%

15-Year Fixed

7.375%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,680 /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.

Today's low mortgage rates are driving home sales higher, pending home sales rose for the sixth straight month in July according to the National Association of Realtors. Current mortgage rates are also keeping homes affordable, bringing home buyers back to the market and spurring home sales.

Current Mortgage Rates

Current 30-year fixed mortgage rates are closing in on 5.00 percent again, current rates are down to 5.16 percent, a decline from last week's average mortgage rate of 5.24 percent. Today's average 30-year jumbo mortgage rates are under 6.00 percent at 5.94 percent, down from the prior week's average rate of 6.03 percent. Last week  in Freddie Mac's Primary Mortgage Market Survey 30-year mortgage rates were  at 5.08 percent

Conventional 15-year fixed rate mortgages are headed back down to the 4.50 percent range. Current 15-year mortgage rates are averaging 4.58 percent this week, down from the prior week's average rate of 4.69 percent. 15-year jumbo mortgage rates are averaging 5.71 percent this week, up from the prior week's average rate of 5.65 percent.

Adjustable rate mortgages were down for the most part this week. One-year conforming adjustable mortgage rates are down to 4.43 percent this week, down from the prior week's average rate of 4.47 percent. One-year jumbo adjustable rate mortgages are down to 5.06 percent this week, down from the prior week's average rate of 5.23 percent.

3/1 conforming adjustable mortgage rates are at 4.64 percent, up from the prior week's average rate of 4.56 percent. Jumbo 5/1 ARMs are averaging 5.33 percent this week, down from the prior week's average mortgage rate of 5.46 percent.

The average rate for a 5/1 conforming ARM is at 4.30 percent, down from last week's average rate of 4.39 percent. Jumbo 5/1 ARMs are averaging 5.17 percent, down from the prior week's average mortgage loan rate of 5.24 percent.

7/1 conventional adjustable rate mortgages are averaging 4.72 percent this week, down from the previous week's average rate of 4.76 percent. Jumbo 7/1 ARMs are averaging 5.76 percent this week, a big drop from last week's average rate of 5.93 percent.

The average mortgage rate for a 10/1 conventional ARM is at 5.15 percent this week, down from last week's average rate of 5.20 percent. 10/1 jumbo ARMs are also down this week, today's rate is 6.09 percent, down from the prior week's average rate of 6.26 percent.

Home equity line of credit rates are unchanged at 4.683 percent this week. 10-year home equity loans are unchanged at 7.683 percent this week and 15-year home equity loan rates are unchanged at 7.691 percent this week.