Mortgage Rates: Current Mortgage Rates Back Above 5.00%

(//www.monitorbankrates.com/mortgages) Mortgage rates headed higher in the most recent Primary Mortgage Market Survey released by Freddie Mac. Current 30 year mortgage rates inched back above 5.00 percent to 5.05 percent, up from the prior week's mortgage survey that had 30 year mortgage rates at 4.84%.

Even though mortgage interest rates are back above 5.00 percent 30 year rates are still lower than last year when the average mortgage rate was 5.14 percent. Average mortgage discount points remained at 0.7 points in this week's mortgage survey.

15 year mortgage rates also increased this week, current mortgage rates are averaging 4.45 percent, up from last week's average mortgage rate of 4.37 percent. Average mortgage discount points remained the same at 0.6 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

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 #401822

5.535%

15-Year Fixed

5.250%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1025894

5.762%

15-Year Fixed

5.625%

$3,544

Includes 0.711 points for $2,844

Lender Fees: $700

$3,295 /mo

Next >

NMLS #1835285

6.128%

30-Year Fixed

6.000%

$5,500

Includes 0.875 points for $3,500

Lender Fees: $2,000

$2,399 /mo

Next >

NMLS #3030

6.407%

15-Year Fixed

6.250%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,430 /mo

Next >

NMLS #1025894

6.590%

30-Year Fixed

6.490%

$4,168

Includes 0.867 points for $3,468

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 #1835285

6.764%

5-Year ARM

6.625%

$5,780

Includes 0.945 points for $3,780

Lender Fees: $2,000

$2,562 /mo

Next >

NMLS #3030

7.187%

30-Year Fixed

7.125%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,695 /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.

5 year adjustable mortgage rates averaged 4.40 percent this week with an average 0.6 mortgage points, up from the prior week's mortgage rate of 4.37 percent.

1 year adjustable rate mortgages averaged 4.38 percent this week with an average point of 0.6, up from the prior week's average interest rate of 4.34 percent.

For a more extensive report on current mortgage rates, MonitorBankRates.com released its weekly mortgage report on Monday, which follows:

Today's Mortgage Interest Rates

Fixed Mortgage Rates - Conventional

30-year mortgage rates increased to 4.94 percent this week, up from the previous week’s average mortgage rate of 4.97 percent.

15-year mortgage interest rates were down slightly to 4.39 percent this week, down from last week’s average mortgage rate of 4.40 percent.

Fixed Jumbo Mortgage Rates

30-year jumbo mortgage rates are averaging 5.71% this week, down from the prior week’s mortgage interest rate of 5.73%.

15 year jumbo home loan rates are averaging 5.20% this week, up slightly from the last week’s home interest loan rate of 5.19%.

Conventional Adjustable Rate Mortgages

1-year adjustable mortgage rates are averaging at 4.23% this week, down  from the prior week when one year home loans were averaging 4.22%.

3-year adjustable rate mortgages are averaging 4.44%, up from last week’s average loan rate of 4.40%.

5-year adjustable mortgage interest rates are at 4.18 percent this week, down from the previous week’s average mortgage rate of 4.19%.

7-year adjustable home loans are averaging 4.68%, up from last week’s average loan rate of 4.57%.

The average 10-year ARM is at 5.01%, down from the previous week’s average home finance rate of 5.04%.

Jumbo Adjustable Rate Mortgages

1-year jumbo adjustable mortgage rates are averaging 5.56% this week, up from the prior week’s average mortgage finance interest rate of 5.53%.

The average 3-year jumbo ARM is at 5.51% this week, up from last week’s adjustable rate of 5.40%.

5-year jumbo ARMs are averaging 5.03% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.05%.

7-year jumbo ARMs are averaging 5.49% this week, down from last week’s average rate of 5.53 percent.

The average 10-year jumbo is at 6.05 percent, down from the prior week’s average 10-year mortgage rate of 6.06 percent.

Interest Only Loan Mortgage Rates (IO) - Conforming

3-year interest only mortgage rates are averaging 4.52 percent this week, down from last week’s average interest rate of 4.57%.

5-year interest only loans are averaging 4.29 percent this week, down from last week when five year interest only mortgages averaged 4.30%.

7-year IO loan rates are averaging 4.89 percent this week, up from last week’s average interest rate of 4.78%.

Interest Only Mortgage Rates - Jumbo

3-year jumbo interest only mortgages are averaging 5.68% this week, up from last week’s jumbo interest mortgage average rate of 5.52%.

5-year jumbo IO loan rates are averaging 5.43 percent, down from the prior week’s average IO mortgage rate of 5.45 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.87 percent, down from last week’s average jumbo rate of 5.90 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.332% this week, down from last week’s average equity home loan rate of 7.483%. 15 year home equity rates decreased to 7.411%, down from the prior week’s average equity loan rate of 7.611%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.900% this week, down from last week’s average HELOC rate of 4.902%.

Looking for today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Today’s Mortgage Rates