Mortgage Rates – Current Mortgage Rates Increase Slightly to 5.24%

Mortgage rates had a slight uptick in the most recent survey released this morning, reversing the recent trend of lower mortgage rates the past couple of weeks.

Even though there was an increase in current mortgage rates, mortgage application volume increased 7.5 percent on a seasonally adjusted basis from one week earlier according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey.

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Loan Type

Purchase Refinance with Cash out Refinance

State

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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 #2473786

4.926%

15-Year Fixed

4.750%

$4,687

Includes 0.898 points for $3,592

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #1085173

4.930%

15-Year Fixed

4.750%

$4,870

Includes 0.875 points for $3,500

Lender Fees: $1,370

$3,112 /mo

Next >

NMLS #1835285

4.988%

15-Year Fixed

4.875%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1105497

License: 603L227

5.049%

15-Year Fixed

4.875%

$4,625

Includes 0.750 points for $3,000

Lender Fees: $1,625

$3,138 /mo

Next >

NMLS #757416

5.111%

15-Year Fixed

4.990%

$3,184

Includes 0.796 points for $3,184

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1067

5.124%

15-Year Fixed

4.990%

$3,536

Includes 0.884 points for $3,536

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.180%

15-Year Fixed

4.990%

$5,075

Includes 0.992 points for $3,968

Lender Fees: $1,107

$3,162 /mo

Next >

NMLS #2473786

5.234%

5-Year ARM

5.125%

$4,931

Includes 0.959 points for $3,836

Lender Fees: $1,095

$2,178 /mo

Next >

NMLS #1312186

5.258%

15-Year Fixed

5.125%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,190 /mo

Next >

NMLS #2433973

5.290%

15-Year Fixed

5.125%

$4,465

Includes 0.625 points for $2,500

Lender Fees: $1,965

$3,190 /mo

Next >

NMLS #1835285

5.348%

5-Year ARM

5.250%

$4,395

Includes 0.974 points for $3,896

Lender Fees: $499

$2,209 /mo

Next >

NMLS #6606

5.399%

15-Year Fixed

5.250%

$3,904

Includes 0.976 points for $3,904

Lender Fees: $0

$3,216 /mo

Next >

NMLS #1025894

5.408%

15-Year Fixed

5.250%

$4,136

Includes 0.859 points for $3,436

Lender Fees: $700

$3,216 /mo

Next >

NMLS #1312186

5.699%

5-Year ARM

5.625%

$3,264

Includes 0.816 points for $3,264

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1835285

5.714%

30-Year Fixed

5.625%

$3,907

Includes 0.852 points for $3,408

Lender Fees: $499

$2,303 /mo

Next >

NMLS #1085173

5.730%

5-Year ARM

5.625%

$4,710

Includes 0.835 points for $3,340

Lender Fees: $1,370

$2,303 /mo

Next >

NMLS #2473786

5.841%

30-Year Fixed

5.750%

$3,971

Includes 0.719 points for $2,876

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #1085173

5.849%

30-Year Fixed

5.750%

$4,370

Includes 0.750 points for $3,000

Lender Fees: $1,370

$2,335 /mo

Next >

NMLS #2561451

5.855%

30-Year Fixed

5.750%

$4,570

Includes 0.955 points for $3,820

Lender Fees: $750

$2,335 /mo

Next >

NMLS #1105497

License: 603L227

5.879%

30-Year Fixed

5.750%

$5,625

Includes 1.000 points for $4,000

Lender Fees: $1,625

$2,335 /mo

Next >

NMLS #1067

5.936%

30-Year Fixed

5.875%

$2,644

Includes 0.661 points for $2,644

Lender Fees: $0

$2,367 /mo

Next >

NMLS #757416

5.939%

30-Year Fixed

5.875%

$2,780

Includes 0.695 points for $2,780

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.981%

5-Year ARM

5.875%

$4,647

Includes 0.885 points for $3,540

Lender Fees: $1,107

$2,367 /mo

Next >

NMLS #1105497

License: 603L227

5.993%

5-Year ARM

5.875%

$5,110

Includes 0.885 points for $3,540

Lender Fees: $1,570

$2,367 /mo

Next >

NMLS #2433973

5.999%

30-Year Fixed

5.875%

$5,465

Includes 0.875 points for $3,500

Lender Fees: $1,965

$2,367 /mo

Next >

NMLS #1312186

6.058%

30-Year Fixed

6.000%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.069%

30-Year Fixed

5.990%

$3,471

Includes 0.591 points for $2,364

Lender Fees: $1,107

$2,396 /mo

Next >

NMLS #6606

6.080%

30-Year Fixed

5.990%

$3,864

Includes 0.966 points for $3,864

Lender Fees: $0

$2,396 /mo

Next >

NMLS #1025894

6.087%

30-Year Fixed

5.990%

$4,172

Includes 0.868 points for $3,472

Lender Fees: $700

$2,396 /mo

Next >

NMLS #399799

6.098%

30-Year Fixed

6.000%

$4,360

Includes 0.758 points for $3,032

Lender Fees: $1,328

$2,399 /mo

Next >

NMLS #2433973

6.245%

5-Year ARM

6.125%

$5,213

Includes 0.812 points for $3,248

Lender Fees: $1,965

$2,431 /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.

Current Mortgage Rates

30-year fixed rate mortgages increased to 5.24 percent from 5.15 percent with points also increasing to 1.07 points from 0.98 points. Earlier this week MonitorBankRates.com reported 30-year mortgage rates decreasing to 5.22 percent from 5.33 percent. Last week Freddie Mac reported 30-year mortgage rates decreased to 5.12 percent from 5.29 percent.  Today's mortgage rates have been in a tight range of 5.00 percent to 5.50 percent.

The average contract rate for a 15-year fixed mortgage rate increased to 4.58 percent from 2.52 percent the previous week. The average discount points also increased to 1.18 points from .93 points the week prior. On Monday, MonitorBankRates.com reported 15-year mortgage rates were averaging 4.63 percent, down from last week's average rate of 4.75 percent.  Freddie has 15-year mortgage rates at 4.56 percent.

Adjustable rate mortgages were also according to the MBA, the current mortgage rate on a one-year ARM is 6.74 percent, up from the prior week's average contract mortgage rate of 6.66 percent.

Higher mortgage rates didn't put a damper on mortgage activity, the refinance index, a measure of mortgage refinancing, had an increase of 12.7 percent from one week earlier and the Purchase index had an increase of 1.0 from the previous week.

MonitorBankRates.com also reported on jumbo mortgage rates earlier this week. Here is the report taken from Monday's Weekly Mortgage Rates Survey.

Jumbo Mortgage Interest Rates

The average jumbo mortgage rate for a 30-year jumbo rose slightly this week to 6.14 percent, up from the prior week’s average rate of 6.12 percent. The average 30-year jumbo mortgage rate has also been in a tight range between 6.00 percent and 6.50 percent since May of this year. The average jumbo rate hit a high of 6.64 percent on June 15.

15-year jumbo fixed mortgage rates are down this week to 5.80 percent, down from the previous week’s average jumbo rate of 5.88 percent. The spread between 15-year jumbo mortgage rates and 15-year conforming mortgage rates is still over 1.00 percent, higher than the historical norm.