Current Mortgage Rates Low This Week

Current mortgage rates stayed low this week in the most recent survey released today even though the future economic outlook is a lot brighter and 10-year U.S. Treasury rates have risen to 3.75 percent.

Mortgage interest rates will rise when the economy recovers and the Fed starts raising interest rates.

Mortgage Rates

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 MRC'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

4.930%

15-Year Fixed

4.750%

$4,803

Includes 0.927 points for $3,708

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #1105497

License: 603L227

4.961%

15-Year Fixed

4.750%

$5,625

Includes 1.000 points for $4,000

Lender Fees: $1,625

$3,112 /mo

Next >

NMLS #324599

License: 324599

5.026%

15-Year Fixed

4.875%

$4,070

Includes 0.750 points for $3,000

Lender Fees: $1,070

$3,138 /mo

Next >

NMLS #757416

5.106%

15-Year Fixed

4.990%

$3,060

Includes 0.765 points for $3,060

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.175%

15-Year Fixed

5.000%

$4,628

Includes 0.982 points for $3,928

Lender Fees: $700

$3,164 /mo

Next >

NMLS #613839

5.183%

15-Year Fixed

4.990%

$5,099

Includes 0.803 points for $3,212

Lender Fees: $1,887

$3,162 /mo

Next >

NMLS #2473786

5.340%

5-Year ARM

5.250%

$4,059

Includes 0.741 points for $2,964

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.418%

15-Year Fixed

5.250%

$4,463

Includes 0.839 points for $3,356

Lender Fees: $1,107

$3,216 /mo

Next >

NMLS #613839

5.721%

30-Year Fixed

5.625%

$4,219

Includes 0.583 points for $2,332

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #2473786

5.838%

30-Year Fixed

5.750%

$3,843

Includes 0.687 points for $2,748

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #324599

License: 324599

5.853%

30-Year Fixed

5.750%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$2,335 /mo

Next >

NMLS #1105497

License: 603L227

5.856%

30-Year Fixed

5.750%

$4,625

Includes 0.750 points for $3,000

Lender Fees: $1,625

$2,335 /mo

Next >

NMLS #2561451

5.872%

30-Year Fixed

5.750%

$5,446

Includes 0.916 points for $3,664

Lender Fees: $1,782

$2,335 /mo

Next >

NMLS #757416

5.936%

30-Year Fixed

5.875%

$2,664

Includes 0.666 points for $2,664

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.959%

30-Year Fixed

5.875%

$3,620

Includes 0.730 points for $2,920

Lender Fees: $700

$2,367 /mo

Next >

NMLS #399799

6.106%

30-Year Fixed

6.000%

$4,703

Includes 0.844 points for $3,376

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.222%

30-Year Fixed

6.125%

$4,183

Includes 0.769 points for $3,076

Lender Fees: $1,107

$2,431 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.357%

5-Year ARM

6.250%

$4,595

Includes 0.872 points for $3,488

Lender Fees: $1,107

$2,463 /mo

Next >

NMLS #324599

License: 324599

6.367%

5-Year ARM

6.250%

$5,042

Includes 0.993 points for $3,972

Lender Fees: $1,070

$2,463 /mo

Next >

NMLS #1105497

License: 603L227

6.370%

5-Year ARM

6.250%

$5,058

Includes 0.872 points for $3,488

Lender Fees: $1,570

$2,463 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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 mortgage rates are not much higher than home mortgage rates last month. The average mortgage rate on a conforming 30-year mortgage is at 5.22 percent with an average point of 0.6 for the weekending today.  Down from the prior week's average conforming 30-year mortgage rate of 5.25 percent according to the latest Primary Mortgage Market Survey released by Freddie Mac.

The average rate on a conforming 15-year mortgage was also down the weekending August 6, 2009. Conforming 15-year mortgage rates are at 4.63 percent with an average 0.6 point, down from the previous week's average 15-year mortgage rate of 4.69 percent.

Adjustable Mortgage Rates

Adjustable rate mortgages were down this week, the average rate on a one-year adjustable mortgage is at 4.78 percent with an average 0.5 point, down from last week's average one-year home mortgage rate of 4.80 percent.

Five-year adjustable mortgage loan rates are down to 4.73 percent with average points of 0.6 for the weekending August 6, 2009. Down from the prior week's average home mortgage rate of 4.75 percent.

Jumbo Mortgage Rates

Freddie Mac’s weekly survey doesn't include jumbo mortgage rates because Freddie only reports on conforming mortgages.

MonitorBankRates.com has free jumbo mortgage rate tables and conforming mortgage rate tables in your zip code.

Current Mortgage Rates