Mortgage Rates – Current Mortgage Rates Nearing 5.00%

Mortgage rates have fluctuating in a tight range for the past month now. The change in the direction of current mortgage rates is happening on a weekly basis, fluctuating in a range of 5.50 percent and 5.00 percent.  

Today's mortgage rates are nearing 5.00 percent again according to a survey released today by the Mortgage Bankers Association.

Looking for Today's Mortgage Rates? Find Current Mortgage Rates in your Area Here: 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 #324599

License: 324599

5.045%

15-Year Fixed

4.875%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$3,138 /mo

Next >

NMLS #1025894

5.188%

15-Year Fixed

4.990%

$5,248

Includes 0.812 points for $3,248

Lender Fees: $2,000

$3,162 /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 #1025894

5.967%

30-Year Fixed

5.875%

$3,972

Includes 0.493 points for $1,972

Lender Fees: $2,000

$2,367 /mo

Next >

NMLS #324599

License: 324599

6.229%

5-Year ARM

6.125%

$4,506

Includes 0.859 points for $3,436

Lender Fees: $1,070

$2,431 /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.

Current Mortgage Rates

The change in the direction of mortgage interest rates is causing the MBA's mortgage refinance index to go swing up and down as well. This week's Refinance index increased 6.9 percent, last week when home mortgage rates were up, the index was down 7.2 percent. Currently, refinance mortgage rates are around 5.20 percent.

The average contract mortgage interest rate on a fixed rate 30-year mortgage is at 5.15 percent, down from 5.38 percent. The average discount points also decreased from 1.18 to 0.98.

Average contract mortgage rates on a 15-year  mortgage is once again nearing 4.50 percent. The average contract mortgage interest rate is at 4.52 percent, a decrease from 4.71 percent. Average points decreased to .93 from 1.20.

The average contract rate for a one-year adjustable mortgage rate had a slight decrease to 6.66 percent, down from 6.71 percent. Average discounts points also had a slight decrease to 0.07 from 0.08.

Find Jumbo Rate Mortgages in your Zip Code Here:  Jumbo Mortgage Rates