Mortgage Rates Decline This Week – Average 30 Year Rates at 4.14 Percent

Average fixed mortgage rates are lower this week, following bond yields lower. 30 year mortgage rates fell from 4.22 percent last week to 4.14 percent this week. During the past week 10 year bond yields have fallen from 2.62 percent down to yesterday's close of 2.52 percent. This coming week we might see 10 year bond yields fall below 2.50 percent and 30 year rates fall below 4.10 percent.

Mortgage rates were forecasted to move higher in 2014 but the opposite has happened so far. The Mortgage Bankers Association predicts 30 year rates will head towards 5.00 percent by the end of the year. Since we are almost in the third quarter of 2014 and 30 year rates are closer to 4.00 percent, it's doubtful that the MBA's forecast is correct.

By the end of this year, 30 year rates will still be under 4.50 percent unless the economy really takes off and inflation increases above 2.00 percent. You can still find lenders quoting 30 year mortgage rates today below 4.00 percent. Checking on the rate tables, we see the lowest 30 year refinance rates are at 3.625 percent with 2 mortgage points and at 3.875 percent with no 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 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 #1835285

4.753%

15-Year Fixed

4.625%

$3,419

Includes 0.730 points for $2,920

Lender Fees: $499

$3,086 /mo

Next >

NMLS #2126430

4.764%

15-Year Fixed

4.625%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$3,086 /mo

Next >

NMLS #2473786

4.775%

15-Year Fixed

4.625%

$4,015

Includes 0.730 points for $2,920

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #1025894

4.874%

15-Year Fixed

4.750%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,112 /mo

Next >

NMLS #757416

4.898%

15-Year Fixed

4.750%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1954591

License: 60DBO-113383

4.918%

15-Year Fixed

4.750%

$4,539

Includes 0.858 points for $3,432

Lender Fees: $1,107

$3,112 /mo

Next >

NMLS #613839

4.953%

15-Year Fixed

4.750%

$5,407

Includes 0.880 points for $3,520

Lender Fees: $1,887

$3,112 /mo

Next >

NMLS #1835285

4.957%

5-Year ARM

4.875%

$3,779

Includes 0.820 points for $3,280

Lender Fees: $499

$2,117 /mo

Next >

NMLS #2473786

4.972%

5-Year ARM

4.875%

$4,451

Includes 0.839 points for $3,356

Lender Fees: $1,095

$2,117 /mo

Next >

NMLS #1067

4.978%

15-Year Fixed

4.875%

$2,732

Includes 0.683 points for $2,732

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2126430

4.983%

5-Year ARM

4.875%

$4,951

Includes 0.939 points for $3,756

Lender Fees: $1,195

$2,117 /mo

Next >

NMLS #6606

5.260%

15-Year Fixed

5.125%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,190 /mo

Next >

NMLS #1835285

5.343%

30-Year Fixed

5.250%

$4,171

Includes 0.918 points for $3,672

Lender Fees: $499

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.473%

5-Year ARM

5.375%

$4,423

Includes 0.829 points for $3,316

Lender Fees: $1,107

$2,240 /mo

Next >

NMLS #2126430

5.583%

30-Year Fixed

5.500%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$2,272 /mo

Next >

NMLS #2473786

5.587%

30-Year Fixed

5.490%

$4,295

Includes 0.800 points for $3,200

Lender Fees: $1,095

$2,269 /mo

Next >

NMLS #1025894

5.682%

30-Year Fixed

5.625%

$2,508

Includes 0.627 points for $2,508

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1067

5.686%

30-Year Fixed

5.625%

$2,684

Includes 0.671 points for $2,684

Lender Fees: $0

$2,303 /mo

Next >

NMLS #757416

5.696%

30-Year Fixed

5.625%

$3,120

Includes 0.780 points for $3,120

Lender Fees: $0

$2,303 /mo

Next >

NMLS #613839

5.726%

30-Year Fixed

5.625%

$4,447

Includes 0.640 points for $2,560

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.854%

30-Year Fixed

5.750%

$4,619

Includes 0.878 points for $3,512

Lender Fees: $1,107

$2,335 /mo

Next >

NMLS #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

5.970%

30-Year Fixed

5.875%

$4,284

Includes 0.739 points for $2,956

Lender Fees: $1,328

$2,367 /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.

Conventional 15 year mortgage rates today are averaging 3.21 percent, down from the prior week's average 15 year mortgage rate of 3.26 percent. The lowest current 15 year refinancing rates available are well below the average rate and below 3.00 percent. The lowest 15 year refi rate with points is at 2.625 percent with 1.1o mortgage points. The lowest 15 year rate without points is at still below 3.00 percent at 2.875 percent.

Current 30 year jumbo mortgage rates are averaging 4.50 percent, down considerably from last week's average 30 year jumbo rate of 4.75 percent. The best jumbo refinance rates available with points are well below the average at 3.875 percent with 2 mortgage points. The best jumbo refi rates without points are also below the average at 4.125 percent.

Today's mortgage rates on 15 year jumbo loans are averaging 4.11 percent, down from the previous week's average 15 year jumbo mortgage rate of 4.19 percent. Checking the rate tables, the best 15 year jumbo rates available are well below the average rate and below 4.00 percent. The lowest 15 year jumbo refi rates are at 3.25 percent with 1 mortgage point. The best 15 year rate without points is at 3.50 percent.

Adjustable mortgage rates today are mixed, conforming rates are higher while jumbo rates are lower. 5 year conforming adjustable mortgage rates are currently averaging 3.73 percent, up from last week's average 5 year adjustable rate of 3.61 percent. 5 year jumbo adjustable rates are averaging 3.44 percent, down from last week's average of 3.76 percent.

The best 5 year conforming adjustable rates available are much lower than the average at 2.25 percent with 1.10 points. The lowest rate without points is also well below the average at 2.265 percent. The best 5 year jumbo adjustable rates are averaging 2.50 percent with 0.75 points and at 2.65 percent with no points.