Mortgage Rates Fall – Average 30 Year Mortgage Rates Today at 3.74 Percent

Mortgage rates are lower this week, continuing the downtrend for 2015. Average 30 year conforming mortgage rates today are at 3.74 percent, a decline from last week's average of 3.84 percent. Mortgage rates were predicted to move higher in 2015, following 10 year U.S. Treasury yields higher, but just the opposite has happened.

In early March, 10 year bond yields hit a high of 2.25 percent and were set to move even higher on strong economic growth. Since that time, 10 year yields have fallen 40 basis points, to Friday's close of 1.83 percent. The fall in yields accelerated on Friday when a disappointing jobs number for March was released.

Mortgage rates also declined since early March, but not as much as 10 year bond yields. At the beginning of March, average 30 year rates were at 3.94 percent, only 20 basis points higher than the current average rate. The down pressure on bond yields and rates will continue into April if any more weak economic news is released.

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 #1981224

4.924%

15-Year Fixed

4.625%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,086 /mo

Next >

NMLS #1283930

License: 01970483

5.445%

15-Year Fixed

5.250%

$5,125

Includes 1.000 points for $4,000

Lender Fees: $1,125

$3,216 /mo

Next >

NMLS #1838

5.455%

15-Year Fixed

5.250%

$5,395

Includes 0.974 points for $3,896

Lender Fees: $1,499

$3,216 /mo

Next >

NMLS #1025894

5.548%

15-Year Fixed

5.375%

$4,512

Includes 0.953 points for $3,812

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1981224

5.921%

30-Year Fixed

5.750%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$2,335 /mo

Next >

NMLS #401822

6.039%

15-Year Fixed

5.750%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #3030

6.146%

15-Year Fixed

5.990%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,374 /mo

Next >

NMLS #1838

6.231%

30-Year Fixed

6.125%

$4,535

Includes 0.759 points for $3,036

Lender Fees: $1,499

$2,431 /mo

Next >

NMLS #401822

6.289%

30-Year Fixed

6.125%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$2,431 /mo

Next >

NMLS #1283930

License: 01970483

6.347%

30-Year Fixed

6.250%

$4,125

Includes 0.750 points for $3,000

Lender Fees: $1,125

$2,463 /mo

Next >

NMLS #1025894

6.477%

30-Year Fixed

6.375%

$4,284

Includes 0.896 points for $3,584

Lender Fees: $700

$2,496 /mo

Next >

NMLS #1981224

6.533%

5-Year ARM

6.375%

$6,740

Includes 0.915 points for $3,660

Lender Fees: $3,080

$2,496 /mo

Next >

NMLS #3030

6.949%

30-Year Fixed

6.875%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,628 /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.

We could possibly see average 30 year mortgage rates fall below the all‑time record low of 3.35 percent set in May 2013. Right now on our rate table, you can find some lenders quoting 30 year refinance rates with points just below 3.50 percent.

Current mortgage rates on 15 year conforming loans are averaging 2.94 percent, a decline from the prior week's average rate of 3.06 percent. The last time average 15 year rates were below 3.00 percent was back in early February when rates fell to 2.98 percent.

If you're willing to pay points on a loan, you can find lenders quoting rates below the average rate. The best 15 year refinance rates available on the rate table are just below the average rate at 2.75 percent with 0.50 points. The best refi rate without points on the table is at 2.875 percent, slightly below the current average rate.

30 year jumbo mortgage rates today are averaging 3.93 percent, down from the previous week's average jumbo rate of 4.10 percent. The lowest 30 year jumbo refinancing rates right now are much lower at 3.625 percent with 1.25 mortgage points. The lowest 30 year jumbo rate without points is still below the average at 3.75 percent.

Today's mortgage rates on 15 year jumbo loans are averaging 3.52 percent, down sharply from last week's rate of 4.07 percent. The lowest 15 year jumbo refi rates on our rate table are also much lower at 2.75 percent with 1.125 points. The lowest rate without points is at 2.99 percent.

Average 5 year conforming adjustable rates are at 3.03 percent, down from last week's average rate of 3.14 percent. The lowest 5 year ARMS available on the rate table are at 2.375 percent with 1.5 points and at 2.625 percent with zero points.