Mortgage rates fell again this week over last week. The current national average 30 year mortgage rate is at 4.60 percent. 30 year mortgage rates in the state of California are even lower. The current average 30 year mortgage rate for California is 4.58 percent. Mortgage rates are following bond yields lower. This past Friday, 10 year Treasury yields tumbled to 2.82 percent on news the economy continues to shed jobs.

For the second consecutive month the U.S. economy lost jobs because job gains from private employment couldn't offset the losses from government census workers who were let go. The U.S. Department of Labor released July employment numbers showing a loss of 131,000 jobs, and the unemployment rate was unchanged at 9.5 percent. Private sector employment increased by 71,000 jobs which was less than analysts expected.

The economy appears to be losing steam which is driving interest rates and mortgage rates to historic lows. It is hard to imagine mortgage rates will go much lower but we all thought rates couldn't go much lower and they have the past couple of months.

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 #2059741

4.764%

15-Year Fixed

4.625%

$3,708

Includes 0.927 points for $3,708

Lender Fees: $0

$3,086 /mo

Next >

NMLS #2473786

4.779%

15-Year Fixed

4.625%

$4,119

Includes 0.756 points for $3,024

Lender Fees: $1,095

$3,086 /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 #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 #2059741

5.573%

30-Year Fixed

5.490%

$3,700

Includes 0.925 points for $3,700

Lender Fees: $0

$2,269 /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 #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$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.

15 year national average mortgage rates are now below 4.00 percent averaging 3.95 percent this week. You can find 15 year mortgage rates lower than the national average rates. Right now, Wells Fargo Bank is advertising 15 year mortgage rates at 3.75 percent.

Mortgage Rates

Current 30 year mortgage rates are averaging 4.60 percent, down from the previous week’s average 30 year mortgage rate of 4.71 percent. 30 year refinance mortgage rates are also down this week averaging 4.60 percent.

15 year mortgage rates today are averaging 3.85 percent, down from last week’s average 15 year mortgage interest rate of 4.04 percent. Current 15 year mortgage refinance rates are also lower averaging 4.04 percent.

Jumbo Mortgage Rates

30 year jumbo mortgage rates are averaging 5.07 percent, down from last week’s average 30 year year jumbo mortgage rate of 5.30 percent. Current 30 year jumbo mortgage refinance rates are also down to 5.07 percent this week.

15 year jumbo mortgage rates are averaging 4.68 percent, a decline from the previous week’s average jumbo mortgage rate of 4.81 percent. 15 year jumbo refinance mortgage rates today are also down averaging 4.68 percent.

Conventional Adjustable Mortgage Rates

Current 1 year adjustable mortgage rates are averaging 3.19 percent, down  from last week’s average 1 year adjustable interest mortgage rate of 3.21. Today's 1 year conforming adjustable refinance mortgage interest rates are also down averaging 3.19 percent.

3 year adjustable mortgage rates are up slightly averaging 4.00 percent, up from the prior week’s average 3 year adjustable rate mortgage of 3.97 percent. Current 3 year mortgage refinance rates are also averaging 4.00 percent this week.

Today's 5 year adjustable mortgage interest rates are averaging 3.54 percent, down from the prior week’s average home loan rate of 3.55 percent. 5 year refinance home mortgage rates are averaging 3.54 percent.

7 year conventional adjustable mortgage rates are averaging 3.86 percent this week, down from the prior week’s average 7 year home mortgage rate of 3.96 percent. 7 year mortgage refinance rates are also lower averaging  3.86 percent.

Current 10 year adjustable mortgage rates are averaging 4.20 percent this week, a decline from the previous week’s average 10 year adjustable mortgage rate of 4.27 percent. 10 year home mortgage refinance rates are also lower this week averaging 4.20 percent.

Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable mortgage loan rates today are averaging 5.35 percent, no change from last week’s average 1 year jumbo adjustable mortgage rate. Today's 1 year jumbo refinance mortgage rates today are also averaging 5.35 percent.

3 year jumbo adjustable mortgage rates today are averaging 4.27 percent, up slightly from last week’s average jumbo interest mortgage rate of 4.26 percent.  3 year jumbo refinance mortgage rates are also averaging 4.27 percent.

5 year jumbo adjustable home mortgage rates are averaging 3.91 percent this week, down from last week’s average mortgage rate of 3.96 percent. Current 5 year jumbo mortgage refinance rates are also down to 3.91 percent this week.

Current 7 year jumbo adjustable mortgage rates current are averaging 4.55 percent, down from last week’s average 7 year home mortgage rate of 4.61 percent. Today's 7 year jumbo refinance mortgage rates are also lower averaging 4.55 percent.

10 year jumbo mortgage rates are averaging 5.07 percent, down from the previous week’s average 10 year jumbo home mortgage rates of 5.10 percent. 10 year jumbo home refinance interest rates are also down averaging 5.07 percent.

Conventional Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage rates are averaging 4.16 percent, unchanged from down from last week’s average interest only mortgage loan rate. 3 year interest only adjustable refinance mortgage rates are also unchanged averaging 4.16 percent.

5 year interest only adjustable mortgage rates are averaging 3.73 percent, down from last week’s average five year interest only mortgage loan rate of 3.81 percent. 5 year interest only adjustable refinance mortgage rates are also lower averaging 3.73percent.

7 year interest only home adjustable mortgage rates currently are averaging 4.04 percent, a decline from last week’s average 7 year interest-only mortgage interest rate of 4.12 percent. 7 year adjustable refinance rate mortgages are lower averaging 4.04 percent.

Interest Only Adjustable Mortgage Rates Jumbo

3 year jumbo interest only loan adjustable mortgage rates are averaging 4.63 percent, down from last week’s average jumbo adjustable interest only mortgage rate of 4.64 percent. Current  jumbo IO adjustable refinance rates are also down averaging 4.63 percent.

Today's 5 year adjustable jumbo interest only home loan rates are at 4.33 percent, up from an average IO home mortgage rate of 4.30 percent the previous week. 5 year jumbo adjustable IO loan rates are also averaging 4.33 percent.

7 year jumbo IO adjustable mortgage rates currently are averaging 4.90 percent, down from an average jumbo 7 year home mortgage rate of 4.95 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.9o percent.

Home Equity Loan Rates

Current 10 year home equity loan rates are averaging 7.115 percent, no change from last week’s average home equity loan rate.

15 year home equity rates today are averaging 7.433 percent this week, unchanged from last week’s average home equity loan rate.

Home Equity Line of Credit Rates

Today's average home equity line of credit rates (HELOC) are at 4.762 percent this week, no change from last week’s average HELOC rate.