Mortgage Rates Hold Steady This Week

Mortgage rates held steady this past week after hitting a new low for 2019 just a few weeks ago. Average 30-year mortgage rates today increased to 3.65 percent last week, up from the prior week's average rate of 3.64 percent. Back in early September, average 30-year mortgage rates fell to a fresh low of 3.49 percent.

30-year mortgage rates started 2019 a lot higher around 4.50 percent. Forecasts were for 30-year rates to hit 5.00 percent by the end of 2019, but those forecasts will be revised down because rates have fallen about 100 basis points the past two months.

15-year mortgage rates are currently averaging 3.14 percent, a decline from the prior week's average 15-year rate of 3.16 percent. 15-year rates have gone down since the start of 2019 but the declines haven't been as much as 30-year rates. Back in January 2019, average 15-year rates were at 3.99 percent, only 85 basis points higher than current 15-year 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 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 #1835285

5.296%

15-Year Fixed

5.125%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$3,190 /mo

Next >

NMLS #2578474

5.370%

15-Year Fixed

5.250%

$3,150

Includes 0.525 points for $2,100

Lender Fees: $1,050

$3,216 /mo

Next >

NMLS #1067

5.486%

15-Year Fixed

5.375%

$2,888

Includes 0.722 points for $2,888

Lender Fees: $0

$3,242 /mo

Next >

NMLS #757416

5.513%

15-Year Fixed

5.375%

$3,616

Includes 0.904 points for $3,616

Lender Fees: $0

$3,242 /mo

Next >

NMLS #1025894

5.525%

15-Year Fixed

5.375%

$3,932

Includes 0.808 points for $3,232

Lender Fees: $700

$3,242 /mo

Next >

NMLS #6606

5.763%

15-Year Fixed

5.625%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$3,295 /mo

Next >

NMLS #401822

6.175%

15-Year Fixed

6.000%

$4,495

Includes 0.625 points for $2,500

Lender Fees: $1,995

$3,376 /mo

Next >

NMLS #1835285

6.259%

5-Year ARM

6.125%

$5,724

Includes 0.931 points for $3,724

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #1835285

6.266%

30-Year Fixed

6.125%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,431 /mo

Next >

NMLS #2578474

6.336%

30-Year Fixed

6.250%

$3,650

Includes 0.650 points for $2,600

Lender Fees: $1,050

$2,463 /mo

Next >

NMLS #1067

6.451%

30-Year Fixed

6.375%

$3,208

Includes 0.802 points for $3,208

Lender Fees: $0

$2,496 /mo

Next >

NMLS #757416

6.558%

30-Year Fixed

6.490%

$2,836

Includes 0.709 points for $2,836

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1025894

6.577%

30-Year Fixed

6.490%

$3,604

Includes 0.726 points for $2,904

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.632%

30-Year Fixed

6.500%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,529 /mo

Next >

NMLS #6606

6.717%

30-Year Fixed

6.625%

$3,828

Includes 0.957 points for $3,828

Lender Fees: $0

$2,562 /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.

The decline in mortgage rates the past two months has caused demand for home loans to spike. The Mortgage Bankers Association's Market Composite Index, a measure of mortgage loan application volume, increased 8.1 percent on a seasonally adjusted basis from one week earlier. The MBA's Refinance Index increased 14 percent from the prior week.

30-year jumbo mortgage rates had a big decline the past week, falling 10 basis points from 4.07 percent to 3.97 percent. Current mortgage rates on 15-year jumbo loans increased 1 basis point the past week from 3.81 percent to 3.82 percent.