Mortgage Rates May 27: Current 30 Year Mortgage Rates at 4.57%

Mortgage rates are lower today continuing the downtrend of the past two months. Fixed conforming 30 year mortgage rates are averaging 4.57%, down from yesterday's average 30 year rate of 4.62% as reported by MonitorBankRates.com.

Current mortgage rates are so low you would think the housing market would be better off  than it actually is. Home prices are still depressed and still declining in many markets.

I just read an interesting article from Diana Olick of CNBC's Realty Check that mentions several different factors that is keeping home sales depressed. Diana says  "Credit, or lack thereof, coupled with extremely weak consumer confidence is keeping potential buyers on the fence."

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Home Simply
NMLS #2473786
4.914%
15-Year Fixed
4.750%
$4,379
Includes 0.821 points for $3,284
Lender Fees: $1,095
$3,112 /mo
Future First Lending
NMLS #2126430
4.941%
15-Year Fixed
4.750%
$5,195
Includes 0.975 points for $3,900
Lender Fees: $1,295
$3,112 /mo
iheartloan
NMLS #2562839
4.942%
15-Year Fixed
4.750%
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$3,112 /mo
LifeStone Mortgage
NMLS #1085173
5.037%
15-Year Fixed
4.875%
$4,370
Includes 0.750 points for $3,000
Lender Fees: $1,370
$3,138 /mo
Statewide Funding
NMLS #1105497
License: 603L227
5.087%
15-Year Fixed
4.875%
$5,625
Includes 1.000 points for $4,000
Lender Fees: $1,625
$3,138 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.094%
15-Year Fixed
4.990%
$2,744
Includes 0.686 points for $2,744
Lender Fees: $0
$3,162 /mo
Bison State Bank
NMLS #757416
5.129%
15-Year Fixed
4.990%
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$3,162 /mo
Different Mortgage
NMLS #324599
License: 324599
5.189%
15-Year Fixed
5.000%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$3,164 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
5.292%
15-Year Fixed
5.125%
$4,455
Includes 0.837 points for $3,348
Lender Fees: $1,107
$3,190 /mo
Future First Lending
NMLS #2126430
5.365%
5-Year ARM
5.250%
$5,259
Includes 0.991 points for $3,964
Lender Fees: $1,295
$2,209 /mo
Zoom Loans
NMLS #1312186
5.365%
15-Year Fixed
5.250%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,216 /mo
New American Funding, LLC.
NMLS #6606
5.400%
15-Year Fixed
5.250%
$3,928
Includes 0.982 points for $3,928
Lender Fees: $0
$3,216 /mo
Home Simply
NMLS #2473786
5.463%
5-Year ARM
5.375%
$3,947
Includes 0.713 points for $2,852
Lender Fees: $1,095
$2,240 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.502%
15-Year Fixed
5.375%
$3,328
Includes 0.657 points for $2,628
Lender Fees: $700
$3,242 /mo
iheartloan
NMLS #2562839
5.847%
5-Year ARM
5.750%
$4,213
Includes 0.772 points for $3,088
Lender Fees: $1,125
$2,335 /mo
LifeStone Mortgage
NMLS #1085173
5.862%
5-Year ARM
5.750%
$4,958
Includes 0.897 points for $3,588
Lender Fees: $1,370
$2,335 /mo
Home Simply
NMLS #2473786
5.944%
30-Year Fixed
5.875%
$3,007
Includes 0.478 points for $1,912
Lender Fees: $1,095
$2,367 /mo
Future First Lending
NMLS #2126430
5.946%
30-Year Fixed
5.875%
$3,195
Includes 0.475 points for $1,900
Lender Fees: $1,295
$2,367 /mo
iheartloan
NMLS #2562839
5.947%
30-Year Fixed
5.875%
$3,125
Includes 0.500 points for $2,000
Lender Fees: $1,125
$2,367 /mo
Zoom Loans
NMLS #1312186
5.958%
5-Year ARM
5.875%
$3,596
Includes 0.899 points for $3,596
Lender Fees: $0
$2,367 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.960%
30-Year Fixed
5.875%
$3,696
Includes 0.924 points for $3,696
Lender Fees: $0
$2,367 /mo
LifeStone Mortgage
NMLS #1085173
5.963%
30-Year Fixed
5.875%
$3,870
Includes 0.625 points for $2,500
Lender Fees: $1,370
$2,367 /mo
Bison State Bank
NMLS #757416
5.966%
30-Year Fixed
5.875%
$3,916
Includes 0.979 points for $3,916
Lender Fees: $0
$2,367 /mo
Different Mortgage
NMLS #324599
License: 324599
5.990%
30-Year Fixed
5.875%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,367 /mo
Statewide Funding
NMLS #1105497
License: 603L227
5.993%
30-Year Fixed
5.875%
$5,125
Includes 0.875 points for $3,500
Lender Fees: $1,625
$2,367 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.087%
5-Year ARM
5.990%
$4,219
Includes 0.778 points for $3,112
Lender Fees: $1,107
$2,396 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.097%
30-Year Fixed
5.990%
$4,655
Includes 0.887 points for $3,548
Lender Fees: $1,107
$2,396 /mo
Different Mortgage
NMLS #324599
License: 324599
6.097%
5-Year ARM
5.990%
$4,682
Includes 0.903 points for $3,612
Lender Fees: $1,070
$2,396 /mo
Statewide Funding
NMLS #1105497
License: 603L227
6.099%
5-Year ARM
5.990%
$4,682
Includes 0.778 points for $3,112
Lender Fees: $1,570
$2,396 /mo
Zoom Loans
NMLS #1312186
6.207%
30-Year Fixed
6.125%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,431 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.212%
30-Year Fixed
6.125%
$3,716
Includes 0.754 points for $3,016
Lender Fees: $700
$2,431 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.214%
30-Year Fixed
6.125%
$3,943
Includes 0.654 points for $2,616
Lender Fees: $1,327
$2,431 /mo
New American Funding, LLC.
NMLS #6606
6.329%
30-Year Fixed
6.240%
$3,792
Includes 0.948 points for $3,792
Lender Fees: $0
$2,461 /mo
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.

Other average mortgage rates today are also lower. Fixed 15 year conforming mortgage rates are averaging 3.83%, down from yesterday's average 15 year mortgage rate of 3.87%

30 year jumbo mortgage rates are averaging 5.12 percent, down from yesterday's average jumbo mortgage rate of 5.18%. 15 year jumbo rates are down to 4.38%, down from yesterday's average of 4.41%.

You can find today's mortgage rates and refinance rates by searching our rate tables at MortgageRates.MonitorBankRates.com. No personal information is needed to display rates.

 
Author: Brian McKay
May 27th, 2011

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