Mortgage Rates Move Slightly Higher

Mortgage rates moved slightly higher this week but are not much higher from all-time lows. 30-year mortgage rates are currently averaging 3.69 percent, up from the prior week's average 30-year rate of 3.68 percent. If you're looking for a mortgage to purchase a home or refinance an existing loan, you can easily find 30-year mortgage rates below the average of 3.69 percent. For example, right now on our mortgage rate tables there are lenders quoting 30-year mortgage rates at 3.00 percent.

Average Conforming Mortgage 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 #1067
5.514%
15-Year Fixed
5.375%
$3,624
Includes 0.906 points for $3,624
Lender Fees: $0
$3,242 /mo
Next >

NMLS #401822
5.516%
15-Year Fixed
5.250%
$7,000
Includes 0.750 points for $3,000
Lender Fees: $4,000
$3,216 /mo
Next >

NMLS #2578474
5.551%
15-Year Fixed
5.375%
$4,606
Includes 0.889 points for $3,556
Lender Fees: $1,050
$3,242 /mo
Next >

NMLS #2326098
License: 60DBO-181478
5.556%
15-Year Fixed
5.375%
$4,909
Includes 0.739 points for $2,956
Lender Fees: $1,953
$3,242 /mo
Next >

NMLS #757416
5.592%
15-Year Fixed
5.490%
$2,652
Includes 0.663 points for $2,652
Lender Fees: $0
$3,267 /mo
Next >

NMLS #1025894
5.627%
15-Year Fixed
5.490%
$3,572
Includes 0.718 points for $2,872
Lender Fees: $700
$3,267 /mo
Next >

NMLS #2578474
6.360%
30-Year Fixed
6.250%
$4,650
Includes 0.900 points for $3,600
Lender Fees: $1,050
$2,463 /mo
Next >

NMLS #757416
6.437%
30-Year Fixed
6.375%
$2,596
Includes 0.649 points for $2,596
Lender Fees: $0
$2,496 /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 #2326098
License: 60DBO-181478
6.501%
5-Year ARM
6.375%
$5,501
Includes 0.887 points for $3,548
Lender Fees: $1,953
$2,496 /mo
Next >

NMLS #2326098
License: 60DBO-181478
6.511%
30-Year Fixed
6.375%
$5,897
Includes 0.986 points for $3,944
Lender Fees: $1,953
$2,496 /mo
Next >

NMLS #1025894
6.569%
30-Year Fixed
6.490%
$3,296
Includes 0.649 points for $2,596
Lender Fees: $700
$2,526 /mo
Next >

NMLS #401822
6.620%
30-Year Fixed
6.500%
$4,995
Includes 0.750 points for $3,000
Lender Fees: $1,995
$2,529 /mo
Next >

NMLS #3030
6.764%
15-Year Fixed
6.625%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,512 /mo
Next >

NMLS #3030
7.350%
30-Year Fixed
7.250%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,729 /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.
• 30-year 3.69%, up 0.01%
• 15-year 3.19%, up 0.02%
• 5-year adjustable 3.66%, up 0.04%

Average Jumbo Mortgage Rates

• 30-year jumbo 3.73%, up 0.03%
• 15-year jumbo 3.23%, down 0.01%
• 5-year jumbo adjustable 3.72%, unchanged

Low Mortgage Rates Fueling Home Purchases

These near record low mortgage rates are enticing buyers into the market during the winter, which historically has been a slow time for home purchases. The Mortgage Bankers Association reported mortgage applications for new home purchases increased 35.3 percent compared from a year ago. Compared to December 2019, applications increased by 40 percent.

To get the best deal on a mortgage for a home purchase or refinancing a current loan search for and compare mortgage rates right here at MonitorBankRates.com.