Mortgage rates are hovering just above historic lows this past week. 30 year mortgage rates have stayed under 5.00 percent for eight consecutive weeks. The last time 30 year mortgage rates were above 5.00 percent was on May 3, 2010 when rates were averaging 5.03 percent. Mortgage rates have been slowly drifting lower since May 3 but the declines accelerated when the sovereign government debt crisis in Europe started a few weeks ago. Weaker U.S. employment reports also drove mortgage rates lower.

Use our mortgage rates table at MortgageRates.MonitorBankRates.com to find mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.

The future direction of mortgage rates will undoubtedly be higher. As the economic recovery gains traction interest rates will head higher. Another factor that will drive interest rates higher is China hinted over the weekend that it would allow a gradual rise in the value of the renminbi. As a result, the Chinese Currency rose to its highest level in almost two years. A stronger renminbi will increase the purchasing power of the average Chinese consumer, raising demand for goods the world over.

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 #1085173

4.767%

15-Year Fixed

4.625%

$3,870

Includes 0.625 points for $2,500

Lender Fees: $1,370

$3,086 /mo

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NMLS #2664723

License: 2664723

4.777%

15-Year Fixed

4.625%

$4,128

Includes 0.750 points for $3,000

Lender Fees: $1,128

$3,086 /mo

Next >

NMLS #324599

License: 324599

4.881%

15-Year Fixed

4.750%

$3,570

Includes 0.625 points for $2,500

Lender Fees: $1,070

$3,112 /mo

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NMLS #6606

5.140%

15-Year Fixed

4.990%

$3,952

Includes 0.988 points for $3,952

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.177%

15-Year Fixed

5.000%

$4,692

Includes 0.998 points for $3,992

Lender Fees: $700

$3,164 /mo

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NMLS #1085173

5.586%

30-Year Fixed

5.500%

$3,870

Includes 0.625 points for $2,500

Lender Fees: $1,370

$2,272 /mo

Next >

NMLS #2664723

License: 2664723

5.591%

30-Year Fixed

5.500%

$4,128

Includes 0.750 points for $3,000

Lender Fees: $1,128

$2,272 /mo

Next >

NMLS #324599

License: 324599

5.727%

30-Year Fixed

5.625%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$2,303 /mo

Next >

NMLS #1085173

5.859%

5-Year ARM

5.750%

$4,854

Includes 0.871 points for $3,484

Lender Fees: $1,370

$2,335 /mo

Next >

NMLS #2664723

License: 2664723

5.865%

5-Year ARM

5.750%

$5,088

Includes 0.990 points for $3,960

Lender Fees: $1,128

$2,335 /mo

Next >

NMLS #6606

5.966%

30-Year Fixed

5.875%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.972%

30-Year Fixed

5.875%

$4,192

Includes 0.873 points for $3,492

Lender Fees: $700

$2,367 /mo

Next >

NMLS #324599

License: 324599

6.227%

5-Year ARM

6.125%

$4,442

Includes 0.843 points for $3,372

Lender Fees: $1,070

$2,431 /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.

Home Mortgage Rates

Current 30 year fixed mortgage rates are averaging 4.76 percent, up fractionally from last week’s average 30 year mortgage rate of 4.765 percent. The current average 30 year mortgage refinancing rate is also slightly higher this week at 4.76 percent.

15 year fixed mortgage rates are averaging 4.25 percent this week, unchanged from the prior week's average 15 year mortgage rate. 15 year refinance mortgage loan rates are averaging 4.25 percent.

Jumbo Mortgage Rates Today

30 year jumbo mortgage rates today are averaging 5.40 percent, down from an average jumbo mortgage loan rate of 5.43 percent. Current 30 year jumbo refinance rates are also averaging 5.40 percent this week.

Current 15 year jumbo mortgage loan rates are averaging 4.85 percent, a decline from an average jumbo mortgage rate of 4.89 percent last week. 15 year jumbo mortgage refinance rates are also lower this week, averaging 4.85 percent.

Conforming Adjustable Mortgage Rates

• Today's 1 year adjustable mortgage rates are averaging 3.71 percent, unchanged from last week's average 1 year adjustable interest mortgage rate. 1 year adjustable refinance mortgage interest rates are currently averaging 3.71, unchanged from last week's average refinance rate.
• 3 year adjustable mortgage rates are averaging 4.36 percent, an increase from last week's average mortgage rate of 4.32 percent. 3 year mortgage refinance rates are also higher this week averaging 4.36 percent.
• 5 year adjustable mortgage interest rates are averaging 3.67 percent, a decline from last week's average home loan rate of 3.75 percent. 5 year refinance home mortgage rates are averaging 3.67 percent this week.
• 7 year adjustable mortgage rates are averaging 4.13 percent this week, down from the previous week’s average 7 year home mortgage rate of 4.15 percent. 7 year mortgage refinance rates today are also averaging 4.13 percent.
• 10 year adjustable mortgage loan rates are averaging 4.46 percent this week, slightly higher from last week's average 10 year adjustable mortgage rate of 4.45 percent. Today's 10 year home loan mortgage refinance rates are also higher, averaging 4.46 percent.

Jumbo Adjustable Mortgage Rates

• Current 1 year jumbo adjustable mortgage interest rates are averaging 5.95 percent, unchanged from last week’s average 1 year adjustable jumbo mortgage rate. Current 1 year jumbo refinance mortgage rates are also averaging 5.95 percent.
• 3 year jumbo adjustable  mortgage rates are averaging 4.74 percent, down 20 basis points from last week's average jumbo bank mortgage rate of 4.94 percent. 3 year bank jumbo mortgage refinance rates are also lower averaging 4.74 percent.
• Currently, 5 year jumbo adjustable mortgage rates are averaging 4.16 percent, a decline from last week’s average mortgage rate of 4.24 percent. 5 year jumbo home refinance loan rates are averaging 4.16 percent.
• 7 year jumbo adjustable mortgage interest rates are averaging 4.86 percent, down from last week’s average 7 year home loan rate of 4.98 percent. 7 year jumbo refinance rates are also down to 4.86 percent.
• 10 year jumbo home mortgage rates today are averaging 5.60 percent, up from an average 10 year jumbo home mortgage rate of 5.58 percent last week. Current 10 year jumbo home loan refinance rates are also averaging 5.60 percent this week.

Interest Only Conforming Mortgage Rates

• 3 year interest only mortgage rates today are averaging 4.54 percent, an increase from the prior week’s average interest only mortgage loan rate of 4.51 percent.
• Current 5 year conventional interest only mortgage loans today are averaging 3.86 percent, a decrease from last week’s average five year interest only mortgage loan rate of 4.88 percent.
• 7 year interest only home mortgage rates today are averaging 4.30 percent, an increase from an average mortgage rate of 4.37 percent last week.

Jumbo Interest Only Mortgage Rates

• 3 year jumbo interest only loan mortgage rates are averaging 5.60 percent this week, up from an average jumbo interest only mortgage rate of 5.51 percent last week.
• 5 year jumbo interest only home loan rates are averaging 4.81 percent, down slightly from an average IO home mortgage rate of 4.82 percent.
• Current 7 year jumbo interest-only mortgage loan rates are averaging 5.18 percent, a decrease from an average jumbo 7 year home mortgage rate of 5.30 percent last week.

Home Equity Loan Rates

• 10 year home equity loan rates are averaging 7.139 percent, unchanged from last week’s average home equity loan rate.
• 15 year home equity rates are averaging 7.446 percent this week, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates

The current average home equity line of credit rates (HELOC) are averaging 4.777 percent this week, unchanged from last week’s average HELOC rate.