Mortgage Rates Return to All-Time Record Lows Today

Average mortgage rates today are back down to record lows in this week's Primary Mortgage Market Survey released by Freddie Mac. In the survey average 30 year conforming mortgage rates matched a record low set in July and average 15 year conforming mortgage rates hit a new record low for the week ending September 20, 2012. Current mortgage rates hit new lows on the heels of the Federal Reserve announcing another round of quantitative easing to drive interest rates and mortgage rates lower.

Average 30 year conventional mortgage interest rates matched an all-time record low of 3.49 percent with 0.6 mortgage points for the week ending September 20, 2012, down from the prior week's average 30 year mortgage rate of 3.55 percent. With the latest round of Fed easing of buying mortgage-backed securities and buying loan term bonds to drive down rates we would see average 30 year mortgage rates head down to the 3.25 percent range in the coming months.

There are lenders offering 30 year mortgage refinance rates well the average of 3.49 percent. Right now on our 30 year refinance rates list for the state of Ohio there are lenders offering 30 year refinance rates at 3.125 percent with points. If you prefer not to pay any points on a home loan you can still find 30 year refinance mortgage rates as low as 3.25 percent on our rate list in Ohio.

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 #2326098

License: 60DBO-181478

4.783%

15-Year Fixed

4.625%

$4,409

Includes 0.614 points for $2,456

Lender Fees: $1,953

$3,086 /mo

Next >

NMLS #1689962

License: 02053435

4.873%

15-Year Fixed

4.750%

$3,280

Includes 0.820 points for $3,280

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1025894

4.978%

15-Year Fixed

4.875%

$2,736

Includes 0.509 points for $2,036

Lender Fees: $700

$3,138 /mo

Next >

NMLS #3030

5.654%

15-Year Fixed

5.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,269 /mo

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NMLS #2326098

License: 60DBO-181478

5.726%

30-Year Fixed

5.625%

$4,637

Includes 0.671 points for $2,684

Lender Fees: $1,953

$2,303 /mo

Next >

NMLS #1689962

License: 02053435

5.829%

30-Year Fixed

5.750%

$3,432

Includes 0.858 points for $3,432

Lender Fees: $0

$2,335 /mo

Next >

NMLS #401822

5.905%

15-Year Fixed

5.750%

$4,000

Includes 0.000 points for $0

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #401822

5.933%

30-Year Fixed

5.750%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$2,335 /mo

Next >

NMLS #1025894

5.956%

30-Year Fixed

5.875%

$3,504

Includes 0.701 points for $2,804

Lender Fees: $700

$2,367 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.258%

5-Year ARM

6.125%

$5,853

Includes 0.975 points for $3,900

Lender Fees: $1,953

$2,431 /mo

Next >

NMLS #3030

6.458%

30-Year Fixed

6.375%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,496 /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.

Conventional 15 year mortgage rates hit a new record low of 2.77 percent with 0.6 mortgage points in Freddie Mac's survey for the week ending September 20, 2012. Average 15 year mortgage interest rates are down from the prior week's average of 2.85 percent.

There are lenders offering current mortgage rates below the average of 2.77 percent. Right now on our refinancing rates list for the state of Maryland you can find home loan lenders offering 15 year refi rates at 2.50 percent with points.Without points there are lenders offering 15 year rates at 2.625 percent.

Average adjustable mortgage rates were mixed in Freddie's mortgage survey this week. Average 5 year adjustable mortgage interest rates were up to 2.76 percent with 0.6 points, up from the prior week's average 5 year adjustable mortgage rate of 2.72 percent. Today's mortgage rates on 5 year conforming loans can be found as low as 1.88 percent on our rate tables. 1 year adjustable mortgage rates averaged 2.61 percent with 0.4 mortgage points, the same as the prior week's average rate.