Mortgage Rates Today Decline: 30 Year Jumbo Mortgage Rates Under 4.00%

The total number of mortgage applications increased 17 percent in this week as mortgage rates hit more record lows, the Mortgage Bankers Association said today. In the MBA's weekly survey 30 year conforming mortgage rates, 30 year jumbo mortgage rates and 30 year FHA mortgage rates all hit record lows in the survey. Fixed conforming 15 year mortgage rates also hit record lows.

As rates decline demand for mortgages increases especially for refinancing loans. In this week's survey the Refinance Index, which measures refinance applications increased 22 percent and made up 80 percent of all mortgage loans. With refinance rates today at record lows millions of homeowners who are in a position to refinance are doing so.

Unfortunately there are millions more homeowners who can't refinance either because they don't have enough equity in their home or they can't meet tougher lending requirements.

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

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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

5.217%

15-Year Fixed

5.125%

$2,416

Includes 0.604 points for $2,416

Lender Fees: $0

$3,190 /mo

Next >

NMLS #2578474

5.427%

15-Year Fixed

5.250%

$4,646

Includes 0.899 points for $3,596

Lender Fees: $1,050

$3,216 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.432%

15-Year Fixed

5.250%

$4,949

Includes 0.749 points for $2,996

Lender Fees: $1,953

$3,216 /mo

Next >

NMLS #757416

5.493%

15-Year Fixed

5.375%

$3,092

Includes 0.773 points for $3,092

Lender Fees: $0

$3,242 /mo

Next >

NMLS #1025894

5.531%

15-Year Fixed

5.375%

$4,068

Includes 0.842 points for $3,368

Lender Fees: $700

$3,242 /mo

Next >

NMLS #401822

5.535%

15-Year Fixed

5.250%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1835285

6.081%

30-Year Fixed

6.000%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,399 /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 #1835285

6.337%

5-Year ARM

6.250%

$3,676

Includes 0.919 points for $3,676

Lender Fees: $0

$2,463 /mo

Next >

NMLS #757416

6.436%

30-Year Fixed

6.375%

$2,564

Includes 0.641 points for $2,564

Lender Fees: $0

$2,496 /mo

Next >

NMLS #1025894

6.462%

30-Year Fixed

6.375%

$3,676

Includes 0.744 points for $2,976

Lender Fees: $700

$2,496 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.475%

30-Year Fixed

6.375%

$4,401

Includes 0.612 points for $2,448

Lender Fees: $1,953

$2,496 /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 #2326098

License: 60DBO-181478

6.634%

5-Year ARM

6.500%

$5,793

Includes 0.960 points for $3,840

Lender Fees: $1,953

$2,529 /mo

Next >

NMLS #3030

7.015%

15-Year Fixed

6.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,568 /mo

Next >

NMLS #3030

7.476%

30-Year Fixed

7.375%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,763 /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 Purchase index declined 0.1 percent from one week earlier. Although mortgage rates today are at record lows the housing market can't seem to recover from the bust. Existing home sales and new home sales data has been positive recently but concerns about a slowing U.S. economy is keeping demand for homes down.

Current mortgage rates on 30 year conforming mortgages hit a record low of 3.74 percent in this week's survey, down from the previous week's average 30 year mortgage rate of 3.79 percent. 30 year mortgage rates today on our national average rate survey are at 3.66 percent. On our refinance rates list there are many lenders offering 30 year refinance rates below 3.50 percent.

Today's mortgage rates on 30 year jumbo mortgages are now under 4.00 percent averaging 3.98 percent. Down from the previous week's average 30 year jumbo mortgage rate of 4.05 percent. There are lenders offering 30 year jumbo loans below 4.00 percent on our rate list.

FHA mortgage rates on 30 year FHA loans averaged 3.55 percent, an all-time record low in the MBA's survey. 30 year FHA loan rates are down from the prior week's average FHA mortgage rate of 3.63 percent.

15 year mortgage rates currently are averaging 3.12 percent, a new record low in the mortgage survey, down from last week's average 15 year mortgage interest rate of 3.15 percent. There are also several lenders offering 15 year refinance rates today below 3.00 percent on our rate list.