Mortgage Rates Today Decline: 30 Year Rates Averaging 3.46 Percent

Current mortgage rates today are lower, after moving higher the past two weeks.  Thankfully, bond yields fell late last week on news House Republicans were voting to raise the debt ceiling for another three months. 10 year bond yields fell 5 basis points to 1.84 percent after touching a high for the week at 1.89 percent on Thursday.

As a result, average mortgage rates moved lower on both conforming loans and jumbo loans. 30 year conventional mortgage rates are averaging 3.46 percent, a decline from yesterday's average 30 year mortgage rate of 3.48 percent. This coming week average 30 year mortgage refinance rates will continue to drop and we will probably see rates move down to 3.40 percent.

You can already find lenders quoting 30 year conforming mortgage rates below the average of 3.48 percent and even below our prediction of 3.40 percent. Depending on the state you live in, you can find lenders quoting 30 year refinance rates as low as 2.875 percent with points on our rate tables. The lowest 30 year refinancing rates without points are around 3.25 percent.

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 #757416

5.726%

15-Year Fixed

5.625%

$2,632

Includes 0.658 points for $2,632

Lender Fees: $0

$3,295 /mo

Next >

NMLS #2059741

5.747%

15-Year Fixed

5.625%

$3,172

Includes 0.793 points for $3,172

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1025894

5.778%

15-Year Fixed

5.625%

$3,984

Includes 0.821 points for $3,284

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2059741

6.718%

30-Year Fixed

6.625%

$3,860

Includes 0.965 points for $3,860

Lender Fees: $0

$2,562 /mo

Next >

NMLS #2561451

6.756%

30-Year Fixed

6.624%

$5,531

Includes 0.884 points for $3,536

Lender Fees: $1,995

$2,561 /mo

Next >

NMLS #757416

6.804%

30-Year Fixed

6.750%

$2,220

Includes 0.555 points for $2,220

Lender Fees: $0

$2,595 /mo

Next >

NMLS #1025894

6.834%

30-Year Fixed

6.750%

$3,440

Includes 0.685 points for $2,740

Lender Fees: $700

$2,595 /mo

Next >

NMLS #401822

6.896%

30-Year Fixed

6.750%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #399799

6.969%

30-Year Fixed

6.875%

$3,976

Includes 0.662 points for $2,648

Lender Fees: $1,328

$2,628 /mo

Next >

NMLS #401822

7.804%

15-Year Fixed

7.500%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,709 /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.

Current mortgage rates on 15 year conforming loans are averaging 2.84 percent, a decline from yesterday's average 15 year mortgage interest rate of 2.87 percent. This coming week average 15 year mortgage rates will fall towards 2.75 percent. There are plenty of lenders quoting mortgage rates on 15 year conforming loans well below the average rate.

Right now on our 15 year refinance rates list, for the state of California there are lenders quoting rates as low as 2.25 percent with points and without points. In the state of Texas, the lowest 15 year refi rate in our database is also 2.25 percent with 1.099 points. Feel free to search our rate list of the best mortgage rates in the state you live in.

30 year jumbo mortgage rates today are averaging 4.02 percent, down from Saturday's average 30 year jumbo mortgage rate of 4.05 percent. For the past several months average 30 year jumbo rates have been just above 4.00 percent. This coming week I don't anticipate 30 year rates dropping below 4.00 percent, though right now you can find lenders quoting jumbo rates below 4.00 percent.

On our 30 year jumbo refinance rates list for the state of New Jersey, the lowest jumbo rate is at 3.50 percent with 1 mortgage point. The lender quoting that rate and point combination on our rate list in NJ is Guaranteed Rate. The lowest 30 year jumbo refi rate without points on our list in NJ is from Investors Home Mortgage at 3.625 percent.

Average 15 year jumbo mortgage rates currently are at 3.41 percent, a decline from yesterday's average 15 year jumbo mortgage rate of 3.42 percent. The lowest 15 year jumbo refinance rate on our list in the state of Connecticut is at 2.875 percent with 1 point  and the lowest rate without points is at 3.00 percent.

You can search for and compare mortgage quotes from many lenders by using our rate tables. Best of all you don't have to provide any financial information to see a list of rates.