Mortgage Rates Today: Lowest 15 Year Conforming Rates at 2.75 Percent

Even with the increase in interest rates since this summer, mortgage rates today are still very low, historically speaking. Rates are still low right now but will be moving higher in 2014 so if you're thinking about buying a home you should lock in a rate today. Likewise, if you have been thinking about refinancing now is the time before rates move higher.

Home prices have been rising across the United States and if your home's value has increased you might have enough equity to refinance. If you have tried refinancing in the past but couldn't because you didn't have enough equity, you should look into it again. There is also a government program called Home Affordable Refinance Program (HARP) available to help you refinance. Visit this Federal Government website to see if you qualify for a HARP refinance: HARP

Current 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 #2326098

License: 60DBO-181478

5.077%

15-Year Fixed

4.875%

$5,533

Includes 0.895 points for $3,580

Lender Fees: $1,953

$3,138 /mo

Next >

NMLS #1835285

5.204%

15-Year Fixed

4.990%

$5,660

Includes 0.915 points for $3,660

Lender Fees: $2,000

$3,162 /mo

Next >

NMLS #1025894

5.545%

15-Year Fixed

5.375%

$4,448

Includes 0.937 points for $3,748

Lender Fees: $700

$3,242 /mo

Next >

NMLS #3030

5.886%

15-Year Fixed

5.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,322 /mo

Next >

NMLS #401822

5.962%

15-Year Fixed

5.750%

$5,500

Includes 0.375 points for $1,500

Lender Fees: $4,000

$3,322 /mo

Next >

NMLS #1835285

6.013%

30-Year Fixed

5.875%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,367 /mo

Next >

NMLS #401822

6.048%

30-Year Fixed

5.875%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$2,367 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.105%

30-Year Fixed

5.990%

$5,125

Includes 0.793 points for $3,172

Lender Fees: $1,953

$2,396 /mo

Next >

NMLS #1025894

6.231%

30-Year Fixed

6.125%

$4,544

Includes 0.961 points for $3,844

Lender Fees: $700

$2,431 /mo

Next >

NMLS #3030

6.722%

30-Year Fixed

6.625%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,562 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.761%

5-Year ARM

6.625%

$5,829

Includes 0.969 points for $3,876

Lender Fees: $1,953

$2,562 /mo

Next >

NMLS #1835285

7.011%

5-Year ARM

6.875%

$5,560

Includes 0.890 points for $3,560

Lender Fees: $2,000

$2,628 /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 mortgages are averaging 3.42 percent but the lowest rates available are much lower than the average. There are many mortgage lenders currently offering 15 year conforming mortgages with rates as low as 2.75 percent if you're willing to pay points.

A 2.75 percent 15 year rate is only 0.50 percent higher than the lowest rate ever offered in our database. The lowest 15 year rate without points is still below the average at 3.125 percent. Historically speaking, 30 year conforming mortgage rates are also low. The current average 30 year mortgage rate is at 4.38 percent but the lowest 30 year rates are much better.

The lowest 30 year refinance rates right now in our database are at 3.75 percent with points, more than 0.50 percent below the average rate. The lowest 30 year rate without points right now is at 4.125 percent, still below the average rate.

Jumbo Mortgage Rates Today

As with conforming rates, jumbo mortgage rates are also just above record lows. In fact, the spread difference between conforming loans and jumbo loans is very narrow these days and at many times, average 30 year jumbo rates are lower than average 30 year conforming rates.

30 year jumbo mortgage rates today are averaging 4.44 percent but the lowest jumbo refinance rates are lower. Right now, the best 30 year jumbo refi rates in our database are at 4.00 percent. The lowest 30 year jumbo rates without points right now are also below the average at 4.125 percent.

Average 15 year jumbo mortgage rates are currently at 3.72 percent, higher than last week's average rate of 3.69 percent. The lowest 15 year jumbo rate available in our database is much lower at 3.25 percent with points. The best 15 jumbo rate without points is also below the average at 3.50 percent.

5 Adjustable Mortgage Rates

Today's mortgage rates on 5 year conforming adjustable mortgages are averaging 3.58 percent, up from the previous week's average 5 year adjustable rate of 3.53 percent. The best 5 year adjustable refinance rates quoted by lenders in our database are almost 1.50 percent lower.

The lowest 5 year refi rate with points in our database is at 2.125 percent with 1.647 points. The lowest 5 year rate without points is at 2.49 percent, still more than 1.00 percent lower than the average.

Jumbo adjustable rates on 5 year mortgages are averaging 2.82 percent, up from last week's average jumbo rate of 2.79 percent. The lowest jumbo 5 year rate in our database is at 2.25 percent and the lowest rate with no points is at 2.625 percent.