Mortgage Rates Today Move Higher on Talk of Fed Rate Hike

30 year mortgage rates today increased to 3.43 percent, up from yesterday's average 30 year rate of 3.39 percent. Mortgage rates have been on a slight uptick since the Fed wrapped up their meeting in September. The Fed didn't increase the fed funds rate but set the stage for one rate hike in 2016. The hike is most likely to happen in the Fed's scheduled December meeting.

Mortgage rates are indirectly tied to the fed funds rate. When the fed funds rate moves higher, bond yields move higher, and most lenders set mortgage rates based on 10 year bond yields. When bond yields move higher, lenders increase their lending rates.

Although 30 year mortgage rates have trended higher the past few weeks, the uptick hasn't been that pronounced. 30 year rates are only up 9 basis points from the 2016 low set in late September and only 13 basis points from the all-time record low.

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 #1689962

License: 02053435

5.680%

15-Year Fixed

5.500%

$4,694

Includes 0.911 points for $3,644

Lender Fees: $1,050

$3,269 /mo

Next >

NMLS #2006915

License: 60DBO-149268

5.685%

15-Year Fixed

5.500%

$4,821

Includes 0.719 points for $2,876

Lender Fees: $1,945

$3,269 /mo

Next >

NMLS #401822

5.768%

15-Year Fixed

5.500%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$3,269 /mo

Next >

NMLS #1025894

5.781%

15-Year Fixed

5.625%

$4,056

Includes 0.839 points for $3,356

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.787%

15-Year Fixed

5.625%

$4,381

Includes 0.607 points for $2,428

Lender Fees: $1,953

$3,295 /mo

Next >

NMLS #757416

5.833%

15-Year Fixed

5.750%

$2,156

Includes 0.539 points for $2,156

Lender Fees: $0

$3,322 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.379%

5-Year ARM

6.250%

$5,673

Includes 0.930 points for $3,720

Lender Fees: $1,953

$2,463 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.507%

5-Year ARM

6.375%

$5,537

Includes 0.898 points for $3,592

Lender Fees: $1,945

$2,496 /mo

Next >

NMLS #2561451

6.588%

30-Year Fixed

6.490%

$4,151

Includes 0.539 points for $2,156

Lender Fees: $1,995

$2,526 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.642%

30-Year Fixed

6.500%

$5,945

Includes 1.000 points for $4,000

Lender Fees: $1,945

$2,529 /mo

Next >

NMLS #757416

6.714%

30-Year Fixed

6.624%

$3,704

Includes 0.926 points for $3,704

Lender Fees: $0

$2,561 /mo

Next >

NMLS #1689962

License: 02053435

6.727%

30-Year Fixed

6.624%

$4,266

Includes 0.804 points for $3,216

Lender Fees: $1,050

$2,561 /mo

Next >

NMLS #1025894

6.732%

30-Year Fixed

6.625%

$4,440

Includes 0.935 points for $3,740

Lender Fees: $700

$2,562 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.840%

30-Year Fixed

6.750%

$3,861

Includes 0.477 points for $1,908

Lender Fees: $1,953

$2,595 /mo

Next >

NMLS #399799

6.856%

30-Year Fixed

6.750%

$4,512

Includes 0.796 points for $3,184

Lender Fees: $1,328

$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 #330511

6.941%

30-Year Fixed

6.875%

$2,700

Includes 0.675 points for $2,700

Lender Fees: $0

$2,628 /mo

Next >

NMLS #3030

6.995%

15-Year Fixed

6.875%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,568 /mo

Next >

NMLS #3030

7.689%

30-Year Fixed

7.625%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,832 /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.

Checking our database of rates for California, we see there are several lenders quoting 30 year refinance rates below the average rate. The lowest 30 year refinance rate with points is at 3.125 percent and the lowest refi rate without points is at 3.375 percent.

Current mortgage rates on 15 year loans are averaging 2.68 percent, an increase from the prior day's average rate of 2.62 percent. The lowest 15 year refinance rate available in our database for Texas is at 2.375 percent with points and at 2.75 percent without points.

Today's mortgage rates on 5 year adjustable loans are averaging 2.94 percent, an increase from yesterday's average 5 year adjustable rate of 2.88 percent. The lowest 5/1 ARM in our database Florida is at 2.13 percent with points and at 2.38 percent without points.

30 year jumbo mortgage rates are currently averaging 4.16 percent, up slightly from the prior day's average rate of 4.12 percent. The lowest 30 year jumbo refinance rate in our database for Colorado is much lower at 3.375 percent with points and at 3.75 percent with no points.

Average 15 year jumbo mortgage rates are at 3.94 percent, up from yesterday's average 15 year jumbo rate of 3.91 percent. The best 15 year jumbo refinance rate in our database is more than 100 basis points lower at 2.75 percent with no points.

5/1 jumbo adjustable mortgage rates are averaging 3.93 percent, up from the previous day's average 5 year adjustable rate of 3.88 percent. The best 15 year jumbo refinance rate in our database is at 2.25 percent with points and at 2.38 percent with no points.