Mortgage Rates: Today’s Mortgage Rates Up According to the MBA

Mortgage rates are higher this week according to the latest weekly mortgage survey released today. The higher mortgage interest rates hasn't put a damper on home purchases or on home refinancing according to the Mortgage Bankers Association.

Today's Mortgage Rates

Average mortgage contract rates increased this week over last week, brought on by higher U.S. Treasury prices. The average rate for a 30-year mortgage increased to 5.31 percent this week, up from the prior week's average rate of 5.05 percent, with points increasing to 1.18 from 1.12. Even though home loan rates increased this week rates are still low compared to historical standards.

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 #1835285

5.604%

15-Year Fixed

5.375%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$3,242 /mo

Next >

NMLS #757416

5.843%

15-Year Fixed

5.750%

$2,408

Includes 0.602 points for $2,408

Lender Fees: $0

$3,322 /mo

Next >

NMLS #401822

5.932%

15-Year Fixed

5.625%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,295 /mo

Next >

NMLS #6606

6.132%

15-Year Fixed

5.990%

$3,644

Includes 0.911 points for $3,644

Lender Fees: $0

$3,374 /mo

Next >

NMLS #1835285

6.482%

30-Year Fixed

6.375%

$4,500

Includes 0.625 points for $2,500

Lender Fees: $2,000

$2,496 /mo

Next >

NMLS #757416

6.699%

30-Year Fixed

6.624%

$3,124

Includes 0.781 points for $3,124

Lender Fees: $0

$2,561 /mo

Next >

NMLS #6606

6.833%

30-Year Fixed

6.740%

$3,828

Includes 0.957 points for $3,828

Lender Fees: $0

$2,592 /mo

Next >

NMLS #401822

7.022%

30-Year Fixed

6.875%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,628 /mo

Next >

NMLS #3030

7.035%

15-Year Fixed

6.875%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,568 /mo

Next >

NMLS #1835285

7.143%

5-Year ARM

7.000%

$5,804

Includes 0.951 points for $3,804

Lender Fees: $2,000

$2,662 /mo

Next >

NMLS #3030

7.200%

30-Year Fixed

7.125%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$2,695 /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 average home loan rate for a 15-year fixed-rate mortgage was up to 4.80 percent this week, last week's average contract rate was 4.59 percent, with points decreasing to 1.03 from 1.07. In June of this year the average 15-year mortgage rate was under 4.50 percent.

Adjustable rate mortgages were also up this week over last. The average contract interest rate for one-year ARM increased to 6.50 percent from 6.47 percent, with points remaining unchanged at 0.11.

Mortgage Applications Index

The Market Composite Index, an index that measures mortgage loan application volume, increased 2.8 percent this week to 528.9 on a seasonally adjusted basis from 514.4 one week earlier. Unadjusted the home mortgage index increase 2.9 percent compared to the previous week an increased 6.6 percent compared with the same week one year earlier. The four week moving average for the seasonally adjusted Market Index is down 1.0 percent

Refinance Index

The MBA's index that measures home mortgage refinancing "The Refinance Index" increased 4.0 percent this week to 2089.7 from 2009.4 the previous week and the seasonally adjusted Purchase Index increased 1.3 percent to 262.1 from 258.8 one week earlier. The home refinance index's four week moving average is down  0.4 percent.

Looking for current mortgage rates? MonitorBankRates.com has free mortgage rate tables you can search for today’s mortgage rates. 

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