National Average Mortgage Rates Higher Today: Declines Likely Tomorrow

Conforming mortgage rates today are higher but will decline tomorrow since 10 year bond yields are down 5 basis points to 1.45 percent. Bond yields are down on a weaker than expected retail sales report released this morning which will send average mortgage rates lower tomorrow.

30 year conforming mortgage rates which made an all-time record low of 3.62 percent last week are slightly higher today averaging 3.65 percent, up from yesterday's average rate of 3.64 percent.

30 year mortgage rates are down over 100 basis points, or 1.00 percent, this past year. If you already refinanced a loan you should really consider doing so again since refinance rates are so 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 #1025894

5.632%

15-Year Fixed

5.490%

$3,708

Includes 0.752 points for $3,008

Lender Fees: $700

$3,267 /mo

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NMLS #1025894

6.588%

30-Year Fixed

6.490%

$4,108

Includes 0.852 points for $3,408

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.644%

30-Year Fixed

6.500%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,529 /mo

Next >

NMLS #401822

7.658%

15-Year Fixed

7.375%

$7,000

Includes 0.750 points for $3,000

Lender Fees: $4,000

$3,680 /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.

15 year conforming rates today are averaging 3.03 percent, an increase from yesterday's average 15 year mortgage rate of 3.01 percent. 15 year rates which hit an all-time record low of 2.97 percent late last month will probably hit another record low this week.

Current jumbo rates on 30 year jumbo mortgages are lower today averaging 4.18 percent, down from yesterday's average 30 year jumbo mortgage rate of 4.21 percent. Jumbo mortgage rates today on 30 year loans will probably break record lows later this week. The all-time record low 30 year jumbo rate is 4.13 percent.

Today's mortgage rates on 15 year jumbo loans are also lower averaging 3.44 percent, a decline from yesterday's average 15 year jumbo mortgage rate of 3.46 percent. Just over a year ago 15 year jumbo refinance rates were near 5.00 percent now rates are heading down to 3.00 percent.

Average adjustable mortgage rates today are higher on both conforming and jumbo 5 year rates. Conforming 5 year adjustable rates are averaging 2.72 percent, an increase from yesterday's average 5 year conforming rate of 2.69 percent. 5 year adjustable jumbo mortgage rates are averaging 2.85 percent, up from an average jumbo rate of 2.83 percent.