Weekly Mortgage Rates

Mortgage rates rose again this past week, driven higher the rise in bond yields. Investors have become worried that all the government programs to stimulate the economy is fanning inflation, as a result yields on 10-year Treasury notes jumped this past week to over 3.75 percent.

The rise in mortgage rates is threatening the housing recovery. 30 year conforming mortgage rates averaged 4.849 percent the week of May 18th, the rate is week is now 5.401 percent, a sharp three week rise in rates. Jumbo mortgage rates have fared a little better in during the same period, 30 year Jumbo mortgage rates averaged 6.346 percent this week, up from the May 18th low of 6.120 percent. Jumbo mortgage rates didn't come down as much as conforming mortgage recently because banks were reluctant to offer products that Fannie Mae and Freddie Mac wouldn't purchase.

Average home mortgage rates for 15 year fixed rate mortgages are 4.933 percent this week, up from last week's average of 4.839 percent. Jumbo 15 year mortgages averaged 6.209 percent this week, last week's average rate was 6.151 percent. Some of the best mortgage rates these days are for 15 year mortgages.

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 #1981224

5.300%

15-Year Fixed

5.000%

$7,944

Includes 0.986 points for $3,944

Lender Fees: $4,000

$3,164 /mo

Next >

NMLS #1025894

5.631%

15-Year Fixed

5.490%

$3,676

Includes 0.744 points for $2,976

Lender Fees: $700

$3,267 /mo

Next >

NMLS #757416

5.637%

15-Year Fixed

5.490%

$3,820

Includes 0.955 points for $3,820

Lender Fees: $0

$3,267 /mo

Next >

NMLS #613839

5.680%

15-Year Fixed

5.490%

$4,955

Includes 0.767 points for $3,068

Lender Fees: $1,887

$3,267 /mo

Next >

NMLS #2273319

License: CA-DOC902467

5.681%

15-Year Fixed

5.500%

$4,722

Includes 0.658 points for $2,632

Lender Fees: $2,090

$3,269 /mo

Next >

NMLS #1701910

5.808%

15-Year Fixed

5.750%

$1,490

Includes 0.000 points for $0

Lender Fees: $1,490

$3,322 /mo

Next >

NMLS #1981224

6.057%

5-Year ARM

5.875%

$7,880

Includes 0.970 points for $3,880

Lender Fees: $4,000

$2,367 /mo

Next >

NMLS #401822

6.214%

15-Year Fixed

6.000%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$3,376 /mo

Next >

NMLS #1981224

6.312%

30-Year Fixed

6.125%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$2,431 /mo

Next >

NMLS #2473786

6.483%

30-Year Fixed

6.375%

$4,539

Includes 0.861 points for $3,444

Lender Fees: $1,095

$2,496 /mo

Next >

NMLS #2561451

6.484%

30-Year Fixed

6.375%

$4,671

Includes 0.669 points for $2,676

Lender Fees: $1,995

$2,496 /mo

Next >

NMLS #757416

6.577%

30-Year Fixed

6.490%

$3,624

Includes 0.906 points for $3,624

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1025894

6.599%

30-Year Fixed

6.490%

$4,548

Includes 0.962 points for $3,848

Lender Fees: $700

$2,526 /mo

Next >

NMLS #613839

6.610%

30-Year Fixed

6.490%

$5,019

Includes 0.783 points for $3,132

Lender Fees: $1,887

$2,526 /mo

Next >

NMLS #2273319

License: CA-DOC902467

6.646%

5-Year ARM

6.500%

$6,086

Includes 0.999 points for $3,996

Lender Fees: $2,090

$2,529 /mo

Next >

NMLS #399799

6.719%

30-Year Fixed

6.625%

$4,032

Includes 0.676 points for $2,704

Lender Fees: $1,328

$2,562 /mo

Next >

NMLS #2273319

License: CA-DOC902467

6.741%

30-Year Fixed

6.625%

$4,818

Includes 0.682 points for $2,728

Lender Fees: $2,090

$2,562 /mo

Next >

NMLS #401822

6.746%

30-Year Fixed

6.625%

$4,995

Includes 0.750 points for $3,000

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #1701910

6.786%

30-Year Fixed

6.750%

$1,490

Includes 0.000 points for $0

Lender Fees: $1,490

$2,595 /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.

HELOC rates have remained relatively steady this week. HELOC rates are at 4.758 percent, up from last week when HELOC rates averaged 4.748 percent. A 1o year home equity loan averaged 7.642 percent this week, down from last week's average rate of 7.659 percent. 15 year home equity loans averaged 7.766 percent, last week's average was 7.785 percent.

Adjustable rate mortgages were also up this week, with one exception, a one year conforming ARM averaged 4.6885 percent this week, down from last week's average of 4.805 percent. One year jumbo ARMs averaged 5.947 percent, up from 5.927 percent.

The average rate for a 3/1 ARM (conforming) is 4.897 percent this week, down from last week's average of 4.898 percent. Jumbo 3/1 ARMs averaged 5.831 percent, last week's average rate was 5.671 percent. 5/1 ARMs (conforming) averaged 4.839 percent, up from last week's average of 4.790 percent. Jumbo 5/1 ARMs averaged 5.755 percent this week, up from 5.667 percent. Average rates for 7/1 ARMs and 10/1 ARMs  were also up this week.

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