Mortgage Rates Today Updated Jun 20, 2013

current mortgage rates

Loan Type   Purchase    Refinance
Location  by State    by Zip Code
Loan Amt   $

3.448% APR

15 Yr. Fixed

  

2.990% Rate

  

$1,069 / month (est)

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Updated 6/19/2013

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3.567% APR

15 Yr. Fixed

  

3.125% Rate

  

$1,077 / month (est)

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Updated 6/19/2013

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3.107% APR

15 Yr. Fixed

  

2.625% Rate

  

$1,044 / month (est)

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Updated 6/19/2013

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3.345% APR

15 Yr. Fixed

  

3.250% Rate

  

$1,061 / month (est)

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Updated 6/18/2013

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3.137% APR

15 Yr. Fixed

  

2.750% Rate

  

$1,046 / month (est)

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Updated 6/19/2013

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The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.



Mortgage Rates Today Make New Lows Thanks to FOMC

0 comments on this article Posted by James Leonard in Mortgage Rates Today on October 16th, 2012 , tagged with , , , , , , , , .

Just when you thought it was the best time to go ahead and pull the trigger to refinance your loan mortgage rates today make new lows. I just refinanced my mortgage loan back in March of this year and got a 15 year mortgage rate of 3.50 percent, now there are lenders offering current mortgage rates on 15 year loans as low as 2.25 percent with points, which is much lower than Freddie Mac’s average 15 year conforming mortgage rate in the most recent Primary Mortgage Market Survey (MMS).

In Freddie Mac’s mortgage rate survey for the week that ended on October 11, 2012, average 30 year mortgage rates were at 3.39 percent with  0.7 mortgage points, which is actually higher than the prior week’s average 30 year mortgage interest rate of 3.36 percent. In the prior week’s survey average 30 year mortgage interest rates hit a record low. There has been so many record lows sent on both conforming mortgage rates and jumbo mortgage rates it is hard to keep track.

Today’s mortgage rates on 30 year conventional home loans are lower and make a new record low. Current mortgage rates today on 30 year conventional home loans are averaging 3.35 percent. There are also lenders already offering 30 year mortgage rates today below the averages. On our mortgage refinance rates list for the state of California we have many lenders offering 30 year refinance rates on conforming loans at 3.125 percent with points without points you can find 30 year refinancing rates as low as 3.375 percent.

Average 15 year mortgage rates for the week ending October 11, 2012, were also slightly higher averaging 2.70 percent with 0.6 mortgage discount points. The average 15 year conforming mortgage rate was also higher from last week’s average of 2.69 percent. Mortgage rates current on 15 year conforming loans also just make another record low today averaging 2.64 percent. We will probably see 15 year mortgage rates falling as low as 2.25 percent on average before the year is over.

Speaking of mortgage rates as low as 2.25 percent on 15 year conforming loans you can already find lenders offering rates so low. First Internet Bank is offering 15 year refinance rates as low as 2.25 percent with just over 1 mortgage point. We also have lenders listed right here offering 15 year mortgage rates in the 2.25 percent range with a point or two. We also have lenders offering 15 year refi mortgage rates today without points at 2.625 percent.

Adjustable mortgage rates current were also higher for the week that ended on October 11, 2012. Average 5 year adjustable mortgage rates today are at 2.73 percent with 0.6 points, up from the prior week’s average 5 year adjustable mortgage interest rate of 2.72 percent. Current mortgage rates on 5 year conforming adjustable loans can be found well below the average rate. Currently in the state of Texas we have lenders offering 5 year adjustable refinance rates today as low as 1.875 percent with points.

Mortgage Rates Today Increase on Higher U.S. Bond Yields

0 comments on this article Posted by James Leonard in Current Mortgage Rates on August 25th, 2012 , tagged with , , , , , , , , , .

Higher bond yields have forced mortgage rates today higher for the fourth consectutive week in Freddie Mac’s Primary Mortgage Market Survey. In this week’s mortgage rates survey conventional 30 year mortgage rates averaged 3.66 percent with 0.7 mortgage discount point.

Current mortgage rates on 30 year conforming loans are up from the previous week’s survey of 3.62 percent. Since Freddie’s mortgage rates survey came out on Thursday average 30 year conforming mortgage interest rates have moved lower again.

Today’s mortgage rates on 30 year conventional home loans are averaging 3.59 percent. The mortgage rates listed above are average mortgage rates, there are lenders advertising 30 year conforming rates below the averages. You can find rates well below the averages with points and the more points you pay the lower the refinance mortgage rates are.

Right now on our 30 year conventional refinance rates list in California there are lenders offering 30 year rates at 3.50 percent without points. If you’re willing to pay points you can find 30 year refinance rates as low as 3.25 percent.

Average 15 year mortgage rates have also gone higher in this week’s mortgage survey but have declined since. Mortgage rates current on 15 year conforming loans averaged 2.89 percent with 0.7 mortgage discount points, an increase from an average 15 year refinance mortgage rate of 2.88 percent.

Mortgage rates currently on 15 year conventional home loans have declined 4 basis points to an average rate of 2.85 percent. Right now there are home loan lenders offering 15 year rates as low as 2.75 percent without points. There are also some lenders offering 15 year refi rates as low as 2.25 percent with 2 mortgage points.

Adjustable mortgage rates were up on 5 year conforming adjustable loans and down on 1 year conforming adjustable home loans this week. Mortgage rates today on 5 year adjustable mortgage rates averaged 2.80 percent with 0.6 mortgage discount point, up from the previous week’s average 5 year rate of 2.76 percent.

Current 5 year adjustable mortgage rates on our rate list can be found below the average rate. Rates in Texas on 5 year adjustable loans can be found as low as 2.75 percent and with points as low as 2.50 percent.

1 year adjustable mortgage interest rates averaged 2.66 percent with 0.4 mortgage discount points, down from an average 1 year adjustable mortgage rate of 2.69 percent.

Mortgage Rates Jump Higher This Week

0 comments on this article Posted by James Leonard in Current Mortgage Rates on March 22nd, 2012 , tagged with , , , , , , .

Mortgage rates jumped higher this week as 10 year bond yields moved back over 2.00% sending current mortgage rates higher. Mortgage rates today on 30 year home loans are averaging 4.08% with 0.8 mortgage points for the week ending March 22, 2011 according to Freddie Mac. Today’s mortgage rates on 30 year loans are up from last week’s average mortgage interest rate of 3.92%.

30 year conforming mortgage rates have stayed under 4.00% for most of 2012. Recent positive economic news has sent bond yields higher, since most advertised mortgage rates are tied to bond yields mortgage rates have headed higher.

Fixed conforming 15 year mortgage rates are also higher in this week’s Primary Mortgage Market Survey. Mortgage rates current on 15 conforming loans are averaging 3.30% with 0.8 points, up from last week’s average 15 year mortgage rate of 3.16%.

Adjustable mortage rates on both 5 year adjustable loans and 1 year adjustable loans moved higher this week. Average 5 year adjustable mortgage rates are at 2.96% with 0.7 points, up from the previous week’s average adjustable rate of 2.83%. 1 year adjustable mortgage interest rates are averaging 2.84% with 0.6 points, an increase from last week’s average 1 year rate of 2.79%.

Although average mortgage rates increased this week the mortgage rates trend is stable rates for the foreseeable future. Even if rates do move higher they are so low now you still can get a good deal on a loan. Also remember that these average rates are just averages you can find mortgage rates or refinance rates even lower than these rates.

Here is an interesting video on Making Home Affordable information on refinancing even though mortgage rates today are higher:

Right now on our mortgage rate tables several lenders are offering mortgage rates lower than 4.08% for a 30 year loan. CapWest Mortgage is offering 30 year conforming rates at 3.97%. Seckel Capital is offer 30 year rates even lower at 3.92%.

To see what rates you can get on home loans just search the rate table on mortgageratescurrent.org. Just enter your loan amount, select the loan types and term, the state the home resides in and if the loan is for a purchase or a refinance.

Either way you get go wrong searching for rates these days. If you already own a home and have a mortgage that is 1.00% higher than current mortgage rates it makes financial sense to refinance. Chances are if your current loan as a rate (30 year loan) of 5.00% or higher it makes sense to refinance. That is as long as you plan to stay in your home long enough to recoop the refinance costs.

Mortgage Rates Today Move Lower as Treasury Yields Decline

0 comments on this article Posted by James Leonard in Mortgage Rates Today on March 5th, 2012 , tagged with , , , , , , , , .

Increadibly low mortgage rates today move lower again as Treasury Yields declined again this past week. 10 year bond yields which have been under 2.00% for a while now along with 30 year current mortgage rates today being lower than 4.00%. 15 year conforming current mortgage rates today near historic lows at 3.14%. If you don’t know what mortgage loans are or how to get today’s mortgage rates at the lowest level from lenders you should read the information below.

Mortgages are loans home buyers get in order to afford to buy a home. Most people don’t have the hundreds of thousands of dollars to buy a home that’s where mortgages come into pay. When you get a mortgage you are borrowing money to buy the home and the lender is agreeing to lend you such a large some of money since the home is being used as collateral.

Current mortgage rates are not made up by lenders but tied to an index. There are several different indexes and depending on the lender set rates to one of the indexes. The most common index is a Treasury Security index. Other indices’ include the Cost of Funds Index and the London Interbank Offered Rate (LIBOR).

There are also different types of mortgages like fixed rate mortgages and adjustable rate mortgages. With fixed rate mortgages the interest rate stays the same for the entire life of the loan. When you apply for a loan you can lock-in the current mortgage rate since it takes a couple of months to close on a home loan.

Adjustable mortgage rates have a fixed period, usually 1 year, 3 year or 5 years depending on the mortgage type. After the initial period the mortgage rate changes usually every year. This can help you save money when mortgage rates move lower but cost you money when mortgage rates move higher.

The index and the margin on home loans are available from several types of lenders all you need to do is search for the best mortgage rates on home loans but at first, lower rates makes the ARM easier on your monthly payments than would be a fixed mortgages.

In some cases, you can borrow the money needed to pay these fees, but doing so will increase your loan amount and total costs for getting the loan. These costs are among the most common fees but this may not always be clear so you should ask each lender what their fees are.

When you compare mortgage rates you’ll see a rate and an annual percentage yield. If the APR is significantly higher than the initial mortgage rate, then it is likely that your rate and payments will be a lot higher when the mortgage loan adjusts in the future.

Mortgage rates are low so ask each mortgagee lender or broker for a list of today’s mortgage rates along with all fees involved on the loan.

Lenders base adjustable mortgage rates on a variety of indexes be sure to get information about mortgages from several lenders. Current rates are low but you can expect mortgage rates to increase in the future since the economy is getting better, unemployment is going lower and interest rates are sure to go higher in the coming years.

Once you have researched and you have an understanding of what each mortgage lender has to offer you should negotiate with them for the best possible mortgage rate, lowest mortgage rates and lowest closing costs.

Lenders offer different mortgage rates for the same loan terms to different people so you need to negotiate just like you would when you buy a car. Don’t be afraid to negotiate since you are paying for the mortgage loan. A .50% lower mortgage rate can be thousands of dollars in mortgage interest savings over 15 or 30 years.

To give you can example of where mortgage rates are right now The Money Store, Amerisave, Quicken Loans and Aimloan are all offer conforming 30 year mortgage rates under or just above 4.00%.

So you can see the difference between the lowest available mortgage rates price for a loan product and any higher mortgage rates can be at least 1.00% or higher. When comparing rates have the lender write down all the closing costs associated with the loan and what rate they can lock-in the mortgage at.

Ask if they will reduce one or more of its mortgage fees or maybe even give you a better mortgage rate when they originally quoted you. Once you are satisfied with the mortgage rate and mortgage terms you have negotiated, get the mortgage rate locked-in.

The lock-in should include the current mortgage rate that you have been quoted and agreed to and the number of mortgage points. You need to lock-in the mortgage rate since there are many steps when closing on a home loan and like I already said it can take 2 months or even 3 months.

When you lock-in you will probably pay a $200 to $300 fee to do so but the fee is small compared to getting a higher mortgage rate which will cost you tens of thousands of dollars in addition interest payments for a 30 year loan or 15 year loan.

Which type of home loan you get is up to you but good luck shopping for the lowest mortgage rates today!

Refinance Activity Surges as Current Mortgage Rates Decline

0 comments on this article Posted by James Leonard in Current Mortgage Rates on August 17th, 2011 , tagged with , , , .

The number of home owners refinancing surged in the most recent mortgage survey thanks to mortgage rates current being near record lows. Mortgage applications increased 21.7 percent for the week ending August 5, 2011, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.

Current mortgage rates on 30 year home loans declined to 4.37%, down from the previous week’s average 30 year mortgage rate of 4.45%.  Current mortgage discount points on 30 year mortgage loans increased to 1.07 points, up from the previous week’s average of 0.78 mortgage points.

Mortgage rates currently on 15 year mortgage loans was unchanged for the week ending August 5, 2011. Current mortgage rates on 15 year mortgage rates are averaging 3.52%. Today’s mortgage discount points on 15 year mortgage loans decreased to 0.96 points, down from the prior week’s average of 1.02 points.

Bond yields have declined significantly over the past several weeks which will force today’s mortgage rates lower. A year ago around this time 30 year mortgage rates were higher around 5.00%, now mortgage rates today are near lows for 2011 and near record lows.

Current Mortgage Rates Higher This Week

0 comments on this article Posted by James Leonard in Current Mortgage Rates on July 28th, 2011 , tagged with , , .

Current mortgage rates are higher says the Mortgage Bankers Associations’ Weekly Mortgage Applications Survey but don’t expect the trend to continue. A slew of companies reported lower than expected earning and the markets tanked today. The debt ceiling impass and the budget talks are also sending markets lower. 10 year bond yields have been heading lower as well which will send mortgage rates current lower.  

Today’s mortgage rates on 30 year home loans are averaging 4.57% with 1.14 mortgage points. This mortgage rate currently is higher from the priro week’s average of 4.54% with .98 mortgage points.

15 year Current mortgage rates are higher averaging 3.67 with 1.08 mortgage points. 15 year mortgage rates currently are also higher from the previous week’s average 15 year mortgage rate of 3.66% with 0.97 mortgage points.

Mortgage rates have been near record lows for 2011 and just above all-time lows. Earlier this year everyone thought mortgage rates would go higher when the Fed completed QE2 but that didn’t happen.

Now the belief was mortgage rates would go higher in the second half of 2011 because the economy was picking up steam. That thought is now in doubt so current mortgage rates will stay near the levels they are at for the rest of 2011.

Good News: Mortgage Rates Aren’t Going Higher

0 comments on this article Posted by James Leonard in Current Mortgage Rates on May 2nd, 2011 , tagged with , , .

The Federal Reserve decided to leave the Federal Funds Rate at zero percent to one quarter percent for the foreseeable future. This is good news because if the Fed Funds rate isn’t raised bond yields won’t rise either, mortgage rates are tied to bond yields. The Federal Reserve is a independent government entity that sets the direction of interest rates.

If you’re buying a home or refinancing your mortgage now is probably going to be the best time to do so. Current mortgage rates on 30 year mortgages are at 4.75%. One of the best mortgage rates ever available.

Mortgage Rates Current 4/6

0 comments on this article Posted by James Leonard in Current Mortgage Rates on April 6th, 2011 , tagged with , , , , , , , , .

Mortgage rates current are higher compared to interest rates on 4/5. 30 year conforming mortgage rates currently and refinance rates are averaging 4.92 percent, up from yesterday’s average 30 year mortgage rate and refinance rate of 4.87 percent. 

Conforming 15 year current mortgages rates and refinance rates are averaging 4.18 percent, up from yesterday’s average 15 year mortgage rate and refi rate of 4.16 percent.

Jumbo mortgage rates today are lower compared to yesterday’s average jumbo rates. 30 year jumbo mortgage rates today and jumbo refinancing rates are averaging 5.44 percent, down from yesterday’s average jumbo loan rate of 5.46 percent. 

Current 15 year jumbo mortgage rates and jumbo mortgage refinance rates are averaging 4.61 percent, down from the yesterday’s average jumbo rate of 4.65 percent. 

The current mortgage rates and current refinance rates listed above are only average rates. You can get mortgage loan rates lower than the averages.