Mortgage Rates Today Updated Jun 18, 2013

mortgage rates

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

3.384% APR

15 Yr. Fixed

  

3.000% Rate

  

$1,064 / month (est)

GO

Updated 6/17/2013

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3.281% APR

15 Yr. Fixed

  

2.875% Rate

  

$1,056 / month (est)

GO

Updated 6/17/2013

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3.407% APR

15 Yr. Fixed

  

2.875% Rate

  

$1,065 / month (est)

GO

Updated 6/17/2013

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  • Rates continue to be at historic lows!

2.994% APR

15 Yr. Fixed

  

2.625% Rate

  

$1,035 / month (est)

GO

Updated 6/17/2013

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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 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.

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.

Interest Rates Will Increase This Year

0 comments on this article Posted by James Leonard in Current Mortgage Rates on April 23rd, 2011 , tagged with , , , , .

This past Thursday the long term outlook of the United State’s debt was lowered to negative from stable by the credit rating agency, Standard & Poor. This wasn’t a downgrade of the debt rating of the U.S. but rather the “Outlook” for the future.

S&P decided to lower their outlook on the county’s debt because as usual politicians in Washinton can’t decide on a budget for this year and future budgets. As a result the long term outlook on interest rates will be higher. Rates on mortgages, loans, and everything else.

So I believe the future outlook for conforming 30 year mortgage rates will be over 5.50 percent by the end of 2011. 30 year jumbo rates will be around 6.00 percent.

The longer term outlook for rates is even bleaker. You can except conforming 30 year rates to get as high as 7 percent to 8 percent or even higher if inflation