Mortgage Rates Today Updated Jun 19, 2013

today’s mortgage rates

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

3.000% APR

15 Yr. Fixed

  

2.625% Rate

  

$1,036 / month (est)

GO

Updated 6/18/2013

  • Direct Mortgage Lender
  • Close in as little as 10 days
  • Apply Online. PreApproved in Minutes

3.421% APR

15 Yr. Fixed

  

3.000% Rate

  

$1,067 / month (est)

GO

Updated 6/18/2013

  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process

2.787% APR

15 Yr. Fixed

  

2.500% Rate

  

$1,021 / month (est)

GO

Updated 6/18/2013

  • Harp 2.0 is here Refinance your Mortgage regardless of home value.
  • WE are direct seller servicer with Fannie Mae
  • A name you've known for over 3 decades, The Money Store

3.345% APR

15 Yr. Fixed

  

3.250% Rate

  

$1,061 / month (est)

GO

Updated 6/18/2013

  • Don't ever pay upfront fees!
  • A+ rated with Better Business Bureau
  • Work with the best! Call for record low rates!

3.137% APR

15 Yr. Fixed

  

2.750% Rate

  

$1,046 / month (est)

GO

Updated 6/18/2013

  • We Are A Costco Preferred, National Lender.
  • 106 Year Old Family Owned and Operated Bank.
  • Are You A Costco Member? Call Now For Special Costco Member Discounts!

3.077% APR

15 Yr. Fixed

  

2.750% Rate

  

$1,041 / month (est)

GO

Updated 6/18/2013

  • Direct Lender closing Loans with Industry Leading Rates And Low Fees
  • Over 20 Year History of Great Customer Service
  • A part of CertusBank, N.A.
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 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!