Compare Mortgage Rates Today and Refinance Rates from Many LendersWhen you start your search for current mortgage rates or mortgage refinance rates you need to first have an understanding of the types of mortgages available and the corresponding mortgage rates. Types of mortgages rates available include conforming mortgage rates, super conforming mortgage rates and jumbo mortgage rates. There are variations of each type of mortgage available. Mortgage are so low you can get a better rate than you might expect. Make sure to use a mortgage amortization calculator to figure out how much home you can afford. We also offer a free mortgage rate widget you can use to display national average mortgage rates on your website. Mortgage Rates November 29, 2023The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
Lender
APR / Rate
Payment
Fees and Points
No rates found
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 or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Conforming Mortgage RatesConforming mortgage rates are rates on mortgages that meet the criteria set out by the Federal Housing Finance Agency. There are limits set for each county of the United States . There are higher mortgage loan limits for designated high-cost areas, like on the coasts and in large cities. Mortgages that “conform” to the standards set out by the Federal Housing Finance Agency can be purchased by Freddie Mac and Fannie Mae. This process guarantees banks are able to resell mortgage loans that have been made. As a result, conforming mortgage rates are lower than jumbo mortgage rates.Super Conforming Mortgage RatesSuper conforming mortgages are mortgages that have higher mortgage loan amounts but still “conform” to the standards set by the Federal Housing Finance Agency. Super conforming mortgage rates are higher than conforming mortgage rates. Super conforming mortgage rates are in the higher cost housing areas like the coasts and in large cities.Jumbo Mortgage RatesJumbo mortgage rates are rates for mortgage loans that have a dollar amount higher than conforming and super conforming loan amounts. Jumbo mortgage rates are usually 0.75 basis points higher than conforming mortgage rates because there are no guarantee banks and credit unions can sell these mortgages after they make the loans.Fixed Rate MortgagesFixed rate mortgages are the most common mortgages available. The mortgage rate and the monthly payment stay the same for the entire life of the mortgage loan. This makes fixed rate mortgages the most stable and predictable for mortgagees.Adjustable Rate MortgagesAdjustable mortgages have a fixed mortgage rate for a certain number of years and then the mortgage rate adjusts every year after the initial period. There are usually yearly caps and life time caps on how much the mortgage interest rate and fluctuate. Your monthly mortgage payment will be lower at first but can rise when mortgage rates rise.Interest Only Mortgage RatesInterest only mortgages are mortgages that the borrower pays only the interest on the principal balance or a set period of time. After the initial period the mortgagee pays both interest and principal. Interest only (IO) mortgages were popular during the housing boom.FHA Mortgage RatesBorrowers must meet certain requirements established by FHA to qualify for a mortgage insured by the FHA. FHA mortgage rates in are usually lower than conforming mortgage rates because mortgage lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her mortgage loan.Mortgage Rates By State
Alaska
Alabama Arkansas Arizona California Colorado Connecticut District Of Columbia Delaware Florida Georgia Hawaii Iowa
Idaho
Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi
Montana
North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania
Rhode Island
South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming |
Recent Mortgage Rate ArticlesMortgage Rates Hit New Record High for 2023: 30-Year Rates at 8.099%Average Mortgage Rates Move Lower This Week: 30-Year Rates at 7.23% and 15-Year Rates at 6.49%The Federal Reserve: The Real Villain Behind the Great American Housing Crisis?Surging U.S. Treasury Yields Fuel Higher Mortgage Rates: Bank of America's Adjustable Rates Exceed 8.00%Setting a Home Buying Budget: Figure out the Downpayment and Purchase PriceAverage Mortgage Rates in Arizona Decline This Week: 30 Year Conforming Rates at 6.96%Unlocking the Best Mortgage Rates: Strategies for Comparing Rates from Multiple LendersMortgage Shopping Simplified: Finding the Best Rates and TermsUnderstanding Your Down Payment Options to Purchase a HomeRefinancing a Mortgage: When is a Good Time?Rocket Mortgage Rate Review: 30-Year Rates at 6.25% APRQuicken Loans is a Leading Lender with Competitive Mortgage RatesRefinancing a Mortgage is a Great Way to Lower Your Monthly Mortgage PaymentsRocket Mortgage RatesKeyBank Mortgage Rates1st 2nd Mortgage Company of N.J. Mortgage RatesLightPoint Mortgage Company Mortgage RatesFigure Lending Mortgage RatesBlue Spot Mortgage RatesFirst Internet Bank Mortgage RatesMortgage Calculator |