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 NMLS # 19411
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 NMLS # 790396
NMLS # 19411
NMLS # 790396
NMLS # 790396
 NMLS # 2826
State Lic # 9823386
NMLS # 2826
State Lic # 9823386
3.375%
at 0.000 pts
30 day lock rate
Est payment: $1,417.52
Fees in APR: $828
Proponent Federal Credit Union
3.375%
at 0.000 pts
45 day lock rate
Est payment: $1,417.52
Fees in APR: $924
3.625%
at 0.000 pts
45 day lock rate
Est payment: $1,442.07
Fees in APR: $1,354
Malvern Federal Savings Bank
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $745
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: None
3.250%
at 0.000 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $606
3.625%
at 0.000 pts
60 day lock rate
Est payment: $1,442.07
Fees in APR: $580
3.375%
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $2,004
Somerset Savings Bank, SLA
3.125%
at 0.000 pts
90 day lock rate
Est payment: $1,393.22
Fees in APR: $432
3.375%
at 0.000 pts
30 day lock rate
Est payment: $1,417.52
Fees in APR: $1,018
3.500%
at 0.000 pts
30 day lock rate
Est payment: $1,429.77
Fees in APR: $316
3.375%
at 0.000 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $577
3.375%
at 0.500 pts
60 day lock rate
Est payment: $1,417.52
Fees in APR: $108
United Teletech Financial
3.125%
at 0.000 pts
30 day lock rate
Est payment: $1,393.22
Fees in APR: $795
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $432
3.125%
at 0.000 pts
60 day lock rate
Est payment: $1,393.22
Fees in APR: $170
3.250%
at 0.000 pts
55 day lock rate
Est payment: $1,405.34
Fees in APR: $200
Financial Resources Federal Credit Union
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $510
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $1,504
Credit Union of New Jersey
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $147
3.250%
at 0.000 pts
60 day lock rate
Est payment: $1,405.34
Fees in APR: $97
3.250%
at 0.353 pts
45 day lock rate
Est payment: $1,405.34
Fees in APR: $850
3.500%
at 0.000 pts
60 day lock rate
Est payment: $1,429.77
Fees in APR: $904
3.375%
at 0.000 pts
45 day lock rate
Est payment: $1,417.52
Fees in APR: $997
LincolnWay Community Bank
3.250%
at 0.000 pts
30 day lock rate
Est payment: $1,405.34
Fees in APR: $1,085
Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.
The rates above were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for Bankrate.com quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.
Mortgage rates continue to decline following 10 year U.S. Treasury yields lower. Average 30 year mortgage refinance rates are at 4.22 percent, down from the prior week’s average 30 year mortgage rate of 4.30 percent. So far in 2014 average 30 year mortgage rates have fallen more than 30 basis points and 10 year bond yields have fallen 40 basis points.
Lower interest rates wasn’t supposed to be the trend in 2014 as the Federal Reserve continues to taper their bond purchases and the unemployment rate ticks lower. Economic growth hasn’t been on fire which has kept a lid on inflation and interest rates. In fact this week’s decline in bond rates can be linked to investors fleeing to the safety of U.S. Treasuries as the trouble in Ukraine intensifies.
Low rates won’t last forever and rates will eventually move higher in 2014. The Fed’s purchases have dwindled to $45 billion a month, down from $85 billion a month in 2014. If the Fed continues to lower their purchases by $10 billion a month after each Fed meeting, by the October meeting they will have stopped buying these securities.
The Fed’s purchases does have some impact on interest rates but the bigger impact is economic growth. The first indication of better growth came this past week when the Labor Department reported 288,000 jobs created and the unemployment rate falling to 6.3 percent in the month of April. Forecasts were for 200,000 jobs being created and an unemployment rate of 6.6 percent.
If this trend continues bond rates will move higher and mortgage rates will also increase. The future direction of mortgage rates is higher for 2014 and beyond. By the end of this year, 30 year mortgage rates are forecasted to be around 5.00 percent. You should lock in a mortgage rate now if you’re planning on buying a home. If you’re thinking about refinancing your current mortgage, you should try to do so before rates move higher.
Mortgage rates today on 30 year loans are averaging 4.22 percent but there are many lenders quoting 30 year rates below the average. In our database of rates, we see many lenders quoting 30 year refinance rates around 4.00 percent. As you can see in most states listed below, there is at least one lender quoting 30 year rates below 4.00 percent.
Lowest 30 Year Rates Across the United States
- California – 3.875% with 0.10 mortgage point
- Nevada – 4.125% with 1 mortgage point
- Texas – 3.875% with 0.10 mortgage point
- Colorado – 3.875% with 0.10 mortgage point
- Illinois – 3.875% with 0.10 mortgage point
- Georgia – 3.875% with 0.10 mortgage point
- Florida – 3.875% with 0.10 mortgage point
- Maryland – 3.875% with 0.10 mortgage point
- Connecticut – 3.875% with 0.10 mortgage point
Author: Brian McKay
May 7th, 2014
Just as everyone was predicting that mortgage rates would rise, so far the opposite has happened in 2014. Average mortgage rates are down for the third consecutive week because of lower long term bond yields. 10 year bond yields are down to 2.73 percent, a decline from 2.86 percent last Wednesday.
Mortgage rates today on 30 year conforming loans are averaging 4.33 percent, down from the previous week’s average 30 year mortgage rate of 4.39 percent. The decline in average rates is remarkable considering that the Federal Reserve started winding down their purchases of mortgage-backed securities and long term bonds.
 30 Year Mortgage Rates Will Decline This Week
At the end of December, average 30 year mortgage rates were above 4.50 percent and look to move to 4.75 percent. Now we will probably see average 30 year rates decline further this week if equity markets continue to fall. Investors have withdrawn money from emerging markets, sending equities tanking both abroad and in the United States.
Currently, equity indices are mixed. The Dow is up 26 points and the NASDAQ is down 33 points. 10 year bond yields are lower by 1 basis point to 2.73 percent. If the down trend continues this week, bond yields and mortgage rates will continue to decline. The move out of riskier assets into the safe haven of U.S. Treasuries is the classic flight to quality we see whenever there is any fear in the markets. As bond prices rise, bond yields move lower. Lenders quote mortgage rates based on bond yields, so when yields fall mortgage rates follow lower.
The lowest quoted 30 year conforming refinance rates on our rate table for the state of California are currently at 3.875 percent with 2 mortgage points. The lowest quoted rates for 30 year loans without points is currently at 4.115 percent. We have lenders quoting rates in all other states in the same range as the rates listed for California.
Current 15 Year Mortgage Rates
Average 15 year mortgage rates today are currently at 3.40 percent, down from the prior week’s average 15 year mortgage rate of 3.45 percent. Late in 2013, average 15 year rates moved above 3.60 percent and looked to be headed as high as 3.75 percent. This coming week we will probably see average 15 year rates fall even lower, possibly as low as 3.25 percent.
If you’re searching for 15 year refinance rates, we have lenders quoting rates well below the average rate of 3.40 percent. In the state of Georgia we have 4 lenders quoting 15 year refi rates on conforming loans at 2.875 percent with various points. The best rates without points in the state of GA are currently at 3.125 percent.
Today’s 30 Year Jumbo Mortgage Rates
30 year jumbo mortgage rates are averaging 4.53 percent, a decline from last week’s average 30 year jumbo mortgage rate of 4.57 percent. Late last year, average 30 year jumbo rates were heading towards 5.00 percent but now they will move back below 4.50 percent. This week average 30 year jumbo rates will fall to around 4.40 percent to 4.45 percent.
The best 30 year jumbo refinance rates right now in our database for the state of Florida are well below the average and below 4.00 percent. The lowest rate on 30 year jumbo loans is currently at 3.85 percent with 2 mortgage points. The lowest 30 year jumbo rates without points in the state of Florida is still below the average at 4.34 percent.
15 Year Jumbo Mortgage Rates Today
Average 15 year jumbo mortgage interest rates are currently at 3.97 percent, a decline from the prior week’s average 15 year jumbo rate of 4.04 percent. This is the first time in a month that average 15 year jumbo rates are below 4.00 percent. This week the average rate could fall below 3.90 percent.
The lowest 15 year jumbo rates on our rate table are 60 basis points below the average rate. The best rate in the state of Texas is currently at 3.375 percent with 1 mortgage point. The lowest 15 year jumbo refi rate without points is at 3.50 percent, still below the average rate.
5/1 Adjustable Mortgage Rates
Average 5/1 conforming adjustable mortgage rates are at 3.52 percent, down from last week’s average 5 year adjustable mortgage rate of 3.55 percent. The best 5 year adjustable rates in our database are more than 1.00 percent below the average at 2.375 percent with just under 2 points. The lowest 5 year rate without points is also way below the average at 2.625 percent.
Jumbo 5 year adjustable rates are currently averaging 3.09 percent, no change from last week’s average 5 year jumbo rate. The best jumbo adjustable rate in our database are at 2.50 percent with 2 points and at 2.875 percent with no points.
Author: Brian McKay
January 28th, 2014
Today’s mortgage rates moved lower as 10 year bond yields fell from recent highs set earlier this week. 10 year bond rates peaked this week at 2.88 percent and are currently at 2.83 percent, as a result mortgage rates are lower and will decline more this week.
Ten year bond rates hit a recent high of 2.88 percent and looked to break through 2.90 percent have fallen the past couple of days down to 2.81 percent. This decline will send mortgage rates lower over the rest of this week. As for the rest of 2013, average mortgage rates will remain near current levels. There will be no big moves in rates unless the budget deal reached in Washington is voted down.
 Mortgage rates today on 15 year conforming loans are averaging 3.44 percent, a decline from last week’s average 15 year mortgage rate of 3.46 percent. The outlook for average 15 year conventional mortgage rates this month is within current ranges. Average rates could drop as low as 3.25 percent and on the upside, rates could increase to around 3.65 percent.
The best 15 year mortgage rates in our database for the state of New Jersey are still under 3.00 percent at 2.875 percent with points. The lowest 15 year rate without points is at 3.125 percent, still below the average rate. Lenders in our databases are quoting the same 15 year mortgage refinance rates in most states right now.
30 Year Conforming Mortgage Rates
30 year conforming mortgage rates are currently averaging 4.42 percent, a slight decline from last week’s average 30 year mortgage rate of 4.43 percent. Average 30 year rates will also remain near current levels for the rest of 2013. On the low side, rates could drop as low as 4.25 percent or move as high as 4.65 percent.
Today’s 30 year mortgage rates in our database are quoted below the average of 4.42 percent and below 4.00 percent if you’re willing to pay points. The lowest 30 year refinance rate right now in our database for California is 3.875 percent with points and the lowest rate without points is quoted at 4.125 percent. The same lenders are also quoting 30 year refinance rates in most other states in our databases.
30 Year Jumbo Mortgage Rates Today
Average 30 year jumbo mortgage rates today are at 4.52 percent, an increase from last week’s average 30 year jumbo mortgage rate of 4.46 percent. The increase in average jumbo rates this week will be temporary and rates will decrease this week. For the remainder of 2013, average 30 year jumbo rates will be in a range of 4.35 percent to 4.70 percent.
The lowest jumbo mortgage rates in our database for the state of Colorado are currently at 4.125 percent with 1.33 mortgage points. The lowest 30 year jumbo refi rates without points are still below the average at 4.375 percent.
Today’s 15 Year Jumbo Rates
Today’s mortgage rates on 15 year jumbo loans are averaging 3.82 percent, down from last week’s average 15 year jumbo rates of 3.85 percent. For the rest of 2013, average 15 year jumbo rates will probably be in a range of 3.65 percent to 4.00 percent. Right now the lowest 15 year jumbo rates in our databases are lower than the average.
The lowest 15 year jumbo refi rate in our database for the state of Florida is currently at 3.50 percent with points. The lowest 15 year jumbo refi rate without points in FL is at 3.875 percent, just above the national average rate.
Current 5 Year Adjustable Mortgage Rates
Conventional 5 year adjustable refinance mortgage rates are averaging 3.49 percent, a large decline from last week’s average 5 year adjustable rate of 3.61 percent. For the rest of 2013, average 5 year adjustable rates will probably remain between 3.35 percent and 3.70 percent.
Currently, the lowest 5 year adjustable refinance rates in our database are much lower than the average rate. The lowest 5 year refi rate with points in our database for Texas is at an incredibly low rate of 2.125 percent. The lowest 5 year TX refi rate without point is also way below the average at 2.625 percent.
Jumbo 5 Year Adjustable Mortgage Rates Today
Jumbo adjustable mortgage rates today on 5 year jumbo loans are averaging 2.89 percent, an increase from the previous week’s average 5 year jumbo rate of 2.83 percent. 5 year jumbo rates will remain in a range of 2.60 percent to 3.10 percent for the rest of this year.
Right now the lowest 5 year jumbo refinance rates in our database are also more than 1.00 percent below the average. The best 5 year jumbo rate in our database for the state of Pennsylvania is currently at 2.25 percent with points. The lowest 5 year jumbo refi rate without points in PA is currently at 2.75 percent, also more than 1.00 percent below the average rate.
Author: Brian McKay
December 11th, 2013
Mortgage rates retreated this week, average 30 year conforming mortgage rates declined to 4.33 percent today, down from last week’s average 30 year mortgage rate of 4.39 percent. Fixed mortgage rates are lower this week on lower bond yields, which fell 10 basis points over the past week to close at 2.68 percent.
With the confirmation of Janet Yellen as the new Federal Reserve Chair all but certain, investors have breathed a slight of relief that the Fed won’t change their easing anytime soon. The Fed has kept bond rates and mortgage interest rates low through a series of policies including buying mortgage-backed securities and long term U.S. bonds. Janet Yellen has advocated to keep the easing going for now, which will keep a lid on mortgage rates.
Search for Rates in Your State Here: Current Mortgage Rates
 If you’re searching for 30 year conforming mortgage refinance rates, we have lenders quoting rates below the average of 4.33 percent. Currently, the lowest 30 year refinance rates in our database are at 3.625 percent with just under 1 mortgage point. The best 30 year refinancing rates without points are currently at 4.00 percent, still below the average rate.
For the rest of 2013, 30 year conforming rates will be range-bound between 4.00 percent and 4.50 percent. Interest rates are headed higher in 2014, so now is the time to lock in a rate if you’re buying a home. If you’re refinancing your loan, you should also do so now since rates are moving higher.
Average 15 Year Mortgage Rates at 3.37%, Best 15 Year Rates at 2.75%
Average 15 year conventional mortgage rates are down to 3.37 percent this week, a decline from the prior week’s average 15 year mortgage rate of 4.45 percent. For the rest of 2013, average mortgage rates on 15 year conforming loans will be in a range of 3.10 percent to 3.60 percent.
The lowest 15 year mortgage rates available in our database are more than 50 basis points below the average rate. Right now the best 15 year mortgage rate quoted by lenders is at 2.75 percent with points. The lowest 15 year rates without points is below the average and still below 3.00 percent at 2.99 percent.
Current Mortgage Rates on 30 Year Jumbo Loans
30 year jumbo mortgage rates today are averaging 4.51 percent, a decline from the previous week’s average 30 year jumbo mortgage rate of 4.54 percent. For the rest of this year, average 30 year jumbo mortgage interest rates will be in a range of 4.30 percent and 4.70 percent.
The best jumbo mortgage rates in our database right now are 0.51 percent below the average rate at 4.00 percent with 2 mortgage points. The best jumbo refinance rates without points right now in our database are also below the average at 4.125 percent.
15 Year Jumbo Mortgage Rates Today
Average 15 year jumbo mortgage rates today are at 3.93 percent, down from last week’s average 15 year mortgage rate of 3.98 percent. 15 year jumbo rates on average will remain under 4.10 percent for the rest of 2013 and might move as low as 3.75 percent.
Currently, the best 15 year jumbo mortgage refinance rates in our database are more than 75 basis points below the average. The lowest rate right now in our database are at 3.125 percent with 1.25 mortgage points. The lowest 15 year jumbo refi rates without points right now are at 3.50 percent.
Today’s Mortgage Rates on 5 Year Adjustable Loans
5 year conventional adjustable mortgage rates are averaging 3.56 percent today, a slight decline from last week’s average 5 year adjustable mortgage rate of 3.57 percent. For the rest of 2013, average 5 year adjustable rates will remain between 3.40 percent and 3.70 percent.
The best 5 year adjustable refinance rates in our database today are well below the average rate. The best rate right now is at 2.125 percent with points, almost 1.50 percent below the average rate. The lowest 5 year rate without points is at 2.49 percent, still 1.00 percent below the average rate.
Current 5 Year Jumbo Adjustable Rates
Current mortgage rates on 5 year jumbo loans are averaging 2.87 percent, down slightly from last week’s 5 year jumbo adjustable rate of 2.88 percent. 5 year jumbo rates will remain in a range of 2.75 percent and 3.00 percent for the rest of 2013.
Right now, the lowest 5 year jumbo adjustable refi rates in our database are much lower than the average at 2.125 percent. The best jumbo rates on 5 year adjustable loans is also below the average at 2.49 percent.
Author: Brian McKay
November 19th, 2013
At one point this summer it looked like 30 year conforming mortgage rates would break through 5.00 percent sometime in 2013. Now it appears 30 year rates will fall back under 4.00 percent this year. Average 30 year mortgage rates today are down again at 4.27 percent, a decline from last week’s average rate of 4.28 percent.
Current mortgage rates are heading lower again because 10 year bond yields are moving lower. In early September, 10 year bond yields hit a high of 2.97 percent, today’s 10 year rate is at 2.65 percent. The future direction of both bond yields and mortgage rates will depend on the politicians in Washington.
30 Year Mortgage Rates Today Quoted Under 4.00 Percent
In the short term, whether or not budget and debt ceiling deals are made, rates will drift lower from here. 30 year mortgage rates on average will probably go as low as 4.00 percent sometime in October though right now you can find lenders quoting rates below 4.00 percent.
The lowest mortgage rates currently available in our rate database for 30 year loans are at 3.75 percent with points. The lowest 30 year mortgage refinance rates without points in our database are slightly higher at 4.00 percent.
Today’s Mortgage Rates on 15 Year Conventional Loans
 Today’s average rates on 15 year conventional loans are at 3.34 percent, up one basis point from last week’s average 15 year mortgage rate of 3.33 percent. While 15 year rates are slightly higher this week, rates are still down more than 50 basis points from the highs set this summer.
At one point 15 year rates were about to move to the 4.00 percent range but have since fallen five out of the last six weeks. It’s quite possible 15 year rates on average will move down towards 3.00 percent again, but I don’t see average rates falling below 3.00 percent.
You still can find lenders quoting 15 year refinance rates below the average rate and below 3.00 percent. The best 15 year refinancing rate right now in our database is at 2.75 percent with points. The lowest 15 year refi rate without points in our database is exactly at 3.00 percent.
Current Mortgage Rates on 30 Year Jumbo Mortgages
Average 30 year jumbo mortgage rates currently are at 4.51 percent, down 10 basis points from last week’s average 30 year jumbo mortgage rate of 4.61 percent. 30 year jumbo rates were about to break above 5.00 percent this summer, getting as high as 4.88 percent.
The last time 30 year jumbo rates were above 5.00 percent was over three years ago when rates hit 5.13 percent back in July 2010. Right now in our jumbo rate database we have many lenders quoting 30 year jumbo refinance rates well below the average rate.
The lowest 30 year jumbo refinancing rate without points is at 3.75 percent with 2 mortgage points. The lowest 30 year jumbo rate without points today is available at 4.125 percent. Both jumbo rates are well below the current average rate of 4.51 percent.
15 year Jumbo Mortgage Rates Today Move Lower
15 year jumbo mortgage rates today are slightly lower averaging 3.82 percent, down from the previous week’s average 15 year rate of 3.85 percent. 15 year jumbo rates have fallen considerably since July when the average rate hit 4.62 percent on July 15th.
The best 15 year jumbo rates in our database are much lower than the current average rate. The lowest rate right now is at 3.125 percent with points. The lowest rate without points is slightly lower than the average rate at 3.75 percent.
Author: Brian McKay
October 8th, 2013
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30 Year Mortgage Rates Will Decline This Week
