30 Year Mortgage Rates Down to 4.88%, 15 Year Mortgage Rates at 4.30%

Mortgage rates continued to decline since the beginning of the week.  Conforming fixed 30 year mortgage rates were over 5.00 percent last week but fell over 25 basis points this week. The current average 30 year rate for home purchases and refinances is at 4.88 percent.

Conforming fixed 15 year rates are also down this week. The average 15 year rate for a home purchase or refinancing an existing loan is at 4.30 percent, a decrease from the prior week's average rate of 4.398 percent.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.981
4.750
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 1.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $4,835
 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.168
3.990
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 1.000 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $3,359
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.269
4.250
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $675
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
5.179
5.125
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $1,825
 
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.375
4.375
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Citibank, N. A.
Citibank, N. A.
https://www.brimg.net/system/img/inst/8189_logo.gif
300000
Refinance
4.672
4.625
USD
Citibank, N. A. Logo
NMLS # 412915
(877) 387 - 1820
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,635
 
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.877
4.490
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 2.000 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $7,176
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.662
4.625
USD
Raymond James Bank, NA
4.662%
2/19/2019
4.625%
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.686
4.625
USD
Fulton Bank, NA
4.686%
2/19/2019
4.625%
at 0.375 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.665
4.625
USD
Citizens Bank, NA
4.665%
2/15/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.465
4.375
USD
Virginia Credit Union
4.465%
2/19/2019
4.375%
at 0.500 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.557
4.500
USD
State Department Federal Credit Union
4.557%
2/18/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.683
4.625
USD
Santander Bank, N.A.
4.683%
2/21/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.295
4.250
USD
Bank of Oak Ridge
4.295%
2/21/2019
4.250%
at 0.250 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.238
4.125
USD
Bank of America
4.238%
2/20/2019
4.125%
at 0.913 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.470
4.375
USD
Apple Federal Credit Union
4.470%
2/20/2019
4.375%
at 1.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.545
4.500
USD
Northwest Federal Credit Union
4.545%
2/20/2019
4.500%
at 0.500 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.406
4.375
USD
LincolnWay Community Bank
4.406%
2/19/2019
4.375%
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,085
 
 

Mortage Data Provided by Bankrate.com 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.






Today's 5 year conforming adjustable mortgage rate is averaging 3.84 percent, down from last week's average rate of 4.01 percent.

Jumbo mortgage rates have also declined this week. The average 30 year jumbo rate for refinances and home purchases is at 5.54 percent, down from a rate of 5.73 percent this past Monday.

Looking for mortgage rates and refinance rates? Use our mortgage rate tables: MortgageRates.MonitorBankRates.com

Current Mortgage Rates


The average conforming 30 year mortgage rate/refinance rate is down to 4.88 percent today, down from the prior week’s average 30 year interest rate of 5.07 percent.

15 year conforming home loan refinance rates are averaging is 4.30 percent this week, down from last week’s average mortgage rate of 4.395 percent.

15 Year Jumbo Mortgage Rates


The average 15 year jumbo mortgage interest rate is under 5.00 percent at 4.94 percent this week, down from last week’s average jumbo loan mortgage rate of 5.131 percent.

For a more extensive report on mortgage rates and refinance rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:

Conforming Adjustable Mortgage Rates


The average conforming 1 year adjustable rate mortgage is at 4.40 percent this week, a decrease from the prior week’s average 1 year home loan rate of 4.67 percent.

3 year conforming adjustable mortgage interest rates are averaging 4.55 percent this week, down from the previous week when 3 year home mortgage interest rates averaged 4.63 percent.

The average 5 year conforming ARM is averaging 3.86 percent this week, down from last week’s average home loan rate of 4.01 percent. The average 5 year mortgage refinance is also under 4.00 percent this week at 3.86 percent.

The average 7 year conforming ARM is at 4.41 percent, a decrease from the prior week’s average mortgage loan rate of 4.50 percent. 7 year mortgage refinance rates are also averaging at 4.41 percent this week.

The average 10 year adjustable bank mortgage rate is at  4.76 percent this week, down from last week’s average mortgage interest rate of 4.80 percent. 10 year home loan refinance rates are also at 4.80 percent this week.

Jumbo Adjustable Mortgage Rates


The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average home loan interest rate.

The average 3 year jumbo ARM is at 5.29 percent this week, a decrease from the prior week’s average home loan rate of 5.36 percent. 3 year home refinance rates are down to 5.29 percent this week.

The average 5 year jumbo ARM is at 4.70% this week, up from the previous week’s average mortgage rate of 4.69%. The average 5 year refinance loan is also at 4.70 percent this week.

7 year jumbo ARMs are averaging 5.44 percent this week,  down from last week’s average loan mortgage rate of 5.75 percent. 7 year loan refinance rates are also averaging 5.44 percent, down from the prior week’s average refinance rate.

10 year jumbo mortgage interest rates are averaging 5.86 percent this week, down from last week’s average 10 year rate of 5.96 percent. 10 year jumbo refinance loan rates are also lower this week, the average rate is 5.86 percent.

Interest Only Mortgage Rates


The average 3 year interest only mortgage rate is at 4.79% this week, down from the prior week’s average mortgage interest rate of 4.89%.

The average 5 year interest only home loan is at 3.98% this week, a decrease from last week’s average five year home interest only mortgage rate of 4.18%.

7 year IO home loans are averaging 4.59% this week, down from last week’s average interest rate of 4.68%.  The average 7 year IO refinance home loan rate is also at 4.59% this week.

Jumbo Interest Only Mortgage Rates


3 year jumbo IO loans are averaging 5.63 percent this week, down from last week’s jumbo interest mortgage rate of 5.71 percent. 3 year jumbo refinance interest rates are averaging 5.63 percent.

The average 5 year jumbo IO loan rate is at 5.30 percent, down from the prior week’s average IO mortgage rate of 5.39 percent. 5 year jumbo IO refinance interest rates are averaging 5.30 percent this week.

7 year jumo IO loans are averagingt 5.82 percent, down from the prior week’s average jumbo 7 year rate of 6.21 percent.

Home Equity Loan Rates


The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.481 percent this week, up from last week’s average equity home loan rate of 7.447 percent. 15 year home equity rates increased to 7.805 percent, up from last week’s average home equity rate of 7.707 percent.

Home Equity Line of Credit Rates (HELOC)


Average home equity line of credit rate was down to 4.777 percent this week, down from last week’s average HELOC rate of 4.899 percent.
 
 
Author: Brian McKay
March 11th, 2010
Posted in: Bank Mortgage Rates