Mortgage Applications and Mortgage Rates Decline This Week: Current Mortgage Rates on 30 Conforming Loans at 3.45 Percent

Average mortgage rates on fixed conforming and jumbo loans declined in the most recent mortgage application survey released this morning. Although average mortgage rates declined mortgage applications declined as well due to the Thanksgiving holiday. In the Mortgage Bankers Assocation's Weekly Application Survey 30 year mortgage rates averaged 3.53 percent for the week that ended on November 23, 2012, down slightly from the prior week's average rate of 3.54 percent. Average mortgage discount points on 30 year conforming loans remained unchanged at 0.40 points.

Mortgage rates today on 30 year conventional loans have fallen even further since the MBA's average for the week of November 23rd. Current mortgage rates on 30 year loans are averaging 3.45 percent and you can find lenders quoting 30 year rates even lower than the averages. Right now on our 30 year refinance rates list for the state of California we have lenders quoting conforming rates as low as 3.00 percent with 2 mortgage points.



Average 30 year jumbo mortgage rates in the MBA survey this week declined to 3.75 percent, down slightly from the previous week's average 30 year jumbo mortgage rate of 3.76 percent. Average mortgage discount points on jumbo loans declined to 0.31 points, down from the prior week's average of 0.40 points. Right now on our 30 year jumbo refinance rates list for the state of New Jersey we have lenders quoting 30 year jumbo refi rates as low as 3.75 percent with points. The lowest 30 year rate without points is at 3.99 percent, a rate still under 4.00 percent for a 30 year jumbo loan with no points is incredible.

Average 30 year FHA mortgage rates remained unchanged at 3.36 percent in this week's MBA survey. Average discount points on 30 year FHA loans declined to 0.31 points, down from last week's average of 0.40 points. Although the average FHA loan rate remained unchanged this week since average points on loans declined the effective rate declined.

Today's mortgage rates on 15 year conforming loans are lower than the MBA average for the week ending November 23rd. Average 15 year mortgage interest rates today are at 2.84 percent, which is lower than the MBA's average of 2.89 percent. The MBA average for November 23rd is unchanged from the prior week's average rate. Average points on 15 year conventional loans increased to 0.35 points, up from the prior week's average of 0.25 points. The effective rate increased this week because of the higher average points on 15 year loans.

You can find refinance rates today on 15 year conforming loans well below the averages. Right now on our 15 year refinance rates list for the state of South Carolina we have two lenders offering 15 year refi rates as low as 2.25 percent with points. The lowest refinance rate without points in SC is at 2.50 percent.

5 year adjustable mortgage interest rates averaged 2.60 percent for the week ending November 23, down from the prior week's survey average of 2.62 percent. Discount points on 5 year adjustable loans averaged 0.37 points this week, unchanged from last week's average. Current refinance rates on our Texas adjustable rate list can be found as low as 1.875 percent with points. Feel free to use our rate tables to find the best mortgage rates or refinance rates in your state.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Mortgage Rates December 3, 2023