Mortgage Rates: Lowest 30 Year Mortgage Rates Today at 3.625%
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.
Average Mortgage Rates