Mortgage Refinance Rates Hit New Low Mortgage Rate Survey: 30 Year Refinance Rates at 3.72 Percent

In a survey released yesterday current mortgage refinance rates hit another record low for fixed conforming 30 year mortgages and fixed conforming 15 year mortgages. Also hitting a new all-time record low in the Mortgage Bankers Association's Weekly Application Survey were adjustable mortgage rates on 5 year conventional adjustable loans. Average 30 year conforming mortgage rates hit a record low of 3.72 percent with 0.45 mortgage points for the week ending September 14, 2012, a decline from the previous week's average 30 year mortgage rate of 3.75 percent with 0.44 points.

The MBA's application survey is a trailing indicator of average mortgage rates and rates have fallen since September 14, 2012. In today's Bankrate's national average mortgage rate survey, 30 year conforming mortgage rates are lower averaging 3.52 percent. These rates are average rates, you can find mortgage interest rates below the averages.

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 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%
4/18/2019
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 Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.316
4.250
USD
Northwest Federal Credit Union
4.316%
4/17/2019
4.250%
at 0.750 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.343
4.250
USD
Bank of America
4.343%
4/17/2019
4.250%
at 0.671 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.345
4.250
USD
Apple Federal Credit Union
4.345%
4/17/2019
4.250%
at 1.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.278
4.250
USD
TD Bank, NA
4.278%
4/19/2019
4.250%
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.432
4.375
USD
State Department Federal Credit Union
4.432%
4/22/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.328
4.250
USD
Virginia Credit Union
4.328%
4/23/2019
4.250%
at 0.375 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.539
4.500
USD
Fulton Bank, NA
4.539%
4/23/2019
4.500%
at 0.125 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.557
4.500
USD
Santander Bank, N.A.
4.557%
4/23/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.155
4.125
USD
LincolnWay Community Bank
4.155%
4/23/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
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.






Demand for home loans fell this week even though several types of mortgage products hit record lows in the survey. The MBA's Market Composite Index, which measures mortgage loan application volume, is down 0.2 percent on a seasonally adjusted basis from one week earlier.  The Refinance Index, which is a measure of loan application volume for refinancing loans, increased 1 percent from the previous week. The seasonally adjusted Purchase Index, which is a measure of loan application volume for loans to buy homes, decreased 4 percent from one week earlier.

Refinance rates today can be found well below the average 30 year refinance rates. Right now on our 30 year refinance rates list for the state of New Jersey there are several lenders offering rates below the averages. Amerisave is offering 30 year refinance rates at 3.00 percent with 1.812 points. If you want a 30 year mortgage without having to pay points currently on our NJ refinance rates list Amerisave is also offering 30 year refinancing rates at 3.25 percent with no points.

Average conventional 15 year mortgage rates hit an all-time record low of 3.03 percent with 0.39 mortgage points for the week ending September 14, 2012. Average 15 year mortgage rates are down from the prior week's average of 3.07 percent with 0.39 points. Today's mortgage rates on 15 year conforming loans are averaging 2.94 percent in Bankrate's national rate survey.

As with 30 year average rates you can find lenders offering 15 year mortgage interest rates below the averages listed above. Current refinance rates on 15 year loans in Florida can be found as low as 2.375 percent with points. Both Amerisave and Roundpoint Mortgage Company are both offering 15 year refinance rates today at 2.375 percent with points on our rate list in FL.

Average 30 year jumbo mortgage rates for the week ending September 14, 2012, are once again below 4.00 percent averaging 3.99 percent with 0.35 points. The average 30 year jumbo mortgage rate is down from the prior week's average of 4.00 percent with 0.30 mortgage points.

Current mortgage rates on 30 year jumbo loans have declined further since the MBA's report since bond yields have declined. You can also find 30 year jumbo refinance rates currently below the averages. If you live in the state of California you can find jumbo refinance rates today on 30 year loans as low as 3.625 percent with points on our rate table for CA. Without points there are lenders offering 30 year jumbo mortgage refinance rates at 4.00 percent in California.

Average FHA 30 mortgage rates were at 3.50 percent with 0.57 mortgage points for the week ending September 14, 2012, matching an all-time record low for 30 year FHA mortgage rates. FHA mortgage rates today are even lower than the average in the MBA survey.

5 year adjustable mortgage rates hit an all-time record low of 2.61 percent with 0.32 mortgage points, down from an average 5 year adjustable mortgage interest rate of 2.63 percent with 0.47 mortgage points. You can find 5 year adjustable mortgage rates currently below the average of 2.61 percent. Right now on our 5 year adjustable refinance rates list for the state of Illinois there are lenders offering 5 year adjustable refi rates as low as 2.25 percent with points.
 
 
Author: Robert Till
September 20th, 2012
Posted in: Bank Mortgage Rates