Refinance Rates Today at Record Lows: Current 30 Year Mortgage Refinance Rates at 3.39%

Refinance rates today hit another round of record low average rates, driven lower by the Fed purchasing mortgage backed securities (MBS) to the tune of $40 billion month. This is on top of the current program of reinvesting $45 billion a month in principal payments from holdings of agency debt and agency MBS back into agency MBS until the end of 2012. Both programs are designed to drive mortgage rates lower and the Fed's policies are already working.

Average conventional 30 year refinance rates are at 3.39 percent, down from yesterday's average 30 year refinance rate of 3.42 percent. Average 30 year refinance rates have made new lows 4 out of the past 5 days. You can find lenders offering 30 year mortgage refinance rates below the average of 3.39 percent depending on the state you live in.



Right now on our 30 year mortgage refinance rates list for the state of Arizona there is a lender offering 30 year refinancing rates at 3.00 percent. First Internet Bank is offering 30 year AZ refinance rates at 3.00 percent with 2 mortgage points. We also have many other lenders offering 30 year refi rates at 3.125 percent with various points. If you don't want to pay points on a loan First Internet Bank is also offering 30 year rates at 3.25 percent with zero points.

Mortgage rates today on 15 year conventional home loans are at a new record low averaging 2.82 percent, down from yesterday's average 15 year mortgage refinance rate of 2.84 percent. We also have lenders offering 15 year mortgage interest rates well below the average of 2.82 percent. Currently on our 15 year conforming refinance rates list for some cities in the state of New York we find several lenders offering rates as low as 2.375 percent with points.

Average 30 year jumbo mortgage refinance rates are at 4.01 percent today, down from an average 30 year jumbo mortgage rate of 4.04 percent yesterday. We also have many lenders offering 30 year jumbo refinance rates below 4.00 percent with points and without points.

15 year jumbo mortgage rates are currently averaging 3.31 percent, a decline from Monday's average 15 year jumbo mortgage interest rate of 3.35 percent. You can find 15 year jumbo refinance rates below the averages on our refi rates list so feel free to search and compare rates. No personal information is needed to see a list of rates.

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 1, 2023