Mortgage Rates at Credit Unions Decline on News the FOMC Won’t Taper

Mortgage rates at credit unions have already started moving lower on news the Federal Open Market Committee won't taper their bond purchases. The move lower for mortgage rates is great news for those seeking to buy a home or even refinance an existing loan. Rates are already low historically speaking and since rates are headed down again, today is a very good day to lock in a rate.

Since the financial crisis and Great Recession, the FOMC has forced mortgage interest rates down to record lows to help the housing market recover. The Fed has been very successful at this and has sent 30 year conforming mortgage rates down to a record low of 3.235 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 First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.596
4.500
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $3,034
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.463
4.375
USD
Home Loans Today Logo
NMLS # 152859
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,796
 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.668
4.625
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,200
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.948
4.875
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.100 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $2,199
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.477
4.375
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,270
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.482
4.375
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,469
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.572
4.460
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 0.100 pts
30 day lock rate
Est payment: $1,512.93
Fees in APR: $3,600
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.501
4.375
USD
Agora Lending Logo
NMLS # 1121650
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $4,099
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.689
4.625
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,935
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.566
4.490
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.100 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $2,348
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.558
4.500
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 0.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,730
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.605
4.500
USD
CIT Bank Logo
NMLS # 541760
(877) 266-2069
at 0.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $3,352
Thank you for your inquiry! We look forward to working with you. 
 
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
4.688
4.490
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 1.000 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $3,861
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.785
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,526
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.950
4.875
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.100 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $2,257
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.582
4.500
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.100 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $2,555
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.473
4.375
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 0.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $3,144
 
 
30 yr fixed Mortgage Loan from McGlone Mortgage Group
McGlone Mortgage Group
https://www.brimg.net/system/img/inst/2125_logo.gif
300000
Refinance
4.680
4.625
USD
McGlone Mortgage Group Logo
NMLS # 3232
State Lic # MC-1532
(877) 475-4039
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $1,895
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Capital Bank N.A.
Capital Bank N.A.
https://www.brimg.net/system/img/inst/8589_logo.gif
300000
Refinance
4.763
4.750
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
(877) 872-6895
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $462
 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
4.625
4.625
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.750
4.750
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
5.142
5.125
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 0.000 pts
30 day lock rate
Est payment: $1,633.46
Fees in APR: $569
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.632
4.625
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 0.000 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $236
Thanks for the inquiry! 
 
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
4.654
4.625
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
(877) 591-8350
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $995
 
30 yr fixed Mortgage Loan from First Internet Bank
First Internet Bank
https://www.brimg.net/system/img/inst/7814_logo.gif
300000
Refinance
4.753
4.750
USD
First Internet Bank Logo
NMLS # 424182
(877) 321-6303
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $91
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.710
4.710
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 0.000 pts
30 day lock rate
Est payment: $1,557.72
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.750
4.750
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Republic Bank
Republic Bank
https://www.brimg.net/system/img/inst/2248_logo.gif
300000
Refinance
4.750
4.750
USD
Republic Bank Logo
NMLS # 402606
(877) 873-1051
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.875
4.875
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
4.643
4.625
USD
Agora Lending Logo
NMLS # 1121650
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $613
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
5.125
5.125
USD
Ally Bank Logo
NMLS # 181005
(877) 738-5335
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from LoanLock
LoanLock
https://www.brimg.net/system/img/inst/9948_logo.gif
300000
Refinance
4.625
4.625
USD
LoanLock Logo
NMLS # 237507
(877) 497-6252
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
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
4.750
4.750
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
(877) 210-3816
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.640
4.615
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 0.000 pts
30 day lock rate
Est payment: $1,540.62
Fees in APR: $884
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Northpointe Bank
Northpointe Bank
https://www.brimg.net/system/img/inst/10077_logo.gif
300000
Refinance
4.625
4.625
USD
Northpointe Bank Logo
NMLS # 447490
(877) 526-5061
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Aurora Financial
Aurora Financial
https://www.brimg.net/system/img/inst/4284_logo.gif
300000
Refinance
4.556
4.500
USD
Aurora Financial Logo
NMLS # 35959
State Lic # MC-2967
(877) 385-9793
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,962
 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.535
4.500
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: $1,212
 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.625
4.625
USD
Home Loans Today Logo
NMLS # 152859
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Home Loans Today
Home Loans Today
https://www.brimg.net/system/img/inst/9159_logo.gif
300000
Refinance
4.388
4.250
USD
Home Loans Today Logo
NMLS # 152859
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $1,560
 
 
30 yr fixed Mortgage Loan from CF Bank
CF Bank
https://www.brimg.net/system/img/inst/10390_logo.gif
300000
Refinance
4.412
4.250
USD
CF Bank Logo
NMLS # 409132
(877) 466-9076
at 1.100 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $2,399
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.796
4.625
USD
Flagstar Bank Logo
NMLS # 417490
(877) 845-0652
at 1.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,587
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Agora Lending
Agora Lending
https://www.brimg.net/system/img/inst/10036_logo.gif
300000
Refinance
9.509
9.125
USD
Agora Lending Logo
NMLS # 1121650
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $6,649
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Optimum First Mortgage Inc.
Optimum First Mortgage Inc.
https://www.brimg.net/system/img/inst/7604_logo.gif
300000
Refinance
4.415
4.250
USD
Optimum First Mortgage Inc. Logo
NMLS # 240415
(877) 318-5242
at 1.100 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,507
 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.536
4.375
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
(877) 210-6855
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,325
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Triumph Bank Home Loans
Triumph Bank Home Loans
https://www.brimg.net/system/img/inst/9373_logo.gif
300000
Refinance
9.495
9.125
USD
Triumph Bank Home Loans Logo
NMLS # 258821
(877) 441-8944
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $6,295
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.507
4.325
USD
CIT Bank Logo
NMLS # 541760
(877) 266-2069
at 1.100 pts
45 day lock rate
Est payment: $1,489.02
Fees in APR: $3,070
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from AimLoan.com
AimLoan.com
https://www.brimg.net/system/img/inst/1739_logo.gif
300000
Refinance
4.521
4.375
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
(877) 899-4115
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,805
 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
9.562
9.125
USD
Sol Mortgage Logo
NMLS # 53112
(877) 720-6071
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $7,975
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.429
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 407-3813
at 1.100 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $3,344
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
5.048
4.990
USD
Bank of Oak Ridge
5.048%
11/15/2018
4.990%
at 0.377 pts
60 day lock rate
Est payment: $1,608.63
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.858
4.750
USD
Bank of America
4.858%
11/14/2018
4.750%
at 0.811 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
5.075
5.000
USD
Citizens Bank, NA
5.075%
11/16/2018
5.000%
at 0.375 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
5.069
5.000
USD
Northwest Federal Credit Union
5.069%
11/14/2018
5.000%
at 0.750 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.789
4.750
USD
TD Bank, NA
4.789%
11/16/2018
4.750%
at 0.125 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from Armed Forces Bank, N.A.
Armed Forces Bank, N.A.
300000
Refinance
5.029
5.000
USD
Armed Forces Bank, N.A.
5.029%
11/14/2018
5.000%
at 0.000 pts
30 day lock rate
Est payment: $1,610.46
Fees in APR: $999
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.973
4.875
USD
Apple Federal Credit Union
4.973%
11/21/2018
4.875%
at 1.000 pts
60 day lock rate
Est payment: $1,587.62
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
5.184
5.125
USD
Santander Bank, N.A.
5.184%
11/21/2018
5.125%
at 0.000 pts
60 day lock rate
Est payment: $1,633.46
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.907
4.875
USD
LincolnWay Community Bank
4.907%
11/20/2018
4.875%
at 0.000 pts
30 day lock rate
Est payment: $1,587.62
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.956
4.875
USD
Virginia Credit Union
4.956%
11/20/2018
4.875%
at 0.375 pts
45 day lock rate
Est payment: $1,587.62
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
5.085
5.000
USD
Fulton Bank, NA
5.085%
11/20/2018
5.000%
at 0.625 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.683
4.625
USD
State Department Federal Credit Union
4.683%
11/19/2018
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,000
 
 

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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.






The 3.35 percent rate is an average rate set in November 2012. At the time you could find lenders quoting 30 year mortgage rates as low as 2.875 percent with points. When getting a loan you can "buy down" the rate by paying money upfront in the form of points. Each point is equal to 1 percent of the loan.

30 Year Mortgage Rates Today


Mortgage Rates at Credit Unions Decline on News the FOMC Won't TapperMortgage rates today on 30 year conforming loans are averaging 4.37 percent, down from an average mortgage rate of 4.55 percent set last week. Currently, on our rate tables Pentagon Federal Credit Union is quoting 30 year mortgage rates at 4.25 percent with 1.25 mortgage points.

The lowest mortgage rates on 30 year home loans on our rate table is from Aimloan.com at 3.875 percent with 1.817 mortgage points. While rates have moved higher from the all-time lows set back in November 2012, these rates are still very low historically speaking. 30 year rates will probably come down from their levels but I don't expect rates to fall as low as they were back in November.

Current Mortgage Rates on 15 Year Conforming Loans


Current mortgage rates on 15 year conforming home loans are also lower this week averaging in at 3.42 percent, down from last week's average 15 year mortgage rate of 3.57 percent. The all-time record low for 15 year mortgage rates was 2.66 percent, also in November 2012.

15 year rates are also on the decline again thanks to the Fed's decision to keep a lid on interest rates. The Fed has forced all long term interest rates lower by buying long term bonds and agency mortgage-backed securities (MBS). The Fed has been buying $40 billion a month in MBS and $45 billion a month in long term bonds.

30 Year Jumbo Mortgage Rates Today


30 year jumbo mortgage rates today are averaging 4.67 percent, down from last week's average 30 year jumbo rate of 4.84 percent. Jumbo 30 year mortgage rates have also increased since late last year. The lowest point last year for 30 year jumbo rates was at 3.94 percent. At the time some lenders including one of the biggest lenders, CitiMortgage, were quoting 30 year jumbo rates as low as 3.50 percent. These days, the lowest 30 year jumbo rates are quoted at 4.125 percent with points. PenFed Credit Unions mortgage rates on 30 year jumbo loans are quoted at 4.25 percent with 1.25 mortgage points.

Jumbo Mortgage Rates on 15 Year Loans


Average 15 year jumbo mortgage rates today are once again under 4.00 percent at 3.96 percent. This is the first time in a couple of months that 15 year rates moved under 4.00 percent. 15 year jumbo rates will continue to move down and probably fall as low as 3.75 percent in the coming weeks.

The lowest point for 15 year jumbo rates late last year was 3.18 percent. During that time lenders on our rate tables were quoting 15 year jumbo refinance rates as low as 2.875 percent with points. Currently, the lowest jumbo rates on 15 year loans are quoted by PenFed Credit Union at 3.25 percent with 1.25 points.

5 Year Conforming Adjustable Mortgage Rates


Adjustable mortgage rates on 5 year conforming loans declined this week to 3.66 percent, down from last week's average 5 year adjustable mortgage rate of 3.77 percent. The lowest point for average 5 year adjustable refinance rates in November of last year was at 2.86 percent.  At that time, we had lenders quoting 5 year adjustable refinance rates as low as 1.50 percent with points. Currently the lowest 5 year rates available on our rate table are from Roundponit mortgage company at 2.375 percent with points. PenFed Credit Union is quoting 5 year adjustable rates at 2.75 percent with 1 point.

5 year Jumbo Adjustable Mortgage Rates


Today's mortgage rates on 5 year jumbo adjustable loans are still averaging below 5 year conforming rates. The current average rate is at 3.24 percent. Last week 5 year jumbo adjustable rates averaged 3.37 percent. The low point for 5 year jumbo loans late last year was just under 3.00 percent at 2.98 percent.

Searching our rate tables, the lowest quoted 5 year jumbo adjustable rates are from Diamond Mortgage Company at 2.625 percent with 1 mortgage point. PenFed Credit Union is quoting 5 year jumbo rates just above at 2.75 percent with 1 point.
 
 
Author: Brian McKay
September 20th, 2013