Mortgage Rates: Average 30 Year Mortgage Rates Fall to 4.25 percent

Uncertainty in the financial markets in the United States and abroad is causing mortgage rates to move lower. Average 30 year conforming mortgage rates have fallen to 4.25 percent this week, a new low this year. Investors have indirectly forced mortgage rates lower by purchasing U.S. Treasuries.

When investors buy bonds, prices move higher and bond yields move lower. Mortgage lenders tie their rates to long term bond yields, so when bond yields fall, mortgage rates follow lower. Average 30 year mortgage rates started 2014 near 5.00 percent and looked to move above 5.00 percent but now rates might drop as low as 4.00 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 Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.230
4.125
USD
Ally Bank Logo
NMLS # 181005
at 0.100 pts
45 day lock rate
Est payment: $1,453.95
Fees in APR: $3,450
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.223
3.990
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 1.000 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $5,283
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.094
3.990
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671
at 0.100 pts
30 day lock rate
Est payment: $1,430.52
Fees in APR: $3,431
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
4.052
3.990
USD
First Midwest Bank Logo
NMLS # 423112
at 0.750 pts
60 day lock rate
Est payment: $1,430.52
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
4.125
4.125
USD
First Midwest Bank Logo
NMLS # 423112
at 0.000 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.427
4.375
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,825
 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.380
4.375
USD
Ally Bank Logo
NMLS # 181005
at 0.000 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $194
Thanks for the inquiry! 
 
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
4.258
4.250
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
(877) 388 - 2721
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $299
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.240
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671
at 0.000 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $2
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from Aurora Financial
Aurora Financial
https://www.brimg.net/system/img/inst/4284_logo.gif
300000
Refinance
4.017
4.000
USD
Aurora Financial Logo
NMLS # 35959
State Lic # MC-2967
(877) 359 - 1505
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $607
 
 
30 yr fixed Mortgage Loan from First Midwest Bank
First Midwest Bank
https://www.brimg.net/system/img/inst/10612_logo.gif
300000
Refinance
3.863
3.750
USD
First Midwest Bank Logo
NMLS # 423112
at 1.375 pts
60 day lock rate
Est payment: $1,389.35
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from E-Click Lending
E-Click Lending
https://www.brimg.net/system/img/inst/4213_logo.gif
300000
Refinance
4.256
3.875
USD
E-Click Lending Logo
NMLS # 227765
State Lic # MC-5920
(877) 387 - 3899
at 2.000 pts
30 day lock rate
Est payment: $1,410.71
Fees in APR: $7,446
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
3.928
3.740
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
(877) 388 - 9671
at 1.100 pts
30 day lock rate
Est payment: $1,387.65
Fees in APR: $3,515
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.529
4.500
USD
Fulton Bank, NA
4.529%
4/16/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $1,007
 
 
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%
4/16/2019
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 Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.415
4.375
USD
Citizens Bank, NA
4.415%
4/12/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,408
 
 
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%
4/16/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,085
 
 
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%
4/15/2019
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 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 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 Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.557
4.500
USD
Santander Bank, N.A.
4.557%
4/19/2019
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 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
 
 

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.





Fed's Actions Will Lead to Higher Mortgage Rates in 2014


Everyone believed bond rates and mortgage rates would move higher because the Federal Reserve started tapering their monthly purchases of long term bonds and mortgage-backed securities. The Fed cut their purchases from $85 billion a month to $65 billion a month and will continue slowing their buys throughout 2014.

The Fed's actions will eventually lead to higher mortgage rates sometime in 2014, so if you're thinking of getting a mortgage you should lock in a rate now. Average 30 year rates are at 4.00 percent but there are many lenders quoting 30 year rates with points below 4.00 percent.

Mortgage Rates Fall This WeekLowest 30 Year Mortgage Refinance Rates at 3.75 Percent


The lowest 30 year rates in our database have fallen 0.125 percent this past week. The best 30 year mortgage rates today on our rate table for the state of California are now at 3.75 percent with 2 mortgage points. The two lenders quoting 30 year rates at 3.75 percent are Aimloan.com and Nations Choice Mortgage. We also have five other lenders quoting 30 year rates at 3.875 percent with various point combinations.

The lowest 30 year rates without points on our table are still below the average rate of 4.25 percent. The lowest 30 year refinance rates quoted on our table for CA are currently at 4.00 percent. The three lenders quoting a 4.00 percent rate with no points are Loan Depot, Home Loan Enterprise, and Sebonic Financial.

Today's Mortgage Rates on 15 Year Conforming Loans


15 year mortgage rates have fallen to a new low for 2014 and will continue to move lower this week because of lower bond rates. 15 year conforming mortgage rates today are currently averaging 3.29 percent, a decline from last week's average 15 year mortgage rate of 3.40 percent.

The best 15 year conforming refinance rates available on our rate table have also fallen 0.125 percent this past week. The best 15 year mortgage rates in our database for the state of Massachusetts are currently at 2.75 percent. We have three lenders quoting this rate, Roundpoint Mortgage Company, Aimloan, and American InterBanc.com Mortgage Bankers.

Current 30 Year Jumbo Mortgage Rates


30 year jumbo mortgage rates are back under 4.50 percent, which is also a new low for average 30 year jumbo rates this year. 30 year jumbo rates are averaging 4.41 percent, a decline from the previous week's average 30 year jumbo rate of 4.52 percent. In early January, 30 year jumbo rates were near 5.00 percent but now it looks like rates will head back down to around 4.25 percent.

The best 30 year jumbo refinance rates in our database for the state of Maryland are currently at 4.25 percent with no mortgage points. The two lenders quoting 30 year jumbo rates that low are Citi Mortgage and BB&T Home Mortgage. We also have lenders  in most of the other states quoting 30 year jumbo refi rates as low.

15 Year Jumbo Mortgage Rates Today


Average 15 year jumbo mortgage rates today are down to 3.63 percent, a decline from the prior week's average 15 year jumbo rate of 4.74 percent. 15 year jumbo rates are now at a new low for 2014 but still above the all-time low of 3.27 percent, set just over a year ago.

The best 15 year jumbo refi rates in our database for the state of Connecticut are much lower than the average rate. The lowest quoted rate is currently at 3.125 percent with 1 mortgage point from Merrimack Mortgage Company. The lowest 15 year jumbo rate without points is also from Merrimack Mortgage Company at 3.25 percent.

5/1 Adjustable Mortgage Rates


Adjustable mortgage rates on 5 year loans are currently averaging 3.45 percent, down from last week's average 5 year adjustable mortgage rate of 3.51 percent. Average 5 year rates are around 3.50 percent but there are many lenders quoting 5 year rates more than a full percentage point below the average.

The best adjustable rate in our database for the state of Texas is at 2.375 percent with just over 1 mortgage point. We have two lenders quoting that rate and point combination, Aimloan and Roundpoint Mortgage Company. The lowest 5 year adjustable rate without points on our table for TX is currently at 2.625 percent from Loan Depot.

Jumbo Adjustable Mortgage Rates on 5 Year Loans


5 year jumbo adjustable mortgage rates have fallen back below 3.00 percent this week. Current 5 year jumbo rates are averaging 2.92 percent, which is a decline from last week's average 5 year rate of 3.04 percent.

The best 5 year jumbo rates in our database for the state of New Jersey are currently at 2.50 percent with just under 2 mortgage points. The lowest 5 year loan rates without points for NJ are currently at 2.875 percent, just below the average rate.
 
 
Author: Brian McKay
February 6th, 2014