Mortgage Rates Hit New Lows for 2014

Conforming 30 year mortgage rates hit another new low in 2014, falling to 4.16 percent this week. 30 year mortgage rates are down from last week's average of 4.21 percent. Mortgage rates have made a series of new lows in 2014, following 10 year U.S. Treasury yields lower. Current 10 year bond yields are at 2.50 percent, the lowest point this year. Back in early January, 10 year bond yields were just over 3.00 percent.

Mortgage rates today on 15 year conforming lows also made a new low this week, averaging 3.22 percent. 15 year rates are down from the prior week's average of 3.27 percent. These rates are average rates but there are lenders quoting both 30 year and 15 year rates below the averages. For example, in our rate database for the state of Florida, we have lenders quoting 30 year refinance rates as low as 3.75 percent and 15 year rates as low as 2.625 percent.



Current mortgage rates on 30 year jumbo loans are averaging 4.82 percent, down from last week's average 30 year jumbo mortgage rate of 4.87 percent. The best jumbo mortgage rates available in our database of 30 year refinance rates in California are at 4.00 percent with zero mortgage points.

Today's mortgage rates on 15 year jumbo loans are currently averaging 4.03 percent, down slightly from the previous week's average 15 year jumbo rate of 4.05 percent. The lowest 15 year jumbo refi rates we have listed in our database for Connecticut are at 3.125 percent with 2 points. The lowest 15 year rate without points is slightly higher at 3.25 percent.

5 year conventional adjustable mortgage rates are averaging 3.23 percent this week, down from last week's average 5 year adjustable rate of 3.28 percent. The lowest adjustable refinance rates in our database for all states is far below the average rate. The best 5 year rates today in our databases are at 2.25 percent with 2 mortgage points. The best 5 year refi rate without points is at 2.50 percent.

Jumbo 5 year adjustable rates today are averaging 3.35 percent, down from last week's average 5 year jumbo rate of 3.41 percent. The lowest 5 year jumbo rates in our database for the state of Florida are also at 2.25 percent with 2 points. The lowest 5 year jumbo rate without points is also at 2.50 percent.

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 November 29, 2023