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.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 95816, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.291%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.039%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $6,000
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.291%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/23/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $6,000
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






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.
 
 
Author: Brian McKay
May 30th, 2014