Mortgage Rates Lower Again: 30 Year Mortgage Rates at 4.38%, 30 Year Jumbo Mortgage Rates Now Below 5.00%

Mortgage rates declined again overnight continuing the downtrend of the past few months. 30 year conforming mortgage rates are averaging 4.38 percent, down from an average 30 year mortgage rate of up 4.48 percent on Monday. 30 year mortgage rates have been declining since the beginning of the month. On August 2, 2010, 30 year mortgage rates were averaging 4.71 percent. In early April 30 year mortgage rates were averaging 5.16 percent.

Unfortunately record low mortgage rates isn't helping the housing market recover. New homes sales fell to their lowest level ever since the government started tracking new home sales 40 years ago. The housing market might drag the economy back into a recession if home prices continue to decline.

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 eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.679
4.625
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,575
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
4.873
4.750
USD
Ally Bank Logo
NMLS # 181005
at 0.100 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $3,911
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from First Mortgage Direct
First Mortgage Direct
https://www.brimg.net/system/img/inst/10212_logo.gif
300000
Refinance
4.783
4.625
USD
First Mortgage Direct Logo
NMLS # 244476
State Lic # MC-5877
at 1.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,442
 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.562
4.460
USD
Sol Mortgage Logo
NMLS # 53112
at 0.100 pts
30 day lock rate
Est payment: $1,512.93
Fees in APR: $3,271
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
4.687
4.625
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $1,869
 
 
30 yr fixed Mortgage Loan from Sebonic Financial
Sebonic Financial
https://www.brimg.net/system/img/inst/8420_logo.gif
300000
Refinance
4.580
4.490
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
at 0.100 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $2,858
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.679
4.575
USD
CIT Bank Logo
NMLS # 541760
at 0.100 pts
45 day lock rate
Est payment: $1,533.45
Fees in APR: $3,315
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
4.694
4.490
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 1.000 pts
30 day lock rate
Est payment: $1,518.27
Fees in APR: $4,043
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.795
4.625
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,847
 
 
30 yr fixed Mortgage Loan from Flagstar Bank
Flagstar Bank
https://www.brimg.net/system/img/inst/6546_logo.gif
300000
Refinance
4.848
4.750
USD
Flagstar Bank Logo
NMLS # 417490
at 0.100 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $3,059
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
4.760
4.750
USD
Capital Bank N.A. Logo
NMLS # 401599
State Lic # 401599
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: $362
 
 
30 yr fixed Mortgage Loan from First Mortgage Direct
First Mortgage Direct
https://www.brimg.net/system/img/inst/10212_logo.gif
300000
Refinance
4.750
4.750
USD
First Mortgage Direct Logo
NMLS # 244476
State Lic # MC-5877
at 0.000 pts
30 day lock rate
Est payment: $1,564.94
Fees in APR: None
 
 
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
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
5.035
5.000
USD
Flagstar Bank Logo
NMLS # 417490
at 0.000 pts
30 day lock rate
Est payment: $1,610.46
Fees in APR: $1,203
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from Commonwealth Mortgage, LLC
Commonwealth Mortgage, LLC
https://www.brimg.net/system/img/inst/5071_logo.gif
300000
Refinance
4.685
4.685
USD
Commonwealth Mortgage, LLC Logo
NMLS # 1023
State Lic # MC-5814
(877) 330-6018
at 0.000 pts
30 day lock rate
Est payment: $1,553.21
Fees in APR: None
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
at 0.000 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $995
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.642
4.615
USD
Sol Mortgage Logo
NMLS # 53112
at 0.000 pts
30 day lock rate
Est payment: $1,540.62
Fees in APR: $951
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Republic Bank
Republic Bank
https://www.brimg.net/system/img/inst/2248_logo.gif
300000
Refinance
4.752
4.750
USD
Republic Bank Logo
NMLS # 402606
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $83
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 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
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 JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.875
4.875
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
at 0.000 pts
45 day lock rate
Est payment: $1,587.62
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
4.655
4.615
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
at 0.000 pts
30 day lock rate
Est payment: $1,540.62
Fees in APR: $1,379
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
4.785
4.625
USD
Flagstar Bank Logo
NMLS # 417490
at 1.100 pts
30 day lock rate
Est payment: $1,542.42
Fees in APR: $2,199
Thank you for your inquiry! 
 
30 yr fixed Mortgage Loan from eRates Mortgage
eRates Mortgage
https://www.brimg.net/system/img/inst/9139_logo.gif
300000
Refinance
4.547
4.375
USD
eRates Mortgage Logo
NMLS # 1071
State Lic # MC-1772
at 1.100 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $2,700
Thank you for your inquiry, we will be in touch shortly. 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
4.565
4.375
USD
CIT Bank Logo
NMLS # 541760
at 1.100 pts
45 day lock rate
Est payment: $1,497.86
Fees in APR: $3,332
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
9.563
9.125
USD
Sol Mortgage Logo
NMLS # 53112
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $7,996
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
4.444
4.240
USD
Sebonic Financial Logo
NMLS # 66247
State Lic # MC-1825
at 1.100 pts
30 day lock rate
Est payment: $1,474.06
Fees in APR: $3,872
Thank you for your inquiry, we will be in touch shortly. 
 
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%
11/13/2018
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
5.093
5.000
USD
Virginia Credit Union
5.093%
11/13/2018
5.000%
at 0.500 pts
45 day lock rate
Est payment: $1,610.46
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
5.163
5.125
USD
Raymond James Bank, NA
5.163%
11/13/2018
5.125%
at 0.000 pts
45 day lock rate
Est payment: $1,633.46
Fees in APR: $1,299
 
 
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%
11/12/2018
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
5.280
5.250
USD
Fulton Bank, NA
5.280%
11/13/2018
5.250%
at 0.000 pts
60 day lock rate
Est payment: $1,656.61
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
5.099
5.000
USD
Apple Federal Credit Union
5.099%
11/14/2018
5.000%
at 1.000 pts
60 day lock rate
Est payment: $1,610.46
Fees in APR: $352
 
 
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 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 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 Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
5.184
5.125
USD
Santander Bank, N.A.
5.184%
11/16/2018
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 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 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
 
 

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.






30 year jumbo mortgage rates are now under 5.00 percent averaging 4.92 percent, down from Monday's average 30 year jumbo mortgage rate of 5.05 percent. In early April of 2010, 30 year jumbo mortgage rates were averaging 5.61 percent.

Current 15 year conforming mortgage rates are averaging 3.83 percent, unchanged from Monday's average 15 year conforming mortgage rate. 15 year jumbo mortgage rates are lower this morning. Current 15 year jumbo mortgage interest rates are averaging 4.36 percent, down from Monday's average 15 year jumbo mortgage rate of 4.50 percent.

Mortgage Rates Today 8/29/10


Average Conforming Mortgage Interest Rates



  • 30 Year Fixed Conforming Mortgage Rates 4.38%

  • 15 Year Fixed Conforming Mortgage Rates 3.83%


Mortgage Rates Jumbo



  • 30 Year Jumbo Fixed Mortgage Rates 4.92%

  • 15 Year Jumbo Fixed Mortgage Rates 4.36%


Adjustable Mortgage Rates Conventional



  • 1 Year Adjustable Mortgage Rates 3.17%

  • 3 Year Adjustable Mortgage Rates 3.79%

  • 5 Year Adjustable Mortgage Rates 3.44%


Jumbo Adjustable Mortgage Rates



  • 1 Year Adjustable Mortgage Rates 5.35%

  • 3 Year Adjustable Mortgage Rates 4.13%

  • 5 Year Adjustable Mortgage Rates 3.73%


Following is a more in-depth weekly average mortgage rates survey report released by MonitorBankRates.com.

Mortgage Rates


Current 30 year mortgage rates are averaging 4.48 percent, a decline from the previous week’s average 30 year mortgage rate of 4.52 percent. Today’s 30 year refinance mortgage rates are also down averaging 4.48 percent.

15 year mortgage rates today are averaging 3.83 percent, down from the previous week’s average 15 year mortgage rate of 3.95 percent. 15 year mortgage refinance rates currently are averaging 3.83 percent. 

Jumbo Mortgage Rates


30 year jumbo mortgage rates are averaging 5.05 percent, a decline from last week’s average 30 year year jumbo mortgage rate of 5.17percent. 30 year jumbo refinance mortgage rates are also down to 5.05 percent.

15 year jumbo mortgage rates are averaging 4.50 percent, down 23 basis points from last week’s average jumbo mortgage rate of 4.73 percent. Today’s 15 year jumbo refinance mortgage rates are also averaging 4.50 percent.

Conforming Adjustable Mortgage Rates


Current 1 year adjustable mortgage rates are averaging 3.19 percent, unchanged from last week’s average 1 year adjustable home mortgage interest rate. Today’s 1 year conforming adjustable refinance mortgage interest rates are also unchanged this week.

Today 3 year adjustable mortgage rates today are averaging 4.06 percent, up slighlty from last week’s average 3 year adjustable rate mortgage of 4.04 percent. 3 year mortgage refinance rates today are also averaging 4.06 percent.

5 year adjustable mortgage rates today are averaging 3.45 percent, down from the prior week’s average mortgage rate oif 3.54 percent. Current 5 year refinance mortgage rates today are also averaging 3.45 percent.

7 year adjustable mortgage interest rates today are averaging 3.72 percent this week, down from the previous week’s average 7 year home mortgage rate of 3.81 percent. Current 7 year mortgage refinance rates are also lower averaging  3.72 percent.

10 year adjustable mortgage interest rates are averaging 4.01 percent this week, down from last week’s average 10 year adjustable mortgage rate of 4.08 percent. Today’s 10 year home mortgage refinance rates are also lower this week averaging 4.01 percent.

Jumbo Adjustable Mortgage Rates


1 year jumbo adjustable mortgage rates today are averaging 5.35 percent, no change from last week’s average 1 year jumbo adjustable mortgage interest rate. Today’s 1 year jumbo refinance mortgage rates are also averaging 5.35 percent.

3 year jumbo adjustable mortgage rates today are averaging 4.16 percent, unchanged from last week’s average jumbo mortgage rate. Today’s 3 year jumbo refinance mortgage rates are also averaging 4.16 percent.

Today’s 5 year jumbo adjustable home mortgage rates are averaging 3.87 percent this week, down from last week’s average mortgage rate of 3.89 percent. Current 5 year jumbo mortgage refinance rates are also down to 3.87 percent.

Today’s 7 year jumbo adjustable mortgage rates are averaging 4.42 percent, down from last week’s average 7 year home mortgage rate of 4.47 percent. Current 7 year jumbo refinance mortgage rates are also lower averaging 4.42 percent.

10 year jumbo mortgage rates are averaging 5.02 percent, up from the previous week’s average 10 year jumbo home mortgage rates of 5.01 percent. 10 year jumbo home refinance interest rates are also up averaging 5.02 percent.

Conforming Interest Only Adjustable Mortgage Rates


Current 3 year interest only adjustable mortgage rates are averaging 4.09 percent, down from last week’s average interest only mortgage loan rate of 4.19 percent. Today’s 3 year interest only adjustable refinance mortgage rates are also down averaging 4.09 percent.

5 year interest only adjustable home mortgage rates are averaging 3.62 percent, down from last week’s average five year interest only mortgage loan rate of 3.72 percent. Current 5 year interest only adjustable refinance mortgage rates are also lower averaging 3.62 percent.

7 year interest only adjustable mortgage rates currently are averaging 3.86 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.96 percent. Current 7 year adjustable refinance rate mortgages are lower averaging 3.86 percent.

Interest Only Jumbo Adjustable Mortgage Rates


Today’s 3 year jumbo interest only adjustable mortgage rates are averaging 4.55 percent, no change from last week’s average jumbo adjustable interest only mortgage rate. Current interest only adjustable jumbo refinance rates are also unchanged.

5 year adjustable jumbo interest only mortgage rates are at 4.29 percent, down from an average IO home mortgage interest rate of 4.32 percent the previous week. Today’s 5 year jumbo adjustable IO loan rates are also averaging 4.29 percent.

7 year jumbo IO adjustable mortgage rates currently are averaging 4.77 percent, down from an average jumbo 7 year home mortgage rate of 4.84 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also down averaging 4.77 percent.

Home Equity Loans


Current 10 year home equity loan rates are averaging 7.009 percent, down from the previous week’s average when home equity loans averaged 7.115 percent.

15 year home equity rates today are averaging 7.377 percent, down from last week’s average home equity loan rate of 7.433 percent.

Home Equity Line of Credit (HELOC)


The current average home equity line of credit rate is averaging 4.762 percent this week, no change from last week’s average HELOC rate.

Keeping track of today’s mortgage rates? Use our mortgage rate widget to keep track of national average mortgage rates and state mortgage rates. Use our free mortgage calculator to see how much your monthly mortgage payments will be on a home mortgage loan
 
 
Author: Brian McKay
August 29th, 2010