Mortgage Rates Start 2013 Near Record Lows

We ring in 2013 with mortgage rates just above record lows, continuing the downtrend of 2012. In this week's Primary Mortgage Market Survey released by Freddie Mac, average 30 year conforming mortgage rates are at 3.34 percent with 0.7 mortgage points for the week ending January 3, 2013. Average conforming 30 year rates are down from last week's average of 3.35 percent.

The all-time record low rate in the PMMS was at 3.31 percent set November 21, 2012. In the coming months 30 year rates will probably break through the all-time record low and possibly hit new lows around 3.00 percent. You can already find mortgage lenders quoting mortgage rates below 3.00 percent if you have a credit score above 740 and are willing to pay points.

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 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
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $299
 
 
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 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 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 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 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 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 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 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 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.






We have many lenders quoting mortgage rates today below 3.00 percent on our 30 year conforming rate table in many states. Currently on our 30 year refinance rates list for the state of Maryland we have Atlantic Mortgage and Funding quoting 30 year refinance rates at 2.99 percent with 1 mortgage point. Atlantic Mortgage and Funding is also quoting 30 year refinancing rates at 3.125 percent with no points.

On our 30 year mortgage refinance rates list in the state of Nevada we have several lenders quoting 30 year rates below the average of 3.34 percent. The lowest rate right now is at 3.125 percent with 2 mortgage points from Round Point Mortgage Company. The lowest 30 year refi rate without points is at 3.25 percent from Loan Depot.

Average 15 year conventional mortgage rates for the week ending January 3, 2013, are at 2.64 percent with 0.7 mortgage points, a decline from the previous week's average 15 year mortgage rate of 2.65 percent. The record low for average 15 year conventional mortgage interest rates Freddie Mac's survey was at 2.63 percent on November 21, 2o12.

In 2013, 15 year conventional rates will fall below 2.50 percent and possibly as low as 2.35 percent. You can already find mortgage companies quoting current mortgage rates on 15 year loans below 2.35 percent. Right now on our 15 year conforming refinance rates list for the state of Texas we have Amerisave quoting 15 year rates at 2.25 percent with 1.806 points. The lowest 15 year rate without points on our Texas rate list are at 2.375 percent from Home Loan Enterprise.

Today's mortgage rates on our 15 year rate list in the state of California can be found as low as 2.25 percent with zero mortgage points. The lender quoting 15 year refi rates at 2.25 percent with no points is AmericanInterBanc.com. In the state of Colorado the lowest 15 year rates are quoted from Amerisave at 2.375 percent with 1.384 mortgage points.

Adjustable mortgage rates in Freddie Mac's survey this week were higher. Average 5 year adjustable mortgage rates for the week ending January 3, 2013, are at 2.71 percent with 0.6 mortgage points. In the prior week's survey, average 5 year adjustable mortgage rates were at 2.70 percent. Average 1 year adjustable mortgage interest rates averaged 2.57 percent with 0.4 mortgage points, up from the prior week's survey average of 2.56 percent.
 
 
Author: Brian McKay
January 3rd, 2013