Refinance Rates Decline This Week as Fiscal Cliff is Two Weeks Away: 15 Year Refinance Mortgage Rates at 2.25%

Mortgage refinance rates declined this week as we move closer to the fiscal cliff. Current mortgage rates on 15 year conforming loans are averaging 2.83 percent, down from an average 15 year mortgage rate of 2.84 percent. There are lenders right now on our rate tables quoting 15 year mortgage rates well below the average rate and as low as 2.25 percent with 2 mortgage points. If you don't want to pay points we have lenders quoting 15 year rates as low as 2.50 percent.

Average 30 year mortgage rates today fell to 3.39 percent, down from an average 30 year mortgage rate of 3.41 percent. You can find lenders quoting 30 year conforming refinance mortgage rates below the average rate, in fact right now on our rate tables you can find some lenders quoting rates as low as 2.875 percent with points. The lowest 30 year conventional mortgage rates without points on our rate list can be found as low as 3.125 percent, also lower than the average rate.

Today's mortgage rates on 30 year jumbo mortgage loans are averaging 3.99 percent, down from an average 30 year jumbo mortgage rate of 4.02 percent. Currently on our 30 year jumbo refinance rates list in the state of California we have lenders offering jumbo rates as low as 3.50 percent with points. The best jumbo refi rate without points right now is at 3.625 percent.

15 year jumbo mortgage rates are averaging 3.38 percent, a decline from an average 15 year rate of 3.40 percent. The lowest 15 year jumbo refinancing rate on our rate list for New York is at 2.875 percent with 1 mortgage point. The lowest 15 year jumbo rate without points on our list in New Jersey is at 3.125 percent.

Average adjustable mortgage rates were also lower today. Current 5 year conforming adjustable mortgage rates are at 2.79 percent, a down from an average 5 year adjustable rate of 2.81 percent. The lowest conforming 5 year adjustable refinance rates on our rate list in Texas are at 1.875 percent with points and at 2.375 percent with no points.

Average jumbo adjustable mortgage rates declined significantly to 2.84 percent, down from an average 5 year jumbo adjustable rate of 3.09 percent. The lowest jumbo refinance rates on 5 year adjustable loans on our rate list in Florida are at 2.19 percent with 1 mortgage point. The best jumbo adjustable refinance rates without points on our list for FL are at 2.44 percent.

Feel free to search and compare refinance rates if you're refinancing a loan or mortgage rates if you're buying a home. Unlike most websites you don't have to provide any personal information to view a list of rates.