Today’s Mortgage Rates Move Higher, 30 Year Refinance Rates at 4.38 Percent

Mortgage rates moved slightly higher today on higher 10 year bond yields. Today's mortgage rates on 30 year conventional home loans are averaging 4.38 percent, an increase from an average 30 year rate of 4.35 percent. Average rates are higher because 10 year bond yields moved higher the past week.

Today's Mortgage Rates on 30 Year Loans Still Low


Although rates have moved higher since the beginning of the year, rates are not much higher from all-time record lows and are still low, historically speaking. The low point for average 30 year mortgage rates was 3.27 percent back in January 2013. During the housing boom, average 30 year rates were above 6.00 percent. Back in the early 1980's 30 year rates hit a high of over 17 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 HomePlus Mortgage
HomePlus Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111128.gif
300000
Purchase
3.560%
3.375%
USD
HomePlus Mortgage Logo
NMLS # 78669
10/21/2019
at 2.000 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $6,995
Personal service - one point of contact from start to finish – available nights and weekends
 
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
10/21/2019
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
10/21/2019
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 New American Funding
New American Funding
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111741.gif
300000
Purchase
3.514%
3.375%
USD
New American Funding Logo
NMLS # 6606
10/21/2019
at 1.750 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $5,250
Direct lender specializing in helping you save money on your home loan.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Interest Smart Home Loans
Interest Smart Home Loans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112369.gif
300000
Purchase
3.702%
3.500%
USD
Interest Smart Home Loans Logo
NMLS # 1157416
10/21/2019
at 2.000 pts
30 day lock rate
Est payment: $1,348
Fees in APR: $7,618
SPEAK WITH ONE OF OUR LICENSED MORTGAGE BANKERS NOW!
 
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
10/21/2019
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 HighTechHomeLoans
HighTechHomeLoans
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112330.gif
300000
Purchase
3.526%
3.375%
USD
HighTechHomeLoans Logo
NMLS # 7147
State Lic # 4130937
10/21/2019
at 1.750 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $5,704
HighTechLending is Here To Help
 
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
10/21/2019
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 HomePlus Mortgage
HomePlus Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111128.gif
300000
Purchase
3.560%
3.375%
USD
HomePlus Mortgage Logo
NMLS # 78669
10/21/2019
at 2.000 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $6,995
Personal service - one point of contact from start to finish – available nights and weekends
 
PERIOD_FIXED_30YEARS Mortgage Loan from Apple Financial Network, Inc
Apple Financial Network, Inc
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112378.gif
300000
Purchase
3.556%
3.375%
USD
Apple Financial Network, Inc Logo
NMLS # 1846010
State Lic # 01527337
10/21/2019
at 1.625 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $6,972
Be ready to buy. Get pre-approved by a local lender
 

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.






The future direction of rates will be higher in 2014 because the Federal Reserve will start scaling back and ending the purchases of securities designed to keep mortgage rates low. If you have been thinking about buying a home or refinancing your current loan, now is a good a time to start the process.

15 Year Conforming Mortgage Rates Today


Average mortgage rates today on 5 year conforming loans are at 3.42 percent, up from an average 15 year mortgage rate of 3.37 percent. The low point for average 15 year mortgage rates in 2013 was just above 2.50 percent. I don't expect 15 year rates to move back down to those levels in our lifetime but rates are still historically low.

Back during the housing boom, average 15 year mortgage rates were also above 6.00 percent. Back in the early 1980's 15 year mortgage rates were also in the double digits so current rates which are below 3.50 percent are a really good deal. If you're thinking about refinancing your mortgage, you should seriously consider a shorter term loan like a 15 year loan. You will save tens of thousands if not hundreds of thousands of dollars over the life of the loan. You can use a mortgage calculator with an amortization schedule to see the cost difference.

Current Mortgage Rates on 30 Year Jumbo Mortgages


While fixed conforming mortgage rates moved higher this week, average 30 year jumbo mortgage rates are lower. Current 30 year jumbo rates are averaging 4.44 percent, down from an average 30 year jumbo rate of 4.46 percent. Earlier in 2013, average 30 year jumbo rates were under 4.00 percent, the low point was at 3.91 percent back in January.

The rate spread between 30 year conforming loans and 30 year jumbo loans has been in a vary narrow range for months. Just last month for the first time ever, average 30 year jumbo rates were actually lower than 30 year conforming rates. Right now, average conforming rates are only 7 basis points lower than average jumbo rates.

Jumbo 15 Year Mortgage Rates


The current average on 15 year jumbo mortgages is at 3.72 percent, a small increase from last week's average 15 year jumbo mortgage rate of 3.69 percent. The low point for average 15 year jumbo rates this year was at 3.14 percent, so current rates are still very low. Right now on our rate table for the state of California, the best 15 year jumbo refinance rates are at 3.25 percent with points.

Current Adjustable Mortgage Rates


5 year conforming adjustable mortgage rates are currently averaging 3.58 percent, up from an average 5 year adjustable mortgage rate of 3.53 percent. If you're searching for adjustable refinance rates we have lenders quoting 5 year refi rates as low 2.125 percent with points.

Jumbo adjustable mortgage rates on 5 year mortgages are averaging 2.82 percent, up from an average 5 year jumbo rate of 2.79 percent. Average 5 year jumbo rates have been lower than average 5 year conforming rates for many months now. The lowest 5 year jumbo refinancing rates offering by lenders on our rate tables are much lower at 2.25 percent with points.
 
 
Author: Brian McKay
December 1st, 2013