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
  
$
30 yr fixed refi in 06101, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from Better.com
Better.com
https://www.brimg.net/system/img/inst/9722_logo.gif
300000
Refinance
4.000
4.000
USD
Better.com Logo
NMLS # 330511
State Lic # ML-330511
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: None
Thank you for your quote. 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.029
4.000
USD
TD Bank, NA
4.029%
5/14/2019
4.000%
at 0.000 pts
45 day lock rate
Est payment: $1,432.25
Fees in APR: $1,043
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.030
4.000
USD
LincolnWay Community Bank
4.030%
5/14/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from The Washington Trust Company
The Washington Trust Company
300000
Refinance
4.030
4.000
USD
The Washington Trust Company
4.030%
5/14/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $1,083
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.306
4.250
USD
Santander Bank, N.A.
4.306%
5/10/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.101
4.000
USD
Bank of America
4.101%
5/13/2019
4.000%
at 0.758 pts
60 day lock rate
Est payment: $1,432.25
Fees in APR: $1,351
 
 
30 yr fixed mtg refi Mortgage Loan from United Bank
United Bank
300000
Refinance
4.024
4.000
USD
United Bank
4.024%
5/15/2019
4.000%
at 0.000 pts
30 day lock rate
Est payment: $1,432.25
Fees in APR: $865
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.405
4.375
USD
Citizens Bank, NA
4.405%
5/17/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,056
 
 
30 yr fixed mtg refi Mortgage Loan from Liberty Bank
Liberty Bank
300000
Refinance
4.169
4.125
USD
Liberty Bank
4.169%
5/17/2019
4.125%
at 0.250 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $814
 
 
30 yr fixed mtg refi Mortgage Loan from The Guilford Savings Bank
The Guilford Savings Bank
300000
Refinance
4.166
4.125
USD
The Guilford Savings Bank
4.166%
5/17/2019
4.125%
at 0.250 pts
60 day lock rate
Est payment: $1,453.95
Fees in APR: $719
 
 
30 yr fixed mtg refi Mortgage Loan from Savings Bank of Danbury
Savings Bank of Danbury
300000
Refinance
4.272
4.250
USD
Savings Bank of Danbury
4.272%
5/17/2019
4.250%
at 0.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $790
 
 
30 yr fixed mtg refi Mortgage Loan from First National Bank of Omaha
First National Bank of Omaha
300000
Refinance
4.282
4.250
USD
First National Bank of Omaha
4.282%
5/17/2019
4.250%
at 0.125 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $752
 
 
30 yr fixed mtg refi Mortgage Loan from Union Savings Bank
Union Savings Bank
300000
Refinance
4.399
4.375
USD
Union Savings Bank
4.399%
5/17/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $852
 
 
30 yr fixed mtg refi Mortgage Loan from UniBank for Savings
UniBank for Savings
300000
Refinance
4.536
4.500
USD
UniBank for Savings
4.536%
5/17/2019
4.500%
at 0.250 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $501
 
 

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.






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