Current Mortgage Rates Keep Homebuyer Affordability High and Refinancing Strong

Homebuyer affordability remains high and refinancing remains strong as current mortgage rates remain largely unchanged, hovering just above record lows. In the Primary Mortgage Market Survey released by Freddie Mac, average 30 year mortgage rates declined to 3.38 percent with 0.7 mortgage points for the week ending January 17, 2013. 30 year conforming mortgage rates are down from the prior week's average of 3.40 percent.

After moving higher at the end of 2012, average mortgage rates started heading lower as the Federal Reserve continues their purchase of mortgage-backed securities to drive rates lower. In the coming weeks, average mortgage interest rates on fixed rate loans will make new record lows.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 23223, 0, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Triangle Lending Group, Inc.
Triangle Lending Group, Inc.
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111795.gif
300000
Purchase
3.652%
3.625%
USD
Triangle Lending Group, Inc. Logo
NMLS # 64446
State Lic # MC-5531
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,369
Fees in APR: $1,012
We offer Conventional - JUMBO- USDA- FHA and VA loan products.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Aurora Financial LLC
Aurora Financial LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111178.gif
300000
Purchase
3.875%
3.875%
USD
Aurora Financial LLC Logo
NMLS # 35959
State Lic # MC-2967
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,411
Fees in APR: None
Direct Lender. A+ BBB Rating! Close in under 3 weeks!. On-Time Closing Guarantee. Free Rate Float Down!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Union Home Mortgage Corp
Union Home Mortgage Corp
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111641.gif
300000
Purchase
3.915%
3.875%
USD
Union Home Mortgage Corp Logo
NMLS # 2229
State Lic # MC-5591
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,411
Fees in APR: $1,450
Our average customers save $3,240.00 a year on their mortgage.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Triangle Lending Group, Inc.
Triangle Lending Group, Inc.
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111795.gif
300000
Purchase
3.652%
3.625%
USD
Triangle Lending Group, Inc. Logo
NMLS # 64446
State Lic # MC-5531
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,369
Fees in APR: $1,012
We offer Conventional - JUMBO- USDA- FHA and VA loan products.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.750%
3.750%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC-3098
08/23/2019
at -0.250 pts
30 day lock rate
Est payment: $1,390
Fees in APR: ($747)
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 
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
4.500%
4.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
08/23/2019
at 0.000 pts
45 day lock rate
Est payment: $1,521
Fees in APR: None
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Hamilton National Mortgage Co.
Hamilton National Mortgage Co.
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111277.gif
300000
Purchase
3.625%
3.625%
USD
Hamilton National Mortgage Co. Logo
NMLS # 122701
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,369
Fees in APR: None
Guaranteed on-time closings and Consistently The Lowest Rates Since 1986 !!! No Lender Fees Why Pay More?
 
PERIOD_FIXED_30YEARS Mortgage Loan from Aurora Financial LLC
Aurora Financial LLC
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111178.gif
300000
Purchase
3.875%
3.875%
USD
Aurora Financial LLC Logo
NMLS # 35959
State Lic # MC-2967
08/23/2019
at 0.000 pts
30 day lock rate
Est payment: $1,411
Fees in APR: None
Direct Lender. A+ BBB Rating! Close in under 3 weeks!. On-Time Closing Guarantee. Free Rate Float Down!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.750%
4.750%
USD
Rocket Mortgage Logo
NMLS # 3030
08/23/2019
at 0.000 pts
45 day lock rate
Est payment: $1,565
Fees in APR: None
From the lender: We can close your loan in less than a month!
 

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.






Mortgage rates today on 30 year loans can be found much lower than the average in Freddie Mac's survey this week. Depending on the state you live in, you can currently find lenders on our rate table quoting 30 year mortgage refinance rates as low as 2.875 percent with points. The lowest 30 year refinance rates without points can be found around 3.25 percent, which is also below the average rate.

15 year mortgage rates averaged 2.66 percent with 0.7 mortgage points for the week ending January 17, 2013. The average 15 year mortgage rate is unchanged from last week's average. 15 year rates made record lows back in November 2012 and will make new lows in 2013.

If you're applying for a mortgage to either buy a home or refinance your current loan, you should seriously consider a shorter term mortgage like a 15 year loan. You can save literally tens of thousands or even hundreds of thousands of dollars in interest payments over the life of the loan.  The monthly payments are somewhat higher than for a 30 year mortgage but not as much as you might think.  Take the time to research and see if the option is right for you and your budget.

Today's mortgage rates on 15 year conventional home loans can be found well below the average rate. Right now on our rate tables in most states you can find lenders quoting 15 year refinancing rates at 2.25 percent with points. The lowest rates without points are around 2.50 percent.

5 year adjustable mortgage rates were also unchanged in this week's survey at 2.67 percent with 0.6 points. Average 1 year adjustable mortgage interest rates are at 2.57 percent with 0.6 points, down from last week's average of 2.60 percent. Right now on our 5 year adjustable refinance rates lists in some states, you can find lenders quoting refi rates as low as 1.75 percent with points.
 
 
Author: Brian McKay
January 17th, 2013
Posted in: Mortgage Rates