Mortgage Rates 9/24: The Twist Will Lower Mortgage Rates, 30 Year Rates at 4.05%



The Fed is determined to lower mortgage rates to help the struggling economy and housing market. Current mortgage rates on 30 year mortgages are averaging 4.05%, an increase from yesterday's average 30 year mortgage rate of 4.01%. Average mortgage rates on 15 year conforming mortgages are averaging 3.28%, unchanged from yesterday’s average 15 year mortgage rate. Mortgage rates and refinance mortgage rates will go higher over the weekend since bond yields moved higher. 

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 06101, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
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
10/22/2019
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 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
10/22/2019
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 New American Funding
New American Funding
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111741.gif
300000
Purchase
3.524%
3.375%
USD
New American Funding Logo
NMLS # 6606
10/22/2019
at 1.875 pts
30 day lock rate
Est payment: $1,327
Fees in APR: $5,625
Direct lender specializing in helping you save money on your home loan.
 
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
10/22/2019
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 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
10/22/2019
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!
 

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.






Compare mortgage rates from several lenders by using our rate tables here: Mortgage Rates. Unlike most websites, no personal information is needed to view a list of loan rates.

30 year jumbo mortgage rates are averaging 4.58%, an increase from yesterday’s average 30 year jumbo mortgage rate of 4.48%. 15 year jumbo mortgage rates currently are averaging 3.82%, up from yesterday’s average 15 year jumbo mortgage rate of 3.67%.

Following is a more in-depth mortgage rate report released by MonitorBankRates.com this past Monday:

Mortgage Rates Today


Conventional Adjustable Mortgage Rates


1 year adjustable mortgage rates today are averaging 3.62%, unchanged from last week’s average 1 year adjustable jumbo mortgage rate.

3 year adjustable mortgage rates today are averaging 2.93%, up from last week’s average 3 year adjustable mortgage rate of 2.88%.

5 year adjustable mortgage rates are averaging 2.96%, down from the prior week’s average 5 year adjustable rate of 3.29%.

Current 7 year adjustable mortgage rates are averaging 3.24%, up from the previous week’s average 7 year adjustable mortgage rate of 3.10%.

10 year adjustable mortgage rates currently are averaging 3.66%, up from last week’s average 10 year adjustable rate of 3.52%.

Adjustable Jumbo Mortgage Loan Rates 


Current 1 year jumbo adjustable mortgage rates are averaging 4.05%, unchanged from last week’s average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates today are averaging lower at 3.35%, down from last week’s average 3 year jumbo adjustable rate of 3.56%.

5 year adjustable jumbo mortgage rates currently are averaging 3.12%, unchanged from last week’s average jumbo adjustable rate.

7 year jumbo adjustable mortgage loan rates are averaging 3.52%, up from last week’s average 7 year adjustable home loan rate of 3.45%.

10 year jumbo loan rates are averaging 3.93%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 3.95%.

Conforming Interest Only Adjustable Mortgage Rates Today


3 year interest only adjustable mortgage loan rates are averaging 3.13%, down from last week’s average interest only mortgage loan rate of 3.17%.

5 year IO adjustable loan mortgage rates are averaging 3.14%, up from last week’s average five year interest only mortgage rate of 2.95%.

7 year interest only adjustable mortgage interest rates are averaging 3.35%, up from last week’s average 7 year interest-only mortgage interest rate of 3.17%.

Today's Interest Only Jumbo Mortgage Rates


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.44%, down from last week’s average jumbo adjustable interest only rate of 3.59%.

Current 5 year adjustable jumbo interest only rates are averaging 3.39%,   up from last week’s average IO home mortgage interest rate of 3.32%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.72%, up from last week’s average jumbo 7 year home mortgage loan rate of 3.69%.

Current Home Equity Loan Rates


10 year home equity loan rates are averaging 6.68%, down from last week’s average home equity loan rate of 6.73%.

15 year home equity rates are averaging 6.72%, up from last week’s average home equity loan rate of 6.62%.

Home Equity Line of Credit Rates Today


Home equity line of credit rates currently are averaging 5.03%, unchanged from last week’s average rate HELOC rate.




 
 
Author: Jason P. Jones
September 24th, 2011
Posted in: Mortgage Rates