Mortgage Rates Continue to Decline: 30 Year Mortgage Rates at 4.81%, 15 year Mortgage Rates at 4.28%

Mortgage rates continued to drift down this week over last. 30 year mortgage rates and 15 year mortgage rates have hit new lows for 2010. Today's 30 year mortgage rates are now averaging 4.81 percent, down from last week’s 30 year mortgage rate of 4.90 percent.

The most recent factor driving mortgage rates lower are the problems in Europe.  The problems started with Greece government debt, a decline in the euro and now European bank concerns. As the issues mount in Europe, investors have been buying U.S. Treasuries driving 10 year yields down to 3.15 percent. Lower Treasury yields drive mortgage rates lower.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.608
4.500
USD
Ally Bank Logo
NMLS # 181005
(877) 260 - 8762
at 0.100 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $3,460
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
9.282
9.125
USD
Sol Mortgage Logo
NMLS # 53112
at 0.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $3,838
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
9.277
9.125
USD
CIT Bank Logo
NMLS # 541760
at 0.100 pts
45 day lock rate
Est payment: $2,440.90
Fees in APR: $3,690
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.292
4.125
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 1.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $2,914
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.416
4.250
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 1.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: $2,841
 
 
30 yr fixed Mortgage Loan from ConsumerDirect Mortgage, a division of First Bank
ConsumerDirect Mortgage, a division of First Bank
https://www.brimg.net/system/img/inst/8087_logo.gif
300000
Refinance
4.394
4.375
USD
ConsumerDirect Mortgage, a division of First Bank Logo
NMLS # 472433
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $675
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
4.460
4.460
USD
Sol Mortgage Logo
NMLS # 53112
at 0.000 pts
30 day lock rate
Est payment: $1,512.93
Fees in APR: None
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from HomeDirect Mortgage
HomeDirect Mortgage
https://www.brimg.net/system/img/inst/10447_logo.gif
300000
Refinance
4.500
4.500
USD
HomeDirect Mortgage Logo
NMLS # 403501
at 0.000 pts
30 day lock rate
Est payment: $1,520.06
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Ally Bank
Ally Bank
https://www.brimg.net/system/img/inst/10271_logo.gif
300000
Refinance
4.772
4.750
USD
Ally Bank Logo
NMLS # 181005
(877) 260 - 8762
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $749
Thanks for the inquiry! 
 
30 yr fixed Mortgage Loan from LoanLock
LoanLock
https://www.brimg.net/system/img/inst/9948_logo.gif
300000
Refinance
4.250
4.250
USD
LoanLock Logo
NMLS # 237507
(877) 387 - 2804
at 0.000 pts
30 day lock rate
Est payment: $1,475.82
Fees in APR: None
 
 
30 yr fixed Mortgage Loan from Citibank, N. A.
Citibank, N. A.
https://www.brimg.net/system/img/inst/8189_logo.gif
300000
Refinance
4.672
4.625
USD
Citibank, N. A. Logo
NMLS # 412915
(877) 387 - 1820
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,635
 
 
30 yr fixed Mortgage Loan from CIT Bank
CIT Bank
https://www.brimg.net/system/img/inst/10026_logo.gif
300000
Refinance
9.490
9.125
USD
CIT Bank Logo
NMLS # 541760
at 1.100 pts
45 day lock rate
Est payment: $2,440.90
Fees in APR: $6,162
Thank you for your inquiry! We look forward to working with you. 
 
30 yr fixed Mortgage Loan from Sol Mortgage
Sol Mortgage
https://www.brimg.net/system/img/inst/10262_logo.gif
300000
Refinance
9.461
9.125
USD
Sol Mortgage Logo
NMLS # 53112
at 1.100 pts
30 day lock rate
Est payment: $2,440.90
Fees in APR: $5,430
Thanks for the inquiry! 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.420
4.375
USD
Bank of Oak Ridge
4.420%
1/17/2019
4.375%
at 0.250 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.692
4.625
USD
Northwest Federal Credit Union
4.692%
1/17/2019
4.625%
at 0.750 pts
45 day lock rate
Est payment: $1,542.42
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.341
4.250
USD
Bank of America
4.341%
1/16/2019
4.250%
at 0.644 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.596
4.500
USD
Apple Federal Credit Union
4.596%
1/16/2019
4.500%
at 1.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
300000
Refinance
4.687
4.625
USD
Citizens Bank, NA
4.687%
1/18/2019
4.625%
at 0.250 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $1,408
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.557
4.500
USD
State Department Federal Credit Union
4.557%
1/21/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.579
4.500
USD
Virginia Credit Union
4.579%
1/22/2019
4.500%
at 0.375 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.683
4.625
USD
Santander Bank, N.A.
4.683%
1/22/2019
4.625%
at 0.000 pts
60 day lock rate
Est payment: $1,542.42
Fees in APR: $2,004
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.779
4.750
USD
Fulton Bank, NA
4.779%
1/22/2019
4.750%
at 0.000 pts
60 day lock rate
Est payment: $1,564.94
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
300000
Refinance
4.788
4.750
USD
Raymond James Bank, NA
4.788%
1/22/2019
4.750%
at 0.000 pts
45 day lock rate
Est payment: $1,564.94
Fees in APR: $1,299
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.406
4.375
USD
LincolnWay Community Bank
4.406%
1/22/2019
4.375%
at 0.000 pts
30 day lock rate
Est payment: $1,497.86
Fees in APR: $1,085
 
 

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.






Looking for current mortgage rates and mortgage refinance rates? Use our mortgage rate tables at MortgageRates.MonitorBankRates.com to find a list of lenders offering mortgage rates in your in state.

Right now on our mortgage rate tables in New York, Bank of America is offering 30 year mortgage refinance rates at 4.875 percent with 1.375 mortgage discount points. Quicken Loans is also offering one of the best 30 year mortgage rates. Their current 30 year mortgage rate is 4.75 percent with 0.75 point. Searching for mortgage rates online we found Chase Bank is currently advertising 30 year mortgage rates at 4.75 percent.

15 year mortgage interest rates are also lower this week. Today's 15 year mortgage rates are averaging 4.28 percent, a decline from last week's average 15 year mortgage loan rate of 4.33 percent. On our rate tables, Garden City Mortgage has 15 year mortgage rates and refinance rates listed at 3.75 percent with 2 points.

Current Jumbo Mortgage Rates


Today's 30 year jumbo mortgage interest rates are averaging 5.38 percent, a decline from an average jumbo rate of 5.54 percent. Current 30 year jumbo refinance interest rates are also averaging 5.38 percent.

Today's 15 year jumbo mortgage rates are averaging 4.80 percent, a decline from last week’s average jumbo mortgage loan rate of 4.88 percent. Currently, 15 year jumbo refinance mortgage interest rates are also averaging 4.80 percent.

Current Adjustable Mortgage Rates (Conventional)


Current 1 year conventional adjustable rate mortgages are averaging 3.82 percent, a decline from an average 1 year adjustable loan mortgage rate of 3.85 percent. Average 1 year adjustable mortgage refinance rates also declined to 3.82 percent.

Current 3 year conventional adjustable mortgage interest rates are averaging 4.35 percent, down from last week’s average mortgage rate of 4.54 percent. Today's 3 year mortgage refinance rates are also down this week with the average 3 year refi rate at 4.35 percent.

Today's 5 year conventional adjustable rates are averaging 3.95 percent, up from the previous week's average mortgage rate of 3.67 percent. Current 5 year mortgage refinance rates are also averaging 3.95 percent. ING Direct is offering their 5/1 Orange mortgage rate at 3.875 percent.

Average 7 year conforming adjustable mortgage rates are at 4.13 percent, a decrease from an average 7 year mortgage rate of 4.14 percent. Currently, 7 year refinance rates on mortgages are also averaging 4.13 percent.

Current 10 year adjustable mortgage rates are at 4.49 percent this week, down from last week’s average 10 year mortgage interest rate of 4.51 percent. Current 10 year home loan refinance rates are averaging 4.49 percent.

Current Adjustable Mortgage Rates (Jumbo)


Current 1 year jumbo adjustable mortgage interest rates are averaging 5.95 percent today, unchanged from last week’s average 1 year jumbo adjustable mortgage rate. Current 1 year jumbo refinance rates are also unchanged this week over last.

Average 3 year jumbo adjustable interest rates are at 5.05 percent, down from an average jumbo home loan rate of 5.11 percent. Today's 3 year jumbo home refinance rates are down to 5.05 percent.

Today's 5 year jumbo adjustable rates are at 4.40 percent, down from an average mortgage interest rate of 4.50 percent. Current 5 year jumbo mortgage refinance rates are averaging 4.40 percent.

Current 7 year jumbo rates are averaging 5.14 percent, down from an average loan mortgage interest rate of 5.32 percent. Current 7 year jumbo refinance rates are down to 5.14 percent.

Today's 10 year jumbo mortgage interest rates are averaging 5.56 percent, a decline from an average 10 year jumbo mortgage interest rate of 5.82 percent. Today's 10 year refinance jumbo mortgage rates are down to 5.56 percent.

Interest Only Mortgage Rates, Today


Today’s conventional 3 year interest only mortgage rate is averaging 4.52 percent, a decline from last week’s average mortgage rate of 4.57 percent.

Currently, 5 year interest only loan rates are averaging 3.75 percent, a decline from an average five year interest only mortgage rate of 3.83 percent.

Current 7 year interest-only home loans are averaging 4.25 percent, a decline from an average mortgage rate of 4.29 percent.

Interest Only Jumbo Mortgage Rates, Today


Today's 3 year jumbo interest only mortgage rates are averaging 5.47 percent, a slight decline from last week’s average jumbo mortgage rate of 5.49 percent.

5 year jumbo IO loan mortgage rates are averaging 5.06 percent today, a decrease from an average jumbo mortgage rate of 5.17 percent.

7 year jumbo mortgage rates are averaging 5.53 today, a decline from an average jumbo 7 year rate of 5.73 percent.

Home Equity Loan Rates, Today


Current 10 year home equity loan rates are averaging 7.293 percent, down from last week’s average home equity loan rate of 7.297 percent.

15 year home equity rates are averaging 7.416 percent this week, down from last week’s average home equity rate of 7.418 percent.

Current Home Equity Line of Credit Rates (HELOC)


Average home equity line of credit rates are averaging 4.664 percent this week, unchanged from last week’s average HELOC rate.
 
 
Author: Brian McKay
May 26th, 2010
Posted in: Mortgage Rates