Mortgage Rates Today Lower, 30 Year Mortgage Rates at 3.39%, 15 Year Refinance Rates at 2.80%

Average mortgage rates today are lower on both fixed conventional home loans and fixed jumbo home loans. Current mortgage rates on 30 year conventional mortgages are averaging 3.39 percent this week, down from last week's average 30 year mortgage rate of 3.44 percent. The Fed's efforts to force mortgage rates lower are working and even positive economic news released last week couldn't force rates higher. Record low refinance rates has also help millions of home owners lower their monthly mortgage payments by refinancing their mortgage to a lower interest rate.

Stronger than expected retail sales and consumer sentiment sent Treasury yields higher and usually would have sent average mortgage interest rates higher as well but the downward pressure by the Fed will keep rates low. In fact we will see even lower mortgage rates the coming weeks and months as the Fed continues purchasing mortgage-backed securities (MBS).



Many banks and mortgage lenders are advertising 30 year conforming mortgage rates well below the average rate of 3.39 percent for both home purchases and refinancing a loan. Right now on our 30 year refinance mortgage rates list for the state of Florida there are lenders offering rates as low as 3.00 percent with points. If you rather not pay points on a loan you can find lenders offering rates in FL as low as 3.25 percent with no points.

Average 15 year mortgage refinance rates this week are at 2.80 percent, down from last week's record low 15 year mortgage refinance rate of 2.84 percent. I never believed I would see 15 year mortgage rates below 3.00 percent in my lifetime. What is even more amazing is you can find 15 year refinance rates even lower than the average rate. There are lenders offering refinance rates today on our rate list in Ohio as low as 2.375 percent with points.

Fixed jumbo mortgage rates today on 30 year loans are averaging 4.00 percent, down from last week's average 30 year jumbo mortgage rate of 4.02 percent. 30 year jumbo mortgage interest rates are not at a record low today but just above a record low of 3.98 percent set in September right after the FOMC meeting.

If you're looking for 30 year jumbo refinance rates right now in many states we have lenders offering 30 year jumbo rates below the average. We have two lenders offering today's refinance rates on 30 year jumbo mortgages in California below the average. EverBank are offering 30 year jumbo refinancing rates at 3.625 percent with 0.50 points and Citi Mortgage is offering 30 year jumbo refi rates at 3.875 percent with no points.

Today's mortgage rates on 15 year jumbo loans are averaging 3.32 percent, down from last week's average 15 year jumbo mortgage rate of 3.36 percent. Right now on our 15 year jumbo mortgage refinance rates list for the state of Colorado we have two lenders offering rates below the averages.

Mortgage Mint is offering 15 year jumbo mortgage refinance rates at 3.375 percent with 1 mortgage point. Mortgage Mint is also offering 15 year jumbo rates at 2.875 percent with 1 point and Citi Mortgage is offering 15 year rates at 2.875 percent with zero points.

Conforming 5 year adjustable mortgage rates are averaging 2.98 percent this week, a slight increase from last week's 5 year adjustable mortgage rate of 2.96 percent. Right now on our 5 year adjustable refinance rates list for the state of Georgia there are many lenders offering rates well below the average of 2.98 percent. The lowest refinance rates are from Amerisave at 2.125 percent with points.

Mortgage rates today on 5 year jumbo adjustable mortgage loans are averaging 2.77 percent, down from last week's average 5 year jumbo adjustable mortgage rate of 2.84 percent. The lowest jumbo refinance rates on 5 year adjustable loans our rate list for Texas are at 2.375 percent with no points.

Feel free to search our rate lists for the best mortgage rates to buy a home or refinance your current loan. Unlike most websites you do NOT have to provide any personal information to see a list of rates.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Mortgage Rates December 10, 2023