Refinance Rates Today on 30 Year Conforming Loans at 2.875 Percent with 1.875 Points

Current mortgage refinance rates on 30 year conforming loans are averaging 3.47 percent but the lowest refinance rates on our rate lists are well below the averages. The average 30 year refinance rate in California is slightly higher at 3.49 percent. We have one lender on our California (CA) refinance rates list offering rates below 3.00 percent. Home Loan Enterprise is offering 30 year refinance rates at 2.875 percent with 1.875 points, more than 50 basis points below the current average rate. Home Loan Enterprise is also offering 30 year mortgage refinancing rates at 3.00 percent with 0.875 points.

We also have other lenders offering 30 year refinance rates in California below the average of 3.47 percent. Residential Finance Corporation is offering 30 year rates at 3.00 percent with 2 mortgage points and Amerisave is also offering 30 year rates at 3.00 percent but with 1.619 points.




Current refinance rates on 15 year conforming loans are incredibly low right now. The national average 15 year refinance rate is at 2.84 percent. 15 year mortgage refinance rates in the state of Virginia are averaging 2.88 percent, 4 basis points higher than the national average.

If you're looking for a home loan and live in the state of Virginia we have lenders offering 15 year rates well below the average of 2.88 percent. Currently we have lenders offering 15 year Virginia mortgage rates as low as 2.50 percent with and without points. Credence Mortgage and Round Point Mortgage are offering 15 year rates at 2.50 percent with 2 points. American Financial Resources and Absolute Mortgage are offering rates at 2.50 percent without points.

The current national average 30 year jumbo mortgage rate is at 4.01 percent. Today's mortgage rates on 30 year jumbo loans in the state of Florida are averaging 4.02 percent. We have one lender on our Florida jumbo refinance rates list offering rates well below 4.01 percent. EverBank is offering 30 year jumbo refinance rates at 3.625 percent with 0.50 points.

Moving onto mortgage rates today on 15 year jumbo loans we see the national average rate is at 3.30 percent. If you live in Colorado the current average 15 year jumbo mortgage rate is higher at 3.37 percent. On our 15 year jumbo refinance rates list for the state of Colorado we have three lenders offering rates below the average.

EverBank is offering 15 year jumbo refinance rates in CO at 2.875 percent with 0.50 points. EverBank is also offering 15 year refinance rates at 3.125 percent with zero points. Other lenders include Mortgage Mint offering 15 year rates at 2.875 percent with 1 mortgage point and Citi Mortgage offering 15 year rates at 3.00 percent with zero points.

You can search our rate lists below for the best mortgage rates or best refinance rates in your state. Best of all you don't have to provide any personal information to see a list of rates.
 
 
Author: Brian McKay
October 24th, 2012
Posted in: Mortgage Rates