Current Interest Rates
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

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PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%
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Mortgage Brokers & Lenders Directory

You can search our directory or Mortage Brokers & Lenders and get a current quote on 30 year fixed mortgage rates as well as current mortgage interest rate for other loan programs.

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  • Fed’s Decision Should Push Mortgage Rates Down For Now

     - 9/20/2013 1:22:01 PM
    In an economic environment that has been slow to recover since officially coming out of the recession in June 2009, the Federal Reserve’s bond-buying program has been a driving force in pushing interest rates down to historic level. In early May, rates on a 30-year fixed mortgage dipped to 3.35 percent. At the end of the month the average rate increased to 3.81 percent.
    When the Fed announced that it would likely begin trimming the bond-buying program later this year, worried bond investors took bond market went into a state of flux. This uncertainty in the market propelled mortgage interest rates into an upward trajectory anticipating changes in the program.
    Today, the average interest rate is around 4.5 percent. The hike in interest rates adds an extra $132 per month for a borrower with a $200,000 30-year, fixed rate home loan.
     Read more
  • Navigating Up and Down Mortgage Interest Rates

     - 8/8/2013 2:04:40 AM
    Whether you're a first time home buyer or purchasing a new home or looking for mortgage refinance, the recent trend of mortgage rates rising can be a cause for some anxiety. Even with the recent interest rate spike of more than a half a percentage point —the biggest increase in 26 years, before retreating, it’s important to keep in mind that rates are still extremely low from a historical perspective.
    The interest rate gyrations may have sent some people to the sidelines instead of them taking a loan at a higher rate. The truth of the matter is that the 30-year fixed-rate mortgage currently average 4.37 percent.
     Read more
  • Largest One-Week Rate Hike in 26 years; Tips for Refinancing or Buying

     - 7/1/2013 2:34:39 PM
    Freddie Mac’s weekly survey shows that the benchmark 30-year, fixed-rate mortgage zoomed to 4.46,  the biggest increase in 26 years. Last week, the average rate was 3.93 percent --jumping above the 4 percent mark for the first time since March 2012.
    It’s the largest one-week increase in mortgage rates since July 28, 2011 when rates averaged 4.74 percent.
    The 15-year rate increased to 3.5 percent compared to 3.04 percent the previous week. These rates are based on information obtained from mortgage lenders across the nation, but only, for applications where buyers made at least a 20 percent down payment.
     Read more
  • Mortgage Rates Rising, Homeowners Still Have Time for Mortgage Refinance

     - 6/6/2013 1:28:51 AM
    For the week ended May 30, the interest rate for the 30-year fixed-rate mortgage has climbed to the highest level in a year at 3.81 percent , based on data from the Freddie Mac weekly survey. Last week, the benchmark rate averaged 3.59 percent and 3.75 percent one year ago.
    Since the beginning of May, when the average interest rate hovered near 3.35 percent, rates have risen half a percentage point. The 15-year mortgage averaged 2.98 percent, compared to 2.77 percent the week before and 2.97 percent last year. The 15-year fixed rate mortgage touched a low of 2.56 percent on May 2. With rates still near the bottom, this might be the last train to catch to mortgage refinance.
     Read more
  • MBA Reports: Mortgage Refinance Demand Rose Last Week

    By: Admin
     - 5/1/2013 11:55:33 PM
    Home Mortgage Applications rose last week driven by high demand for mortgage refinance as interest rates dropped, industry data showed on Wednesday.
    The Mortgage Bankers Association (MBA) reported its seasonally adjusted index of mortgage application activity, which includes both refinancing and home buying demand, increased 1.8 percent in the week ending April 26.
     Read more
  • Mortgage Interest Rate Mixed as Mortgage Refinance Applications Fall

     - 12/26/2012 10:04:10 PM
    Mortgage refinance rates turned in mixed result based on amidst various reports on inflation and housing construction, based on figures released by Freddie Mac. The benchmark 30-year fixed rate product rose to a six week high at 3.37% compared to a rate of 3.32 percent a week ago and a year-over-year rate of 3.91 percent. Overall, the 3.37 percent rate still calculates lower than the average rate of 3.5 percent, which covers the past 13 weeks.
    The 15-year fixed rate decreased from 2.66 percent to 2.65 percent the prior week. The rate for hybrid adjustable-rate-mortgage (ARMs) was 2.71 percent for the five-year ARM-- up from 2.7 percent. The one-year ARM dropped to 2.52 percent, down from 2.53 percent the previous week.
     Read more
  • Mortgage Interest Rates Respond to QE3, Falls to 3.40%

     - 9/30/2012 11:24:23 PM
    The 30-year fixed-rate mortgage continues become more enticing to borrowers seeking a mortgage refinance. It fell to an average rate of 3.40% from 3.49%, as reported by Freddie Mac. The 15-year fixed- rate mortgage dropped from an average rate of 2.77% registered last week to a record low of 2.73%.
    Homeowners looking to refinance their mortgage and potential homebuyers have reaped immediate benefits from the Federal Reserve latest monetary policy initiative.
    According to Keith Gumbinger, vice president of the mortgage data and analysis firm, "This is what the Fed wanted to see. So far, so good." Gumbinger anticipates rates falling another 0.1% in the near future once the policy goes into full force.
    Record low interest rates have been one of the keys to the “improving housing market," said Frank Nothaft the chief economist at mortgage insurer Freddie Mac. Refinancing from higher interest rate mortgages to low interest rate loans reduce monthly mortgage payments puts more disposable income in the hands of homeowners. It also enables potential homebuyers to purchase higher priced homes.
     Read more
  • 30-Year Mortgage Drops Back to Record Low of 3.49%

     - 9/23/2012 10:31:13 PM
    The 30-year fixed-rate mortgage returned to the historic low established in mid-July of 3.49% compared to 3.55% the prior week. The increasingly popular 15-year fixed- rate mortgage fell to a new low of 2.77%, a decline from 2.85% the previous week.
    Bolstered by the Federal Reserve‘s decision to buy an additional $40 billion per month in mortgage-backed securities (MBSs), interest mortgage refinances and home purchases should remain low for the immediate term.
     Read more
  • Bernanke Took Advantage of Low Mortgage Refinance Rates

     - 9/7/2012 1:31:27 PM
    Based on information released on Thursday, Federal Reserve Board Chairman Ben Bernanke joined in with millions of homeowners to save money last year. He refinanced the mortgage on his Washington, D.C. home. Bernanke’s financial disclosure documents revealed he refinanced into a 30-year fixed-rate mortgage at an interest rate of 4.25%. In 2011, the average interest rate for a 30-year mortgage was 4.45%.
    In early July, the same product fell to its lowest level since it was introduced in the 50s – 3.49%. Like others, Chairman Bernanke has simply taken advantage of the Federal Reserve monetary stimulus policies, which have kept interest rates at ultra-low levels for the last few years.
     Read more
  • Mortgage Interest Rates Up, Trend May Be Short-Term

     - 8/22/2012 11:03:32 PM
    For several weeks, mortgage rates either equal or set new lows. However, in the last few weeks, interest rates have started to climb. Nevertheless, it is still too early to determine if the trend will continue for the immediate future. For the week ending July 26 2012, Freddie Mac’s survey reported an average interest of 3.49% rate for a 30-year fixed-rate mortgages conforming loan.
    For the week ending August 16, Freddie reported an average interest rate of 3.62% for the same product. Conforming loans are mortgages that are equal or less than the limit set by Freddie Mac and Fannie Mae. The conforming loan limit ranges from $417,000 for a one-unit property to $801,950 for a four-unit dwelling.
     Read more
  • Freddie Mac Survey Shows Mortgage Rates Continue To Decline

     - 7/16/2012 2:23:09 AM
    The average interest rate on home mortgages continued to fall to record lows. The rate for a 30-year fixed-rate mortgage declined to 3.56 percent compared to 3.62 percent the prior week. This represents the lowest level for mortgage interest rate since the introduction of the product over 60 years ago. Mortgage rates have declined or matched historic lows for 11 of the last 12 weeks.
    The 15-year fixed-rate mortgage, which increasingly more borrowers prefer to refinance their homes or build home equity faster, fell to 2.86 percent down from 2.89 percent last week.
     Read more
  • Jobs Report Helps Push Mortgage Interest Rates Lower

     - 7/10/2012 2:18:42 AM
    According to the latest Freddie Mac survey, mortgage rates continue on a downward track unimaginable several months ago. The 30-year-fixed rate mortgage decreased to 3.62 percent from 3.66 percent the prior week. For 10 out of the last 11 weeks, interest rates have declined to equal or hit record lows. The 15-year fixed-rate mortgage product dropped to an average of 2.89 percent from 2.94 percent the previous week.
    Frank Nothaft, the chief economist for Freddie Mac states that reports of a decline in consumer spending and a drop in manufacturing production push interest rates down on the 10-year U.S. Treasury note. The low interest rates represent good news for potential homebuyers and individuals refinancing their mortgages, but do not fare so well for the general economy.
     Read more
  • Mortgage Rates Decrease Again, Home Prices At Mid- 2002 Levels

     - 6/1/2012 2:00:58 AM
    The 30-year fixed rate mortgage, which represents the most preferred loan for homebuyers and homeowners looking to mortgage refinance, continues to register record lows. According to the Mortgage Bankers Association (MBA), the average 30-year rate declined 0.03 percent, to 3.75 percent, for the week ending May 25, 2012. The 30-year mortgage has recorded a declined for five consecutive weeks. The 15-year mortgage rate tumbled below 3.0 percent for the first time in the history of the Freddie Mac mortgage survey. Read more
  • Ninety-Five Percent of Borrowers Prefer Fixed-Rate Mortgages When Refinancing

     - 5/16/2012 2:09:18 PM
    Freddie Mac released its Quarterly Product Transition Report for the first three months of 2012. U.S. homeowners who mortgage refinance overwhelmingly chose fixed-rate mortgages over other loan products. Over 95 percent of borrowers prefer fixed rate mortgages whether they had adjustable-rate mortgages (ARMs) or fixed rate loans originally.
    The percentage of borrowers who refinance to fixed-rate loans remain at the same share as reported Q1 last year.
    The report reviewed mortgage refinance applications submitted to Freddie Mac during the first quarter of 2012. Following are some of the metrics revealed in the Freddie Mac survey:
     Read more
  • Cheap Home Prices and Low Mortgage Rates Present Buying Opportunity

     - 5/9/2012 12:53:02 PM
    In many regions of the country, it seems all the indicators point to home prices starting to stabilize. Many housing market economists believe that homes prices have reached the bottom in most regions of the country. Homes prices have dropped an average of 34 percent since July 2006. In addition, homebuyers can obtain interest rates for home mortgages and mortgage refinance at extraordinary low rates. Many housing analysts have signaled that 2012 may present the best opportunity for homebuyers to purchase the home they want at cheap prices. Read more
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