Mortgage Rates | Search for Mortgage Rates Today
Get a list of mortgage rates and refinance rates by searching our list of current mortgage rates below. Our database is updated daily with today's mortgage rates and refinance rates. The interest rates displayed below are for a mortgage refinance loan in the amount of $250,000 in your state. Change the search criteria to fit your needs for a list of mortgage rates or refinance rates.
Mortgage Rates and Refinance Rates
Find the best mortgage rates from banks and credit unions. You can get the best mortgage rates today by searching our rate list for the state you live in. Whether you’re looking for a conforming mortgage rates, jumbo mortgage rates, adjustable mortgage rates or interest-only mortgage rates you can find the lowest current mortgage rates and refinance rates.Compare savings account rates by searching our best savings account rates list. You can also find the best CD rates by searching our CD rates lists.
Conforming Mortgage Rates and Refinance Rates
Fixed conforming home mortgage interest rates are the most popular type of loan rates you can find advertised for home buyers and refinancers. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States . Higher mortgage loan limits are set for high housing cost areas. Mortgages that "conform" to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees banks, mortgage companies and credit unions are able to resell home loans that they make. This process also makes conforming mortgage rates and refinance rates lower than jumbo mortgage rates and jumbo refinance rates because the GSE’s can’t purchase jumbo mortgages that are made by home finance companies, credit unions and banks.
Jumbo Mortgage Rates and Refinance Rates
Jumbo mortgage rates are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates. Loan Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies make.
Fixed Mortgage Rates and Fixed Refinance Rates
Fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.
Adjustable Mortgage Rates
Adjustable mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for both conforming and jumbo loans. Most adjustable mortgages in have yearly caps and life time maximum caps on how high the interest rate can fluctuate to protect the home owner from wild swings in interest rates.
Mortgage Rates By State
District Of Columbia