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.
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District Of Columbia
Refinance rates and mortgage rates today are so very low right now if you’re thinking about refinancing you should do so before interest rates move higher. If you can afford the monthly mortgage payments on a 15 year loan instead of a 30 year loan you should refinance to a short term mortgage. You will save so much money doing so.
Another positive to 15 year loans is mortgage rates are always lower on 15 year loans than 30 year loans. That’s true of both conforming mortgages and jumbo mortgages. Rates on average are about 50 basis points (.50%) to 75 basis points (.75%) lower.
Right now 30 year conforming mortgage interest rates run about 4.00% and 15 year conforming rates run about 3.50% or even lower. In fact right now on our mortgage rate table there are many lenders offering 15 year conforming rates lower.
Depending on the state you live in Quicken Loans is offering 15 year rates at 2.99% with an APR 3.43%. Aimloan is offering rates at 2.875% with an APR of 3.067%. Amerisave is offering 15 year mortgage interest rates at 2.75% with an APR of 3.08%.
As you can see mortgage rates in general are very low. The best way to see how much money you can save in total mortgage interest payments is to use a mortgage calculator which will lay everything out for you. I recently refinancing to a 15 year mortgage at 2.75%.
Using a mortgage calculator I was able to see that I would save over $325,000 in mortgage interest payments by refinancing to a 15 year mortgage instead of a 30 year mortgage. You should do the same to see how much money you can save in mortgage interest payments.
Current mortgage rates today for Wednesday, March 21, 2012 are lower as 10 year bond yields moved lower yesterday. Day over day there weren’t any big moves in current mortgage rates. I don’t expect mortgage rates to move higher until the beginning of 2013 when the economy is humming along.
Mortgage rates today on 30 year home mortgage loans are averaging 4.03%, down from yesterday’s average 30 year mortgage rate of 4.05%. 30 year mortgage rates this low make owning a home more affordable and you can purchase a larger home.
Though these days after the housing bubble and Mcmansions people are more inclined to live within their means buy buying a smaller home then they would have a few years ago.
Today’s mortgage rates on 15 year mortgage loans are also lower averaging 3.26%, down from yesterday’s average 15 year mortgage interest rate of 3.32%. The future direction of 15 year mortgage rates will be higher eventually but just like 30 year rates won’t increase until 2014.
I recently refinanced from a 5/1 adjustable mortgage to a 15 year mortgage with a incredibly low mortgage rate of 3.25%! My wife and I were ecstatic when we were able to lock-in a mortgage rate so low without paying any mortgage points.
Current jumbo mortgage rates today are also lower on both fixed mortgages and adjustable mortgages. Today’s jumbo mortgage rates on 30 year loans are averaging 4.44% down from yesterday’s average jumbo mortgage rate of 4.47%.
Today’s jumbo mortgage rates on 15 year home loans are averaging 3.63%, a decline from yesterday’s average 15 year jumbo mortgage rate of 3.67%. Likewise with a conforming loan if you can refinance from a 30 year jumbo mortgage to a 15 year jumbo mortgage you’ll save hundreds of thousands of dollars in mortgage interest expenses.
Both conforming adjustable mortgage rates and jumbo adjustable mortgage rates are lower today.
Mortgage rates today on conforming 5 year adjustable home loans are averaging 2.85%, down from yesterday’s average 5 year adjustable mortgage rate of 2.89%.
5 year jumbo adjustable mortgage rates today are averaging 3.02%, down from yesterday’s average 5 year jumbo adjustable mortgage rate of 3.04%