Today's mortgage rates
Rate and offer information: There is no guarantee that all borrowers will qualify and approval is subject to verification of credit, income, assets, and value, among other criteria. This is not a commitment to lend. Your actual rate and payment may be different based on many factors. Interest rates, if displayed, are valid as of January 19, 2020.Rate assumptions:
- Based on refinancing an owner-occupied single family home.
- APR may be higher if Mortgage Insurance is required or if an affiliated service provider is used.
- Actual rate and payment may be different based on many factors and do not include Mortgage Insurance, Taxes, or Hazard Insurance payments, if required.
- Programs, rates, terms and market conditions are subject to change without notice.
30 Year fixed rate – Rate displayed assumes all borrowers having a credit score of 740 or higher, debt-to-income ratios of 43% or lower, asset reserve requirements are met, and your property has a loan-to-value less than 60%. The Annual Percentage Rate (APR) and proposed new payment is based on a 30 year fixed rate and term refinance loan with 360 monthly payments with a loan amount of $200,000 and may include up to 3 points (1 point equals 1% of the loan and can include any origination, discount and lender fees).
15 Year fixed rate - Rate displayed assumes all borrowers having a credit score of 740 or higher, debt-to-income ratios of 43% or lower, asset reserve requirements are met, and your property has a loan-to-value less than 60%. The Annual Percentage Rate (APR) and proposed new payment is based on a 15 year fixed rate and term refinance loan with 180 monthly payments with a loan amount of $200,000 and may include up to 3 points (1 point equals 1% of the loan and can include any origination, discount and lender fees).
5/1 ARM rate - Rate displayed assumes a loan amount of at least $200,000 and may include up to 3 points (1 point equals 1% of the loan) with all borrowers having a credit score of at least 740, a debt-to-income ratio of 43% or lower, a property loan-to-value of 60% or less with all asset and reserve requirements met. Home value for loan to value (LTV) uses automated valuation models (AVM). Actual appraised values may be different which could lead to a different interest rate availability. After five years, the interest rate becomes adjustable based on the following formula: Rate = Index + Margin. Caps are 5/2/5. Margin is fixed at 2.25%. Index is based on the one year Libor.
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