4.25% 30 Year Fixed Rate
Loan Type
Type for Home
Credit Type

Program Rate APR
30-Yr fixed 4.750 % 0.7 to 1
15-Yr fixed 3.750 % 0.7 to 1
5/1 ARM 3.125 % 0.7 to 1
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Mortgage Rates: A Continued Steady Course

A little beyond the month of February’s midpoint, lenders’ mortgage rates remain broadly steady despite some minor volatility. The benchmark 30-year fixed mortgage interest rate is holding at 4.750%.

The 15-year fixed mortgage interest rate is at 4.125% and that of the 5/1 ARM loan remains at 3.250%. Those borrowers with good credit continue to be able to benefit from historically low interest rates with 0.7% to 1% origination point. Conforming fixed rate mortgages remain popular among borrowers as they offer set mortgage payments each month during the life of the mortgage.

Nationwide, FHA 30-year fixed mortgage rates are presently at 4.625% and FHA 15-year fixed rate mortgages remain at 4.000 %. Rates for FHA 5/1 ARM loans have moved up slightly to 3.625 %. FHA mortgages require lower down payments, making them particularly sought after by buyers. Higher closing costs due to FHA fees as well as an upfront mortgage insurance premium do mitigate this built-in advantage, however.

Today’s 30-year jumbo mortgage interest rates remain at 5.500%, while 15-year jumbo mortgage interest rates are up slightly to 5.250%. Jumbo 5/1 ARM loan rates are steady at 4.125%. These represent the best jumbo mortgage rates extended on 0.7% to 1% origination fee to borrowers with good credit.

The Wells Fargo California rate for 30-year fixed mortgages is currently 5.125% (5.318% APR). Mortgage Backed Securities (MBS) prices are down -7/32 (FNMA 30-year 4.5 at 100.26). Prices on the MBS market influence mortgage rates which trend in the opposite direction. Rate movements for the day has been attributed to the release of several sets of numbers including the Producer Price Index, which rose higher than expected. A reported increase in housing starts for January also influenced the market. Overall confidence among investors, moreover, is thought to be mirrored by recent rises in the stock market.