best deals home
The average 30-year fixed is below 4% for qualified borrowers.

Middling economic and job growth over the past year has continued pushing down the average rates on home loans, so that the 30-year fixed is now below 4% for well-qualified borrowers.

That said, the Mortgage Bankers Association expects better economic news to give rates a jolt over the next year (the 30-year could go to 4.5%). So grab a deal before they're gone.

Refinancers may want to consider shorter-term mortgages, notes Keith Gumbinger of consumer loan data firm While the spread between a 30-year and 15-year is historically 0.5%, the difference is now 0.74%.

Take advantage of lower rates

30-year conventional fixed rate mortgage: 2012: 4.0%; Now: 3.5%
30-year jumbo: 2012: 4.5%; Now: 3.9%
15-year fixed rate: 2012: 3.3%; Now: 2.8%.
Home-equity loan: 2012: 6.8%; Now 6.3%.
HELOC: 2012: 5.2%; Now:5.2%

Source: HSH Associates
  @Money - Last updated May 21 2013 05:07 PM ET
Join the Conversation
Best deals on travel

Money magazine's Best Deals on Everything: Your guide to the latest vacation bargains in Mexico, Greece and Disney World. Plus, how to get cheap airfare.

Real Estate Calculator

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.