21 December 2024

Current Mortgage Rates for September 27, 2024: 30-Year, 15-Year, and Jumbo Loans

Discover the latest mortgage rates for September 27, 2024, including 30-year, 15-year, and jumbo loan rates, along with monthly payment estimates.

Current Mortgage Rates for September 27, 2024

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As of September 26, 2024, the average mortgage rates have shown some fluctuations:

30-Year Fixed Mortgage Rate: 6.7% (up from 6.63% last week, down from 6.87% last month, and significantly lower than 7.99% a year ago).
Monthly Payment: Approximately $646 for every $100,000 borrowed, an increase from $641 last week.
15-Year Fixed Mortgage Rate: 5.77% (up from 5.69% last week, down from 6.12% last month, and lower than 7.15% last year).
Monthly Payment: About $832 for every $100,000 borrowed, up from $827 last week.
30-Year Jumbo Mortgage Rate: 6.78% (down from 6.82% last week, down from 6.82% last month, and lower than 7.8% last year).
Monthly Payment: Roughly $650 for every $100,000 borrowed, a decrease from $653 last week.

These rates are calculated based on a standardized set of parameters provided by Curinos. For conventional mortgages, the calculations assume an owner-occupied, one-unit property with a loan amount of $350,000. For jumbo mortgages, the loan amount is set at $766,550, with an assumed 80% loan-to-value ratio, a credit score of 740 or higher, and a 60-day lock period.

Looking to buy a home? Compare the best mortgage lenders to find the right option for you.