Current Mortgage and Refinance Rates

                    

Use annual percentage rate APR, which includes fees and costs, to compare rates across lenders. Rates and APR below may include up to .50 in discount points as an upfront cost to borrowers. Click on product to see detail. Use our Compare Home Mortgage Loans Calculator for rates customized to your specific home financing need. Speak to a home mortgage consultant today about a special offer available 9/8/2018 – 3/1/2019 for current Wells Fargo Home Mortgage customers.

• Purchase Rates
• Refinance Rates

Product	Interest Rate	APR
Conforming and Government Loans
30-Year Fixed Rate	4.375%	4.459%
30-Year Fixed-Rate VA	4.125%	4.463%
20-Year Fixed Rate	4.125%	4.297%
15-Year Fixed Rate	3.625%	3.843%
7/1 ARM	4.000%	4.695%
5/1 ARM	3.875%	4.789%
Jumbo Loans– Amounts that exceed conforming loan limits
30-Year Fixed-Rate Jumbo	4.125%	4.158%
15-Year Fixed-Rate Jumbo	3.750%	3.845%
7/1 ARM Jumbo	3.500%	4.379%
10/1 ARM Jumbo	3.750%	4.311%

Rates, terms, and fees as of 2/08/2019 01:05 PM Eastern Standard Time and subject to change without notice.

Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not display   Representative example Assuming a total amount of credit of €100,000 repayable over 20 years at a borrowing rate of 4.3% (variable), the cost per month is €621.90 excluding insurance. The total amount to be repaid is €149,294 which includes a release of security fee of €38. The Annual Percentage Rate of Charge is 4.4% (variable). The additional cost per month of a 1% rise in the rate of interest of such a mortgage is €54.74 and would be payable monthly. The above quotation is for illustrative purposes only.

Affordability - For your protection

 Credit facilities are subject to repayment capacity and financial status

 The loan amount is not based on one fixed formula

 Factors reflecting the repayment capacity of each applicant are individually assessed based on a number of factors including qualifying income, net disposable income and existing commitments

 Written quotations are available on request from any Ulster Bank branch

 Ulster Bank subscribes to the Irish Banking Federation voluntary code of conduct on pre-contractual information for home loans. A copy of this brochure is available in all branches

Details of our mortgage fees

 

The fees we may charge for our mortgages are listed below, you may not be charged these fees in all circumstances.

 

Valuation Fee

Ulster Bank requires that a valuation of the property offered as security is carried out by a valuer acceptable to the Bank. This valuer will be instructed by Ulster Bank.

Ulster Bank currently offer a free standard valuation on our new mortgages. Only one free valuation per customer applies.

When payable, this fee applies when Ulster Bank instruct a Valuer to prepare a Valuation Report over the mortgage property.

The fee is €155.  

 

Release or Vacate of Mortgage Fee

If the security includes a new mortgage over property that is not your private dwelling place, you will have to pay our solicitors’ fees in connection with the mortgage loan. This charge is payable directly to Ulster Bank’s Panel Solicitor.

The fee is €38.

For full details, please read our Mortgage Tariff of Charges brochure.February 8, 2019 - 4 min read

What’s driving current mortgage rates?

Average mortgage rates today opened nearly unchanged. We have no scheduled economic reports, so rates will take their cues from global economic events, the financial data below the rate table and national news here.

According to Mortgage News Daily, we may expect lower rates later today because of economic “disappointment” in Europe. That often leads overseas investors to purchase US bonds and mortgage-backed securities (MBS), causing their prices to rise and rates to fall.

» MORE: Check Today's Rates from Top Lenders (February 10, 2019)

Program	Rate	APR*	Change
Conventional 30 yr Fixed	4.538	4.549	Unchanged
Conventional 15 yr Fixed	4.167	4.186	Unchanged
Conventional 5 yr ARM	4.25	4.873	Unchanged
30 year fixed FHA	3.875	4.864	+0.06%
15 year fixed FHA	3.688	4.638	Unchanged
5 year ARM FHA	3.938	5.305	Unchanged
30 year fixed VA	3.995	4.172	-0.52%
15 year fixed VA	3.875	4.189	Unchanged
5 year ARM VA	4.063	4.558	-0.02%
Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

Financial data affecting today’s mortgage rates

Today’s financial data are mostly favorable for mortgage rates.

• Major stock indexes opened lower (good for mortgage rates)
• Gold prices rose $4 to $1,318 an ounce. (This is slightly good for mortgage rates. In general, it’s better for rates when gold rises, and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower)
• Oil prices rose $1 to $53 a barrel (bad for mortgage rates because energy prices play a large role in creating inflation)
• The yield on ten-year Treasuries dropped 3 basis points (3/100th of 1 percent) to 2.63 percent. That’s good for borrowers because mortgage rates tend to follow Treasuries
•  CNNMoney’s Fear & Greed Index fell 7 points to a reading of 56 (out of a possible 100), from “greedy” to “neutral.” That is excellent news.  “Greedy” investors push bond prices down (and interest rates up) as they leave the bond market and move into stocks, while “fearful” investors do the opposite.

Verify your new rate (February 10, 2019)

Rate lock recommendation

If you can get a good rate today, lock it. You might want to check later and see if there have been any improvements. But if you need to float a day or so to get a better rate (a 15-day lock instead of a 30-day lock, for example) you can probably do so safely.

If your closing is weeks or months away, the decision to lock or float becomes complicated. Obviously, if you know rates are rising, you want to lock in as soon as possible. However, the longer your lock, the higher your upfront costs. On the flip side, if a higher rate would wipe out your mortgage approval, you’ll probably want to lock in even if it costs more.

If you’re still floating, stay in close contact with your lender, and keep an eye on markets. I recommend:

• LOCK if closing in 7 days
• LOCK if closing in 15 days
• FLOAT if closing in 30 days
• FLOAT if closing in 45 days
• FLOAT if closing in 60 days

Lock in your rate. Start here. (February 10, 2019)

This week

Many reports this week are marked “DELAYED” in MarketWatch’s economic calendar. This has become a normal occurrence since the government shutdown began.

• Monday: Factory Orders (-.2 percent predicted)
• Tuesday: ISM non-manufacturing index (57.4 rating predicted)
• Wednesday: (all scheduled reports delayed)
• Thursday: Weekly jobless claims (predicted 225,000)
• Friday: nothing

What causes rates to rise and fall?

Mortgage interest rates depend on a great deal on the expectations of investors. Good economic news tends to be bad for interest rates because an active economy raises concerns about inflation. Inflation causes fixed-income investments like bonds to lose value, and that causes their yields (another way of saying interest rates) to increase.

For example, suppose that two years ago, you bought a $1,000 bond paying 5 percent interest ($50) each year. (This is called its “coupon rate” or “par rate” because you paid $1,000 for a $1,000 bond, and because its interest rate equals the rate stated on the bond — in this case, 5 percent).

• Your interest rate: $50 annual interest / $1,000 = 5.0%

When rates fall

That’s a pretty good rate today, so lots of investors want to buy it from you. You can sell your $1,000 bond for $1,200. The buyer gets the same $50 a year in interest that you were getting. It’s still 5 percent of the $1,000 coupon. However, because he paid more for the bond, his return is lower.

• Your buyer’s interest rate: $50 annual interest / $1,200 = 4.2%

The buyer gets an interest rate, or yield, of only 4.2 percent. And that’s why, when demand for bonds increases and bond prices go up, interest rates go down.

When rates rise

However, when the economy heats up, the potential for inflation makes bonds less appealing. With fewer people wanting to buy bonds, their prices decrease, and then interest rates go up.

Imagine that you have your $1,000 bond, but you can’t sell it for $1,000 because unemployment has dropped and stock prices are soaring. You end up getting $700. The buyer gets the same $50 a year in interest, but the yield looks like this:

• $50 annual interest / $700 = 7.1%

The buyer’s interest rate is now slightly more than seven percent. Interest rates and yields are not mysterious. You calculate them with simple math.

Shop Today's Rates & Check Eligibility (February 10, 2019)

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.