Mortgage Rates Nosedive to New Low

Mortgage Rates Nosedive to New LowMortgage rates nosedived to new lows in December as lenders lowered rates again. Current average 30 year conforming mortgage rates declined to 4.57 percent, down from the average 30 year mortgage rate of 4.69 percent. 15 year conforming mortgage rates today moved down to 3.92 percent, a decline from an average 15 year rate of 4.02 percent. Today's 30 year jumbo mortgage rates are still below conforming rates at 4.52 percent, down from 4.65 percent. Current 15 year jumbo mortgage rates are at 4.28 percent, down from yesterday's rate of 4.39 percent. Mortgage rates change constantly so be sure to always get the most current mortgage rates below locking in a rate.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
PenFed Credit Union
NMLS #401822
5.661%
15-Year Fixed
5.375%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,242 /mo
Bison State Bank
NMLS #757416
5.778%
15-Year Fixed
5.625%
$3,968
Includes 0.992 points for $3,968
Lender Fees: $0
$3,295 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.805%
15-Year Fixed
5.625%
$4,680
Includes 0.995 points for $3,980
Lender Fees: $700
$3,295 /mo
New American Funding, LLC.
NMLS #6606
6.022%
15-Year Fixed
5.875%
$3,792
Includes 0.948 points for $3,792
Lender Fees: $0
$3,349 /mo
Bison State Bank
NMLS #757416
6.713%
30-Year Fixed
6.625%
$3,640
Includes 0.910 points for $3,640
Lender Fees: $0
$2,562 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.839%
30-Year Fixed
6.750%
$3,664
Includes 0.741 points for $2,964
Lender Fees: $700
$2,595 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.854%
30-Year Fixed
6.750%
$4,436
Includes 0.777 points for $3,108
Lender Fees: $1,328
$2,595 /mo
PenFed Credit Union
NMLS #401822
6.884%
30-Year Fixed
6.750%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,595 /mo
Rocket Mortgage
NMLS #3030
6.889%
15-Year Fixed
6.750%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,540 /mo
New American Funding, LLC.
NMLS #6606
6.963%
30-Year Fixed
6.875%
$3,580
Includes 0.895 points for $3,580
Lender Fees: $0
$2,628 /mo
Rocket Mortgage
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
 
Author: Brian McKay
December 15th, 2018

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