Mortgage Rates Nosedive to New Low
Mortgage 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.
The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.
5.078%
15-Year Fixed
4.875%
$5,404
Includes 0.851 points for $3,404
Lender Fees: $2,000
5.760%
30-Year Fixed
5.625%
$5,924
Includes 0.981 points for $3,924
Lender Fees: $2,000
Rate data provided by RateUpdate.com. Displayed by 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