Mortgage Rates December 10, 2019

After plummeting over the summer, average mortgage rates have been stable the past several months. Mortgage rates changed little week over week with the biggest decline being in average rates for short term adjustable mortgage rates. We expect mortgage rates to pretty much stay near current levels the rest of the year, barring any macroeconomic events.

Mortgage rates in 2020 will also likely remain near current levels, at least for the first half of the year. The likelihood of a recession increases as the year goes on, which would send mortgage rates down from present levels. If a recession does hit next year, we could be looking at record low mortgage rates in 2020 since current rates are just above record lows set in 2012.

Mortgage Rates December 10, 2019 

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB'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.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1429043

License: DBO - 60DBO85836

5.388%

15-Year Fixed

5.125%

$6,936

Includes 0.734 points for $2,936

Lender Fees: $4,000

$3,190 /mo

Next >

NMLS #2006915

License: 60DBO-149268

5.582%

15-Year Fixed

5.375%

$5,417

Includes 0.868 points for $3,472

Lender Fees: $1,945

$3,242 /mo

Next >

NMLS #757416

5.642%

15-Year Fixed

5.490%

$3,948

Includes 0.987 points for $3,948

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1835285

5.645%

15-Year Fixed

5.500%

$3,772

Includes 0.943 points for $3,772

Lender Fees: $0

$3,269 /mo

Next >

NMLS #1067

5.652%

15-Year Fixed

5.500%

$3,964

Includes 0.991 points for $3,964

Lender Fees: $0

$3,269 /mo

Next >

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

Next >

NMLS #2326098

License: 60DBO-181478

5.674%

15-Year Fixed

5.500%

$4,725

Includes 0.693 points for $2,772

Lender Fees: $1,953

$3,269 /mo

Next >

NMLS #2059741

5.715%

15-Year Fixed

5.490%

$5,872

Includes 0.968 points for $3,872

Lender Fees: $2,000

$3,267 /mo

Next >

NMLS #1025894

5.758%

15-Year Fixed

5.625%

$3,456

Includes 0.689 points for $2,756

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2627028

5.782%

15-Year Fixed

5.625%

$4,171

Includes 0.720 points for $2,880

Lender Fees: $1,291

$3,295 /mo

Next >

NMLS #1701910

5.808%

15-Year Fixed

5.750%

$1,490

Includes 0.000 points for $0

Lender Fees: $1,490

$3,322 /mo

Next >

NMLS #1429043

License: DBO - 60DBO85836

5.928%

5-Year ARM

5.750%

$7,768

Includes 0.942 points for $3,768

Lender Fees: $4,000

$2,335 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.379%

5-Year ARM

6.250%

$5,449

Includes 0.876 points for $3,504

Lender Fees: $1,945

$2,463 /mo

Next >

NMLS #1429043

License: DBO - 60DBO85836

6.391%

30-Year Fixed

6.250%

$6,000

Includes 0.500 points for $2,000

Lender Fees: $4,000

$2,463 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.493%

5-Year ARM

6.375%

$5,121

Includes 0.792 points for $3,168

Lender Fees: $1,953

$2,496 /mo

Next >

NMLS #2561451

6.501%

30-Year Fixed

6.375%

$5,347

Includes 0.838 points for $3,352

Lender Fees: $1,995

$2,496 /mo

Next >

NMLS #1835285

6.560%

30-Year Fixed

6.500%

$2,500

Includes 0.625 points for $2,500

Lender Fees: $0

$2,529 /mo

Next >

NMLS #757416

6.573%

30-Year Fixed

6.490%

$3,472

Includes 0.868 points for $3,472

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1835285

6.577%

5-Year ARM

6.500%

$3,220

Includes 0.805 points for $3,220

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1067

6.595%

30-Year Fixed

6.500%

$3,972

Includes 0.993 points for $3,972

Lender Fees: $0

$2,529 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.606%

30-Year Fixed

6.500%

$4,445

Includes 0.625 points for $2,500

Lender Fees: $1,945

$2,529 /mo

Next >

NMLS #2059741

6.607%

30-Year Fixed

6.490%

$4,896

Includes 0.724 points for $2,896

Lender Fees: $2,000

$2,526 /mo

Next >

NMLS #1025894

6.701%

30-Year Fixed

6.625%

$3,156

Includes 0.614 points for $2,456

Lender Fees: $700

$2,562 /mo

Next >

NMLS #2627028

6.717%

30-Year Fixed

6.625%

$3,891

Includes 0.650 points for $2,600

Lender Fees: $1,291

$2,562 /mo

Next >

NMLS #399799

6.728%

30-Year Fixed

6.625%

$4,416

Includes 0.772 points for $3,088

Lender Fees: $1,328

$2,562 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.740%

30-Year Fixed

6.625%

$4,941

Includes 0.747 points for $2,988

Lender Fees: $1,953

$2,562 /mo

Next >

NMLS #401822

6.758%

30-Year Fixed

6.625%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #1701910

6.786%

30-Year Fixed

6.750%

$1,490

Includes 0.000 points for $0

Lender Fees: $1,490

$2,595 /mo

Next >

NMLS #330511

6.831%

30-Year Fixed

6.750%

$3,344

Includes 0.836 points for $3,344

Lender Fees: $0

$2,595 /mo

Next >

NMLS #3030

6.889%

15-Year Fixed

6.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,540 /mo

Next >

NMLS #3030

7.602%

30-Year Fixed

7.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,797 /mo

Next >

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.

Conforming Mortgage Rates

• Current mortgage rates on 30-year fixed rate loans are averaging 3.70 percent, a slight uptick from last week when average 30-year rates were at 3.68 percent.
• Today's mortgage rates on 15-year fixed rate loans are at 3.15 percent, a small decline from last week's average 15-year rate of 3.16 percent.
• Conforming 5-year adjustable mortgage rates are averaging 3.96 percent, down from the previous week's average 5-year rate of 4.03 percent.

Jumbo Mortgage Rates

• 30-year jumbo mortgage rates are currently averaging 4.01 percent, down from the prior week's average 30-year jumbo rate of 4.04 percent.
• 15-year jumbo mortgage rates today are averaging 3.89 percent, unchanged from last week's average 15-year jumbo rate
• 5-year jumbo adjustable mortgage rates are averaging 3.81 percent, a decline of last week's average 5-year jumbo rate of 3.87 percent.

To get the best deal on a mortgage loan, compare online mortgage rates today.