Mortgage Rates Higher Today
Mortgage rates moved higher today following the sharp increase in U.S. Treasury yields on Thursday. Average 30-year mortgage rates increased to 3.75 percent, up from an average rate of 3.70 percent on December 10th. 15-year mortgage rates today are currently averaging 3.19 percent, an increase from an average rate of 3.15 percent set earlier this week.
Treasury yields moved 11 basis points (bps) higher on the news the U.S. might trim existing tariffs on Chinese goods and delay tariffs set to kick in on Sunday. We expect mortgage rates to move higher from current levels over the weekend, but the increases will be less than 5 bps, unless a trade deal is actually reached, which is unlikely.
Average Mortgage Rates Today
Conventional Mortgage Rates
Jumbo Mortgage Rates
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