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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.

Author: Brian McKay
December 15th, 2018