As expected mortgage rates are lower today after the sharp decline in 10-year Treasury yields since Friday. The current average 30 year mortgage rate is at 4.53%, down from yesterday's average 30 year rate of 4.59%. 10 year Treasury yields plummeted on Friday on a weak employment report. Yields continued to decline on Monday and are now at 2.93%. 15 year conforming mortgage rates are averaging 3.69%, a  decrease from the previous week's average 15 year mortgage rate of 3.70%.

Find today's mortgage rates by searching our mortgage rate tables at MonitorBankRates.com/Mortgages. Unlike most websites, no personal information is needed to view a list of mortgage rates.



30 year jumbo mortgage rates today are averaging 5.03%, a decrease from yesterday's average 30 year jumbo mortgage rate of 5.05%. Today's 15 year jumbo mortgage rates are averaging 4.31%, down from last week's average 15 year jumbo rate of 4.42%.

Following is a more in-depth home mortgage rates survey released by MonitorBankRates.com earlier this past Monday:

Mortgage Rates

Conforming Adjustable Mortgage Rates Today

Today's 1 year adjustable mortgage rates are averaging 3.66%, unchanged from last week’s average 1 year adjustable jumbo mortgage rate of 3.66%.

3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 3.04%, down from last week’s average 3 year adjustable mortgage rate of 3.13%.

Today's refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.13%, down from the prior week’s average rate of 3.16%.

7 year adjustable mortgage rates are averaging 3.53%, down from the previous week’s average 7 year loan rate of 3.61%.

10 year adjustable mortgage rates are averaging 3.97%, down from last week’s average 10 year adjustable rate of 4.01%.

Current Adjustable Jumbo Mortgage Rates

1 year jumbo adjustable mortgage rates are averaging 4.05%, unchanged from last week's average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates are averaging higher at 3.58%, up from last week’s average 3 year jumbo adjustable rate of 3.52%.

5 year adjustable jumbo rates today are averaging 3.43%, an increase from last week’s average jumbo adjustable rate of 3.42%.

Current 7 year jumbo adjustable loan rates are averaging 3.53%, down from last week’s average 7 year adjustable home loan rate of 3.61%.

10 year jumbo loan rates are averaging 4.47%, down from the prior week’s average 10 year jumbo home loan rate of 4.55%. 

Today's Conforming Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage loan rates are averaging 3.17%, down from last week’s average interest only mortgage loan rate of 3.37%.

5 year IO adjustable loan rates are averaging 3.25%, down last week’s average five year interest only mortgage loan rate of 3.43%.

7 year interest only adjustable mortgage loan rates are averaging 3.63%, down from last week’s average 7 year interest-only mortgage interest rate of 3.80%. 

Interest Only Jumbo Mortgage Rates Current

3 year jumbo interest only adjustable loan rates are averaging 4.08%, up from last week’s average jumbo adjustable interest only rate of 3.60%.

5 year adjustable jumbo interest only rates are averaging 3.79%, down from last week’s average IO home mortgage interest rate of 3.83%.

7 year jumbo interest only adjustable rates are averaging 4.18%, down from last week’s average jumbo 7 year home loan rate of 4.22%.

Home Equity Loan Rates Today

10 year home equity loan rates are averaging 6.77%, unchanged from last week’s average home equity loan rate.

15 year home equity rates are averaging 6.87%, unchanged from the prior week’s average home equity loan rate.

HELOC Rates Current

Home equity line of credit rates are averaging 4.97%, unchanged from last week’s average rate HELOC rate.

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

Mortgage Rates December 10, 2023