Mortgage Rates Move Lower in December 2018

Mortgage Rates Move Lower in December 2018Mortgage rates continue the downtrend in December 2018 and will probably will move lower from current levels. For the past 3 months, mortgage rates declined because of lower bond yields. The reason for both mortgage rates and bond yields declining is the fear of slowing economic growth. 30 year mortgage rates today are averaging 4.57 percent as of this morning. You can easily find lenders quoting mortgage rates below the current average. Right now on the rate table below the lowest 30 year conforming mortgage rate is at 4.11 percent. Today's mortgage rates for 15 year conforming loans are averaging 3.92 percent and the lowest 15 year mortgage rate is at 3.24 percent. Find the best mortgage rates in your state by comparing rates.

Author: Brian McKay
December 15th, 2018
Posted in: Mortgage Rates