Today's Mortgage Rates
Mortgage Rates as of December 16, 2021
These are our today's mortgage rates for 2021. Whenever we prepare a custom mortgage rate quote we shop 15 - 20 lenders to find you the lowest rate. Request a custom mortgage quote and we'll find a mortgage program that will help you reach your long term financial goals.
30 Year Fixed Rates:
2.875% / 2.938% APR
15 Year Fixed Rates:
2.125% / 2.258% APR
Mortgage Rate Trends and Averages:
These are average mortgage rates as reported by Loan Sifter / Optimal Blue. Loan Sifter is used by many mortgage lenders to get a custom mortgage rate quote for a borrower. These rates reflect the average quote returned by loan sifter. The rates are impacted by the borrowers credit history and employment.
Freddie Mac Mortgage Rate Survey:
This is a weekly mortgage rate survey that is conducted by Freddie Mac, a government services organization that has been tracking mortgage lender rates since 1971. New rate surveys are published every Thursday.
Mortgage Rates Inch Up
December 16, 2021
Mortgage rates inched up as a result of economic improvement and a shift in monetary policy guidance. While house price growth is slowing, prices remain high due to solid housing demand and low supply. We expect rates to continue to increase into 2022 which may leave some potential homebuyers with less room in their budgets on the sideline.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.
Mortgage Rates from Top Lenders:
Why would we link to our competitors mortgage rates?
Are we crazy? Just trying to throw away business? No, it's neither of those. We believe in transparency. We also know that over 95% of the time we can beat these rates. We believe a well informed borrower is our best customer. Click on just one of the images to open a new window where you'll be able to check rates.
There are a few simple steps you can take to insure you get a great deal on a refinance, home equity or purchase mortgage loan. Finding the lowest rate is a good first step but having your credit and documentation together is a big part of actually qualifying for that low rate.