Today’s mortgage rates remain at record lows December 18, 2020

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Check out the mortgage rates for December 18, 2020, which have not changed since yesterday. (iStock)

Based on data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have remained unchanged since yesterday.

  • 30-year fixed-rate mortgages: 2,500%, unchanged

  • Fixed rate 20-year mortgages: 2.375%, unchanged

  • 15-year fixed-rate mortgages: 1.875%, unchanged

The rates were last updated on December 18, 2020. These rates are based on the assumptions presented here. Actual rates may vary.

To find the best mortgage rate, start by using Credible. Credible can show you current mortgage rates for conventional loans from multiple lenders and can help you make an informed decision about your home loan.

Looking at today’s mortgage refinancing rates

Today’s mortgage refinancing rates have remained largely unchanged since yesterday. In fact, fixed-rate mortgages at all rates have barely yielded from historic lows in four consecutive days. If you are considering refinancing an existing home, check the refinancing rates:

  • 30-year fixed rate refinancing: 2.625%, unchanged

  • 20-year fixed rate refinancing: 2,500%, unchanged

  • 15-year fixed-rate refinancing: 2.125%, unchanged

The rates were last updated on December 18, 2020. These rates are based on the assumptions presented here. Actual rates may vary.

A site like Credible can be very helpful when you are ready to compare mortgage refinancing loans. Credible lets you see pre-qualified rates for conventional mortgages from multiple lenders, all in minutes. Visit Credible today to get started.

Current mortgage rates

Mortgage rates remain at unprecedented levels, with fixed mortgages for 20 and 15 years reaching a minimum of 72 days. Average rates for all types of loans have fallen slightly from last week’s average to 2,250% today.

Current 30-year fixed-rate mortgages

The current interest rate for a 30-year fixed-rate mortgage is 2,500%. It’s the same as yesterday.

Current 20-year fixed rate mortgages

The current interest rate for a 20-year fixed rate mortgage is 2.375%. It’s the same as yesterday.

Current 15-year fixed-rate mortgages

The current interest rate for a 15-year fixed rate mortgage is 1.875%. It’s the same as yesterday.

You can explore your mortgage options in minutes by visiting Credible to compare current rates from different lenders. Check Credible and get pre-qualified today.

The rates were last updated on December 18, 2020. These rates are based on the assumptions presented here. Actual rates may vary.

How mortgage rates have changed

Today, mortgage rates are unchanged from this period last week. Moreover, fixed rates over 20 years registered the largest decrease from one week to another, slightly decreasing to 2.375%.

  • 30-year fixed-rate mortgages: 2,500%, the same as last week

  • 20-year fixed-rate mortgages: 2.375%, down from 2,500% last week, -0.125

  • 15-year fixed-rate mortgages: 1.875%, the same as last week

The rates were last updated on December 18, 2020. These rates are based on the assumptions presented here. Actual rates may vary.

If you are trying to find the right rate for your home mortgage, consider using Credible. You can use the free online Credible tool to easily compare multiple lenders and see pre-qualified rates in just a few minutes.

The factors behind today’s mortgage rates

Current mortgage and refinancing rates are affected by many economic factors, such as unemployment and inflation. But your personal financial history will also determine the rates we offer you.

Larger economic factors

  • The power of the economy

  • Inflation rates

  • Employment

  • Consumer spending

  • Housing construction and other market conditions

  • Stock and bond markets

  • 10-year Treasury yields

  • Federal Reserve policies

Personal economic factors

  • Credit score

  • Credit history

  • The size of the advance

  • Loan-to-value ratio

  • Loan type, size and term

  • Debt-to-income ratio

  • Location of the property

How To Get The Lowest Rate For Your Mortgage

If you want low mortgage rates, improving your credit score and paying off any other debt can give you a lower rate. The size of your prepayments also affects mortgage rates, with a reduced prepayment that will give you a higher rate.

It is also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research by Freddie Mac, lenders can save an average of $ 1,500 over the life of the loan by buying for a single additional quote – and an average of $ 3,000 comparing five quotes.

Credible can help you compare current rates from multiple mortgage lenders simultaneously in just a few minutes. Use the Credible online tools and get prequalified today.

Mortgage interest rates by type of loan

Whether you’re a first-time homebuyer buying a 30- or 15-year mortgage or looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.

Be sure to check these loan rates, which you will be able to compare based on the annual percentage rate (APR) as well as the interest rate:

More resources for getting a home loan

Want to know more about getting a mortgage? Take a look at the following articles:

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