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Mortgage Rates for Dec 21

Find and compare home loan rates below or read the latest mortgage rates analysis.

Mortgage rates don't stand still for long, and staying on top of rates could net you a lower payment and save you thousands of dollars. To keep an eye on rates and stay up to date on the latest trends, check out our daily mortgage blog. The table below has the latest rates on some of the most popular types of mortgages.
Today's Current Mortgage Rates
Loan Term Rate Change Last Week
30-year fixed mortgage rate 3.900 0.05 3.850
15-year fixed mortgage rate 3.250 0.09 3.160
5/1 ARM mortgage rate 3.780 0.25 3.530
7/1 ARM mortgage rate 3.790 0.13 3.660
30-year fixed jumbo mortgage rate 4.170 0.05 4.120
30 Year FHA mortgage rate 3.570 0.03 3.540
Last update: 12/21/2017
Keep in mind that the day-to-day movement of rates is going to affect the interest rate you pay, other factors come in to play as well: your credit score, the type of loan, whether or not you purchase points, your down payment and where you live. And of course, the shorter the length of the mortgage, the larger each month's payments are going to be (but the smaller your overall interest costs). To find out more about how Bankrate collects its rates see "Understanding Bankrate's rate averages" .

Mortgage Rates Help

Getting a mortgage loan is a big commitment. Learn about all the variables involved in getting a mortgage and the impact these variables have on your interest rate. Before buying your new home, you can find the most common variables that go into calculating estimated monthly payments and interest rates provided here.

    Purchase/Refinance

    Click "Purchase" if you are buying a home. Click "Refinance" if you own a home and you want to replace your mortgage with another loan at a different rate and terms.

    Loan type

    Select which type of mortgage you are shopping for: a 30-year fixed-rate loan, a 15-year fixed, an FHA-insured loan, an adjustable-rate mortgage (ARM) with an introductory rate lasting 5 or 7 years, a 20-year fixed, and 10-year fixed or a 30-year Veterans Affairs loan.

         Purchase Price

    Type the price of the home you are looking to buy. This value is defaulted based on your location, but you should enter your own number.

         Down payment

    Select the percentage that is closest to your down payment. If your down payment is between these numbers, select the lower one. Example: If you are making a 12 percent down payment, select "10% down" and not "15% down."
    Credit score

    If you know your credit score, select the range that your score belongs to. The best rates and terms go to borrowers with credit scores of 740 and higher, and borrowers in the 720 to 739 range can get very good deals, too.

         Points

    Select the range of discount points that you are willing to pay. Discount points are an upfront fee that you pay to get a lower interest rate. One point is 1 percent of the loan amount. On a $100,000 mortgage, if you pay 1 point, you pay an upfront fee of $1,000.

         Place

    Enter your zip code. You might see a bigger selection if you choose the nearest large city.
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