Mortgage Rates 12-11-2019 Lender411

By Joy Green Updated on 12/11/2019

After the last 2-weeks of consistent hikes in mortgage rates, the recession conversation is back on the table. Economists participating in the Secretary of Housing and Urban Development summit today, put the probability of that happening at 29%. NAR Chief Economist, Lawrence Yun shares "Real estate is on firm ground with little chance of price declines. However, in order for the market to be healthier, more supply is needed to assure home prices as well as rents do not consistently outgrow income gains."

 

 

 

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• 30-year (FRM) rates at 3.79% (+0.03%)

• 15-year (FRM) rates at 3.44% (+0.03%)

• FHA 30-year Fixed rates at 3.39% (+0.01%)

• Jumbo 30-year Fixed rates at 3.89% (+0.04%)

• 5/1 ARM rates at 3.46% (+0.03%)