Mortgage Rates 12-20-2019 Lender411

By Joy Green Updated on 12/20/2019

It's well known that today is the last day of trading for 2019, for all intents and purposes. 

Also, this week Mortgage rates were mostly flat; no movement this week, or last, worthy of changing the fact that October saw the first increases in mortgage rate in all of 2019. Jonathan Corr, President and CEO of Ellie Mae commented more to this fact, "Interest rates rose for the first time in 2019, and as expected we are seeing the percentage of adjustable rate mortgages rise and the percentage of refinances taper off; simultaneously, closing rates have reached the highest point in 2019 at 78.6 percent. We will watch to determine the impacts of holiday seasonality on the homebuying market as we close out 2019."

 

 

 

Bookmark this page for mortgage rates:

 

 

• 30-year (FRM) rates at 3.83% (+0.02%)

• 15-year (FRM) rates at 3.47% (+0.02%)

• FHA 30-year Fixed rates at 3.45% (+0.03%)

• Jumbo 30-year Fixed rates at 3.93% (+0.02%)

• 5/1 ARM rates at 3.50% (0.00%)