The average rate on a 30-year fixed-rate mortgage was unchanged, the 15-year fixed-rate rose two basis points and the 5/1 ARM went up one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Friday.
The 30-year fixed-rate mortgage is one basis point higher than one week ago and 45 basis points lower than one year ago. A basis point is one one-hundredth of one percent.
MORTGAGE RATES TODAY, FRIDAY, DEC. 15:
NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.