The average rate on a 30-year fixed-rate mortgage rose two basis points, the rate for the 15-year fixed shot up seven basis points and 5/1 ARM climbed six basis points, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday.
The 30-year fixed-rate mortgage is three basis points higher than one week ago and 41 basis points lower than a year ago. A basis point is one one-hundredth of one percent.
MORTGAGE RATES TODAY, MONDAY, DEC. 19:
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.