The average rate on a 30-year fixed-rate mortgage jumped eight basis points, the rate for the 15-year fixed rose three basis points and the 5/1 ARM went up two basis points, according to a NerdWallet survey of daily mortgage rates published by national lenders Wednesday.
The 30-year fixed-rate mortgage is 10 basis points higher than one week ago and 32 basis points lower than a year ago. A basis point is one one-hundredth of one percent.
MORTGAGE RATES TODAY, WEDNESDAY, DEC. 20:
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.