The average rate on a 30-year fixed-rate mortgage fell two basis points, the 15-year fixed-rate fell one basis point and the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published by national lenders Thursday.
The 30-year fixed-rate mortgage is four basis points higher than one week ago and 28 basis points lower than one year ago. A basis point is one one-hundredth of one percent.
MORTGAGE RATES TODAY, THURSDAY, DEC. 14:
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.