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About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

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Mortgage rate trends (APR)

NerdWallet’s mortgage rate insight

30-year fixed

On Tuesday, Dec. 1, 2020, the average rate on a 30-year fixed-rate mortgage fell four basis points to 2.834%, the average rate on a 15-year fixed-rate mortgage fell two basis points to 2.424% and the average rate on a 5/1 ARM rose two basis points to 2.946%, according to a NerdWallet survey of mortgage rates published daily by national lenders. A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR. The 30-year fixed-rate mortgage is six basis points lower than one week ago and 116 basis points lower than one year ago.

Current mortgage and refinance rates

ProductInterest rateAPR
30-year fixed rate2.712%2.834%
15-year fixed rate2.214%2.424%
5/1 ARM rate2.725%2.946%

Data source: NerdWallet mortgage rate index

Mortgage and refinance rates by state