HUD Articles

Mortgage rates have fallen every week for the past month, with the average rate on the 30-year fixed mortgage retreating further to 6.65%. Borrowing costs dipped across all fixed-rate mortgage products, including FHA loans, VA loans and 30-year jumbo loans. Meanwhile, adjustable mortgage rates stayed relatively stagnant.

Here are the current average mortgage rates, without discount points unless otherwise noted, as of Dec. 8:

30-year fixed: 6.65% (down from 6.84% a week ago).

20-year fixed: 6.53% (down from 6.7% a week ago).

15-year fixed: 5.98% (down from 6.13% a week ago).

10-year fixed: 6.03% (down from 6.18% a week ago).

5/1 ARM: 5.43% (down from 5.46% a week ago).

7/1 ARM: 5.57% (down from 5.61% a week ago).

10/1 ARM: 6.01% (up from 5.99% a week ago).

30-year jumbo loans: 6.66% (down from 6.85% a week ago).

30-year FHA loans: 5.96% with 0.07 point (down from 6.04% a week ago).

VA purchase loans: 6.06% with 0.05 point (down from 6.11% a week ago).

per US News