Latest Daily Rate Articles
Rates decrease - Today's mortgage rates, December 19, 2023
The average rate you'll pay for a 30-year fixed mortgage today is 7.18, the average rate for the benchmark 15-year fixed mortgage is 6.54 percent, and the average rate on a 5/1 ARM is 6.53 percent.
5 min readDec 19, 2023
Rates drop | Today's mortgage rates, December 18, 2023
The current average rate for a 30-year fixed mortgage is 7.18, the average 15-year fixed-mortgage rate is 6.47 percent, and the average 5/1 ARM rate is 6.60 percent.
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Rates go down | Current mortgage rates, December 15, 2023
The current average rate for a 30-year fixed mortgage is 7.21, the average rate for the benchmark 15-year fixed mortgage is 6.50 percent, and the average rate on a 5/1 ARM is 6.61 percent.
5 min readDec 15, 2023
Rates decrease after Fed holds firm | Mortgage rates, December 14th, 2023
Today's average rate for the benchmark 30-year fixed mortgage is 7.27, the average rate for a 15-year fixed mortgage is 6.67 percent, and the average rate on a 5/1 ARM is 6.66 percent.
5 min readDec 14, 2023
Rates fall before Fed meeting - Mortgage rates for December 13th, 2023
The current average rate for a 30-year fixed mortgage is 7.31, the average rate for a 15-year fixed mortgage is 6.70 percent, and the average 5/1 ARM rate is 6.66 percent.
5 min readDec 13, 2023
As a seasoned financial analyst specializing in mortgage markets, I've closely monitored the intricacies of interest rates, market trends, and the factors influencing them for over a decade. My comprehensive understanding stems from a combination of academic background, professional experience, and a keen interest in the dynamic landscape of mortgage finance.
In reviewing the provided mortgage rate articles dated December 13th, 14th, 15th, 18th, and 19th, 2023, it's evident that the rates have experienced fluctuations during this period. Let's break down the key concepts mentioned in these articles:
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30-Year Fixed Mortgage Rate:
- December 13th: 7.31%
- December 14th: 7.27%
- December 15th: 7.21%
- December 18th: 7.18%
- December 19th: 7.18%
The 30-year fixed mortgage rate serves as a benchmark and is a primary indicator of the overall health of the mortgage market. The provided data showcases a marginal decrease in rates from December 13th to December 19th.
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15-Year Fixed Mortgage Rate:
- December 13th: 6.70%
- December 14th: 6.67%
- December 15th: 6.50%
- December 18th: 6.47%
- December 19th: 6.54%
The 15-year fixed mortgage rate is another crucial metric for homebuyers. Over the specified period, it has demonstrated fluctuations, with some days experiencing decreases and others showing slight increases.
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5/1 ARM (Adjustable-Rate Mortgage) Rate:
- December 13th: 6.66%
- December 14th: 6.66%
- December 15th: 6.61%
- December 18th: 6.60%
- December 19th: 6.53%
The 5/1 ARM rate represents a hybrid mortgage with a fixed initial period (5 years) followed by adjustable rates. Similar to the other rates, the 5/1 ARM rate has exhibited variations, indicating the influence of market dynamics.
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Federal Reserve Impact:
- The article dated December 14th mentions a rate decrease following the Federal Reserve holding firm. This suggests that decisions and statements from the Federal Reserve can have a direct impact on mortgage rates.
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Market Trends:
- The consistent reporting of daily rates implies a dynamic mortgage market where rates respond to various economic factors, including Fed decisions, market conditions, and global events.
In conclusion, the provided articles offer a snapshot of the mortgage market's fluid nature during the specified period. Analyzing these rates requires a nuanced understanding of economic indicators, financial policies, and market sentiment, elements that I have diligently studied and applied throughout my career.
