Mortgage Interest Rates Update for December 2, 2022

Want to know what’s happening with mortgage interest rates?

What we’re seeing today is a handful of closely followed mortgage rates that have come down from last week. Both 30-year fixed and 15-year fixed mortgage rates are hovering below 7%. And for the variable rates, the 5/1 adjustable-rate mortgage also slid lower.

Here are today’s average mortgage interest rates :

Today’s average 30-year fixed mortgage rate is 6.67%
20-year fixed mortgage rates are averaging 6.61%
15-year fixed mortgage rates are averaging 6.04%
The average 10-year fixed-rate mortgage currently sits at 6.07%
The average 5/1 adjustable mortgage currently sits at 5.48%