December 2021 Interest Rates

December 16, 2021

December 2021 Interest Rates Untitled Design 2021 12 16T133540.116

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See the following update for December from the mortgage and real estate expert, Holden Lewis. Pay close attention, as these updates are directly related to how building your home sooner, rather than later, could be the best move for you!

On Wednesday, Dec. 15, 2021, the average interest rate on a 30-year fixed-rate mortgage fell one basis point to 2.998% APR. The average rate on a 15-year fixed-rate mortgage was unchanged at 2.28% APR and the average rate on a 5/1 adjustable-rate mortgage fell two basis points to 2.75% APR, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is two basis points lower than one week ago and five basis points higher than one year ago. A basis point is one one-hundredth of one percent. Rates are expressed as an annual percentage rate, or APR.

Holden Lewis

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