Mortgage and Refinance Rates Today - December 19 2020 Mortgage and refinance rates remain near historic lows for the last few weeks

With mortgage and refinance rates today at attractive levels, it is an excellent time to consider refinancing or buying a home.

The average rate for a 30-year fixed mortgage today is 2.866%, a remarkable decrease of 0.058% since this time last week. 15-year fixed-rate mortgages have fallen to an average of 2.361%, down 0.041% since last Friday. 5-year adjustable-rate mortgages decreased slightly, with the average rate standing at 3.061%, down just 0.003% since last week.

Borrowers who are considering refinancing should keep an eye on the 10-year Treasury yields. These yields influence mortgage rates and can be used as an indicator of where rates are heading. As of December 19, the 10-year Treasury yield stands at 0.941%.

For borrowers who are considering buying a home, the outlook is bright. Mortgage and refinance rates are significantly lower than they were at this time last year. Borrowers can expect more competition for real estate as buyers lock in attractive fixed rates.

Overall, mortgage and refinance rates today remain attractive, as evidenced by the 0.058% drop in the average 30-year fixed rate. Homebuyers and those considering refinancing their existing mortgages should take advantage of these attractive rates while they last.


Mortgage and refinance rates have been on a downward trend over the past few weeks, reaching all-time lows. The average 30-year fixed mortgage rate today stands at 2.866%, 0.058% lower than last week, while the average 15-year fixed rate is 2.361%, 0.041% lower than last week. 5-year adjustable-rate mortgages also decreased slightly, with the average rate standing at 3.061%, down 0.003% since last week. This downward trend indicates that mortgage and refinance rates are attractive for both those looking to buy and those looking to refinance their existing mortgages.

The 10-year Treasury yield provides an indication of where mortgage rates are heading and is an important measure for those considering refinancing. On December 19, the 10-year Treasury yield stands at 0.941%.

Homebuyers should also take advantage of the attractive mortgage and refinance rates, as they are significantly lower than a year ago. With such low rates, competition for real estate is expected to increase.

In conclusion, mortgage and refinance rates remain attractive and continue to decline. Those considering buying a home or refinancing their existing mortgage should act now while such low rates are still available.

This article was contributed on Nov 10, 2023