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Originally Published: Dec 02, 2020
Originally Published: Dec 02, 2020 Last Updated: Dec 02, 2020 8 min read
Money

Economists expect 2021 to be another record breaking year for the housing market — albeit a more 'normal' one that 2020. Buyers should benefit from more inventory, but are likely to face higher mortgage rates.

Meanwhile, mortgage interest rates increased slightly from yesterday.

Today's Mortgage Rates

The average rate for a 30-year fixed-rate purchase mortgage was 3.337% on Tuesday. On Monday, the average rate was 3.305%.

Money's mortgage rates include data from over 8,000 lenders across the United States and are updated daily. These rates include discount points and represent what a borrower with a 20% down payment and 700 credit scores — roughly the national average FICO score — would have been quoted.

Mortgage Rates for December 2, 2020
Loan type Average Rate
30-Year Fixed Loan 3.337%
15-Year Fixed Loan 2.403%
30-Year FHA Loan 3.182%
30-Year VA Loan 3.257%
30-Year Jumbo Loan 3.609%

Rates are subject to change. All information provided here is accurate as of the publish date.