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Originally Published: Dec 03, 2020
Originally Published: Dec 03, 2020 Last Updated: Dec 03, 2020 7 min read
Money; Getty Images

The number of mortgage loan applications filed ticked down last week. Purchase applications were up, but refinance applications dropped off. However, both types of loans remained well above 2019 levels, with refinances more than doubling last year's volume. For the second week in a row, the number of homeowners entering forbearance plans increased.

Mortgage rates dropped by .054 percentage points from yesterday.

Today's Mortgage Rates

The average rate for a 30-year fixed-rate purchase mortgage was 3.283% on Wednesday. On Tuesday, the average rate was 3.337%.

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 3, 2020
Loan type Average Rate
30-Year Fixed Loan 3.283%
15-Year Fixed Loan 2.435%
30-Year FHA Loan 3.162%
30-Year VA Loan 3.263%
30-Year Jumbo Loan 3.64%

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