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Originally Published: Dec 09, 2020
Originally Published: Dec 09, 2020 Last Updated: Dec 09, 2020 7 min read
Money; Getty Images

The overall volume of mortgage loan applications decreased last week despite an increase in the number of refinance applications. The third quarter, however, saw record-setting levels of loan activity for purchase and refinance loans as well as overall lending originations.

Mortgage rates ticked down for the second day in a row.

Today's Mortgage Rates

The average rate for a 30-year fixed-rate purchase mortgage was 3.182% on Tuesday. On Monday, the average rate was 3.193%.

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 9, 2020
Loan type Average Rate
30-Year Fixed Loan 3.182%
15-Year Fixed Loan 2.396%
30-Year FHA Loan 3.219%
30-Year VA Loan 3.376%
30-Year Jumbo Loan 3.607%

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