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Today's Mortgage Rates: Friday, December 18, 2020

Benzinga Contributor
·3 min read

30-year and 15-year fixed-rate purchase mortgages are down from yesterday. 30-year fixed-rate refinance mortgage rates have also dropped, but 15-year refinance rates are up.

Loan Type

Rate*

APR

Get Started

30-year fixed purchase

2.73%

2.78%

Explore Lenders

15-year fixed purchase

2.40%

2.49%

Explore Lenders

30-year fixed refinance

2.61%

2.66%

Explore Lenders

15-year fixed refinance

2.18%

2.26%

Explore Lenders

*rates as of 12/18/2020

Mortgage Rate Comparison

At 2.73%, today's rate for 30-year fixed-rate purchase mortgages is 0.08 percentage points lower than yesterday and 0.05 percentage points lower than last week.

All 15-year fixed-rate purchase mortgages are at 2.40%, which is 0.15 percentage points lower than yesterday and 0.10 percentage points lower than last week.

All 30-year fixed-rate refinance mortgages are at 2.61%, which is 0.02 percentage points lower than yesterday and 0.01 percentage points lower than this time last week.

All 15-year fixed-rate refinance mortgages are at 2.18%, which is 0.01 percentage points higher than yesterday and down 0.04% lower than last week.

Mortgage Calculator

What do these rates mean for your mortgage? Find out with our mortgage calculator.

Enter Your Details in Our Mortgage Calculator. Working Remote? Here is the Best Place Buy a House

The Cornhusker State has a lot to offer. Omaha has a thriving music and arts scene and it's also home to excellent restaurants and breweries. Nebraska also has one of the highest high school graduation rates in the U.S.

The average salary in Nebraska is $65,465 per year, which is just below the national average of $66,665. Every dollar you earn will stretch a bit further than in other states, though, as Nebraska has a relatively low cost of living. The median price of a home in Nebraska is $168,900, compared to the national median of $231,200. Mortgage rates are competitive at 2.75%.

Many have realized how liveable Nebraska is, and its housing market is one of the most competitive in the country. If you see a home that's a good fit, be sure to make a competitive offer as soon as you can.

Best Mortgage Lenders

Which mortgage lender should you choose? Here are our top picks.

Rocket Mortgage® by Quicken Loans®

The Rocket Mortgage® by Quicken Loans platform makes getting a mortgage a seamless experience. You can securely connect Rocket Mortgage with your bank so you don't have to upload multiple bank statements. After a painless application, you can see custom loan options and choose the best one for you.

Once you choose a mortgage option, the platform's to-do list ensures you complete all the steps needed to close your loan. Rocket Mortgage takes the stress out of the mortgage process.

New American Funding

Whether you're a first-time homebuyer or refinancing your home, New American Funding has a mortgage that meets your needs. It offers conventional, FHA, VA and proprietary mortgages along with reverse mortgages. New American Funding has excellent ratings from customers and an A+ rating from the Better Business Bureau.

Historic Low Mortgage Rates

Mortgage rates are at historic lows, so now is the perfect time to buy or refinance a home. To ensure you get the best rate, talk to multiple lenders. Review each quote carefully and choose a lender with competitive rates and stellar service.

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