Nick, & Cindy Davis

Rates on Mortgages Ease – 30-Year at 3.72%

by

U.S. long-term rates on mortgages declined slightly this week, remaining close to the historically low levels where they have hovered over the past 60 days.

 

Mortgage Rates Ease - 30-Year at 3.72%

Rates on Mortgages Ease – 30-Year at 3.72%

 

Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage eased to 3.72% from 3.74% last week. The benchmark rate stood at 4.51% just last year.

The average rate on a 15-year mortgage slipped to 3.16% from 3.19%.

More positive economic data and improved housing-market sentiment have brought stability in the rate on mortgages, Freddie Mac Chief Economist Sam Khater said. For all of 2019, the 30-year loan averaged 3.9%, the fourth-lowest annual rate since Freddie Mac began tracking it in 1971, in accordance with the company.

Volatile interest rates earlier in 2019 caused a slowdown in the housing market, Khater noted. The lower interest rates and a strong job market are “setting the stage for a continued increase in home sales and home prices,” he said.

Freddie Mac surveys lenders nationwide between Monday and Wednesday each week to compile its mortgage rate figures. The average doesn’t include extra fees, generally known as points, which most borrowers must pay to get the lowest rates.

The average fee on 30-year fixed-rate mortgages remained at 0.7 point this week. The average fee for the 15-year mortgage also held at 0.7 point.

The average rate for a five-year adjustable-rate mortgage rose to 3.46% from 3.45% last week. The fee was unchanged at 0.3 point.

Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.

Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.

Start Your Home Search

Ways Our Family Can Help Your Family

All Homes For Sale in & Around Tampa

  • List View
  • Map View
  • Grid View

See all All Homes Around Tampa.
(all data current as of 12/9/2025)

Listing information deemed reliable but not guaranteed. Read full disclaimer.