<ul><li>The average mortgage rate on a 30-year fixed mortgage is 7.14%, down from 7.16% last week.</li><li>The average rate on a 15-year fixed mortgage is 6.26%, down 0.04 percentage points from the previous week.</li><li>Borrowers should compare their existing mortgage rate to today's refinance rates to lock in a lower rate.</li><li>Factors such as credit score, debt-to-income ratio, and loan programs impact mortgage rates for borrowers.</li></ul>

Mortgage Rates Today: December 5, 2024—Rates Remain Fairly Steady

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