"December Sees Mortgage Rates Plummet to 4-Month Lows, Boosting Refinance Demand"

Mortgage rates have reached their lowest levels since July, with November being a particularly strong month. December has continued the trend, with rates dropping by 0.07% in the first few days. The stability in rates can be attributed to positive economic data, including a good inflation report and lower energy prices. A recent government report on job openings, which came in lower than expected, further contributed to the decline in rates. However, rate quotes vary depending on individual circumstances, with some borrowers seeing rates in the mid 7% range and others in the mid-to-high 6's.