Real Estate Mortgage Rates Hold Steady For First Week Of December
MCLEAN, Va. — Freddie Mac Thursday released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent.
“This week the economy sent mixed signals, leaving mortgage rates unchanged,” said Sam Khater, Freddie Mac’s Chief Economist. “Survey data for manufacturing and service industries varied while construction spending fell modestly. However, homebuyer demand continued to improve, rising eight percent. Clearly homebuyers remain bullish on the real estate market.”
News Facts
- 30-year fixed-rate mortgage averaged 3.68 percent with an average 0.5 point for the week ending December 5, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.75 percent.
- 15-year fixed-rate mortgage averaged 3.14 percent with an average 0.4 point, down slightly from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 4.21 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.43 percent. A year ago at this time, the 5-year ARM averaged 4.07 percent.
