Mortgage Rates Dip Slightly This Week

Fixed-rate mortgages changed little this week, but remain near its highs in recent months.

Freddie Mac reports the following national averages for the week ending Dec. 12:

  • 30-year fixed-rate mortgages: averaged 4.42 percent, with an average 0.7 point, dropping from last week’s 4.46 average. Last year at this time, 30-year rates averaged 3.32 percent.
  • 15-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.7 point, falling from last week’s 3.47 percent average. A year ago, 15-year rates averaged 2.66 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.94 percent, with an average 0.4 point, also dropping from last week’s 2.99 percent average. Last year at this time, 5-year ARMs averaged 2.70 percent.

Source: Freddie Mac