Mortgage Rates to Enter New Year ‘Mostly Flat’

Fixed-rate mortgages changed little this week heading into the end of the year, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following mortgage rates for the week ending Dec. 26:

  • 30-year fixed-rate mortgages averaged 4.48 percent, with an average 0.7 point, rising from last week’s 4.47 percent average. Last year at this time, 30-year fixed-rate mortgages averaged 3.35 percent.
  • 15-year fixed-rate mortgages averaged 3.52 percent, with an average 0.7 point, increasing slightly from last week’s 3.51 percent average. Last year at this time, 15-year rates averaged 2.65 percent.
  • 5-year hybrid adjustable-rate mortgages (ARMs) averaged 3 percent, with an average 0.4 point, rising from last week’s 2.96 percent average. A year ago, 5-year ARMs averaged 2.7 percent.

Source: Freddie Mac