Fixed-Rate Mortgages Inch Lower
Original Source:
Heading into the New Year, Mortgage Rates Remain on a Downward Trend
Heading into the New Year, Mortgage Rates Remain on a Downward Trend
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 28, 2023.
The PMMS reports that the 30-year fixed-rate mortgage averaged 6.61%, down from last week when it averaged 6.67%. A year ago, at this time, the 30-year FRM averaged 6.42%.
The 15-year fixed-mortgage rate averaged 5.93%, down from last week when it averaged 5.95%. A year ago, at this time, the 15-year FRM averaged 5.68%.
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