US Mortgage Rates Edge Higher in the Week Ending November 20
Original Source:
Mortgage Rates Show Little Movement
Mortgage Rates Show Little Movement
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, November 20.
The 30-year fixed-rate mortgage averaged 6.26%, up from 6.24% the previous week. A year ago at this time, the 30-year rate averaged 6.84%.
The 15-year fixed-rate mortgage averaged 5.54%, down from 5.49% last week. A year ago at this time, the 15-year rate averaged 6.02%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates have been shifting within a narrow ten-basis point range over the last month. This rate stability is a positive sign for both buyers and sellers, as it helps provide greater certainty in the housing market.”
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