US Mortgage Rates Edge Lower in the Week Ending December 18
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Mortgage Rates Drop Slightly
Mortgage Rates Drop Slightly
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, December 18.
The 30-year fixed-rate mortgage averaged 6.21%, down from 6.22% the previous week. A year ago at this time, the 30-year rate averaged 6.72%.
The 15-year fixed-rate mortgage averaged 5.47%, down from 5.54% last week. A year ago at this time, the 15-year rate averaged 5.92%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months. With rates down half a percent over last year, purchase applications are 10% above the same time one year ago.”
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