US Mortgage Rates Trend Lower in the Week Ending November 26

On Wednesday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Wednesday, November 26.

The 30-year fixed-rate mortgage averaged 6.23%, down from 6.26% the previous week. A year ago at this time, the 30-year rate averaged 6.81%.

The 15-year fixed-rate mortgage averaged 5.51%, down from 5.54% last week. A year ago at this time, the 15-year rate averaged 6.10%.

Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:

“Heading into the Thanksgiving holiday, mortgage rates decreased. With pending home sales at the highest level since last November, homebuyer activity continues to show resilience as we near the end of the year.”