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Mortgage Rates Stay Flat Ahead of Holiday Weekend

WRE NEWS December 1, 2024

Buyer

Mortgage Rates Stay Flat Ahead of Holiday Weekend

Mortgage rates remained flat ahead of the Thanksgiving holiday weekend, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC).

The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27, down from last week when it averaged 6.84%. A year ago at this time, the 30-year FRM averaged 7.22%.

The 15-year fixed-rate mortgage averaged 6.10%, up from last week when it averaged 6.02%. A year ago at this time, it averaged 6.56%.

“The 30-year fixed-rate mortgage moved down this week, but not by much,” said Sam Khater, Freddie Mac’s chief economist. “Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies. Potential homebuyers are also waiting on the sidelines, causing demand to be lackluster. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.”

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Mortgage Rates Stay Flat Ahead of Holiday Weekend

Recent Blog Posts

Midtown Neighborhood of Palo Alto

Handle Hostess Gifts With Ease

Protein Diet Coke Is All The Rage. Is It Actually Healthy For You?

Should You Sell Your House As-Is or Make Repairs?

Vacation Homes Are the Place to Take Big Swings With Color and Pattern

11 Benefits Of Chia Seeds From Gut Health To Weight Loss

We are Your GPS to Success Let’s Get Started

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