Mortgage Rates Dip Slightly This Week
Mortgage Rates Dip Slightly This Week
Mortgage Rates Dip Slightly This Week. Image courtesy of ddpavumba / FreeDigitalPhotos.net
Fixed-rate mortgages changed little this week, but remain near its highs in recent months.
Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 12:
- 30-year fixed-rate mortgages: averaged 4.42 percent, with an average 0.7 point, dropping from last week’s 4.46 average. Last year at this time, 30-year rates averaged 3.32 percent.
- 15-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.7 point, falling from last week’s 3.47 percent average. A year ago, 15-year rates averaged 2.66 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 2.94 percent, with an average 0.4 point, also dropping from last week’s 2.99 percent average. Last year at this time, 5-year ARMs averaged 2.70 percent.
- 1-year ARMs: averaged 2.51 percent, with an average 0.4 point, falling from last week’s 2.59 percent average. A year ago at this time, 1-year ARMs averaged 2.53 percent.
Source: Freddie Mac
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