The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week
when it averaged 3.95 percent. A year ago at this time, the 30-year FRM averaged 4.03 percent.
However, the 15-year FRM this week averaged 3.32 percent, up from last week
when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.
The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.22 percent this week, up from last week
when it averaged 3.21 percent. A year ago at this time, the five-year ARM averaged 3.12 percent.
“Rates dipped slightly in a short week leading up to the Thanksgiving holiday,” said Sean Becketti, Chief Economist at Freddie Mac. “The 10-year Treasury yield fell roughly four basis points, while the 30-year mortgage rate dropped three basis points to 3.92 percent. Mortgage rates continue to remain low.”