Mortgage Rates Hold Steady

Nov 29, 2018

Rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac

The latest mortgage rate data from Freddie Mac found little in the way of movement.

The 30-year fixed-rate mortgage (FRM) averaged 4.81 percent for the week ending Nov. 29, unchanged from last week. The 15-year FRM this week averaged 4.25 percent, up from last week when it averaged 4.24 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.12 percent, up from last week when it averaged 4.09.

“Mortgage rates stabilized the last couple of months as interest rate sensitive sectors such as new auto and home sales have clearly softened the outlook for the economy,” said Sam Khater, Freddie Mac’s Chief Economist. “Homebuyers pounced on the stability in rates as purchase mortgage applications increased, which indicates that despite higher mortgage rates this year there are buyers on the fence waiting for the right time to buy.”

Separately, the Federal Housing Finance Agency (FHFA) reported that the average interest rate on all mortgage loans in October was 4.72 percent, up nine basis points from 4.63 in September. The effective interest rate on all mortgage loans was 4.81 percent in October, up nine basis points from 4.72 in September. And the average loan amount for all loans was $315,100 in October, up $9,000 from $306,100 in September.

About the author

Phil Hall

Link copied

Published

Nov 29, 2018

Industry News

Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Analysis and Data

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Nov

Pasadena, CA

More from

Industry News

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026

Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance

Sep 22, 2026

MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News

Sep 22, 2026