Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage moved down this week, but not by much. 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."
• 30-year fixed-rate mortgage (FRM) averaged 6.81 percent for the week ending November 27, 2024, up from last month when it averaged 6.72 percent. A year ago, at this time, the 30-year FRM averaged 7.22 percent.
• 15-year FRM this week averaged 6.1 percent, up from last month when it averaged 5.99 percent. A year ago, at this time, the 15-year FRM averaged 6.56 percent.
