Freddie Macs results of its Primary Mortgage Market Survey shows that "
Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years."
30-year fixed-rate mortgage FRM averaged 3.1 percent with an average 0.7 points for the week ending November 24th, 2021, down from last month when it averaged 3.14 percent. A year ago, at this time, the 30-year FRM averaged 2.72 percent.
15-year FRM this week averaged 2.42 percent with an average 0.7 points, up from last month when it averaged 2.37 percent. A year ago, at this time, the 15-year FRM averaged 2.28 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage ARM averaged 2.47 percent this week with an average 0.3 points, up from last month when it averaged 2.56 percent. A year ago, at this time, the 5-year ARM averaged 3.16 percent.