Mortgage Rates Quiet Pre-Thanksgiving: Freddie Mac

Mortgage rates remained steady during the week ending Nov. 25, according to Freddie Mac’s Primary Mortgage Market Survey.

There were dips in the rates of certain products. The 30-year fixed-rate mortgage averaged 3.95%, down 2 basis points from the previous week. Meanwhile, one-year Treasury-indexed hybrid adjustable-rate mortgages dropped 5 basis points to an average of 2.59%.

But, 15-year FRMs remained unchanged at a 3.18% average, and five-year Treasury-indexed hybrid adjustable-rate mortgages rose just 3 basis points to an average of 3.01%.

“Economic releases over the last week contained no major surprises, and none are expected in the next few days,” noted Sean Becketti, Freddie Mac’s chief economist, in a Nov. 25 press release.

We’re wishing the same can be said for Thanksgiving dinner tomorrow.

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