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.