(310) 569-1335

the collective Realty

the collective, REALTY Blog

Low Mortgage Rates In Late November

Posted on November 26, 2019 by Anthony Vulin in Beverly Hills, Glendale, Hollywood Hills, Market Update, Real Estate, Santa Monica, Silver Lake, Uncategorized, West Hollywood

According to the Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 3.66 percent.

“The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist. “Residential real estate accounts for one-sixth of the economy, and the improving real estate market will support economic growth heading into next year.”

Freddie Mac News Facts

  • 30-year fixed-rate mortgage averaged 3.66 percent with an average 0.6 point for the week ending November 21, 2019, down from last week when it averaged 3.75 percent. A year ago, at this time the 30-year FRM averaged 4.81 percent.
  • 15-year fixed-rate mortgage averaged 3.15 percent with an average 0.5 point, down from last week when it averaged 3.20 percent. A year ago, at this time the 15-year FRM averaged 4.24 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.44 percent. A year ago, at this time the 5-year ARM averaged 4.09 percent.

Credits: FreddieMac.com


0 comments

Leave A Comment