Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity. Moving into 2021, we expect rates to hold steady but the key driver in the near term will be the trajectory of the COVID-19 pandemic and the execution of the vaccine."

• 30-year fixed-rate mortgage (FRM) averaged 2.66 percent with an average 0.7 points for the week ending December 24, 2020, down from last month when it averaged 2.72 percent. A year ago, at this time, the 30-year FRM averaged 3.74 percent.

• 15-year FRM this week averaged 2.19 percent with an average 0.5 points, down from last month when it averaged 2.28 percent. A year ago, at this time, the 15-year FRM averaged 3.19 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.79 percent this week with an average 0.2 points, up from last month when it averaged 3.16 percent. A year ago, at this time, the 5-year ARM averaged 3.45 percent.