Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease. As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as well as refinance activity."

• 30-year fixed-rate mortgage (FRM) averaged 3.05 percent with an average 0.7 points for the week ending November 24th, 2021, down from last month when it averaged 3.1 percent. A year ago, at this time, the 30-year FRM averaged 2.66 percent.

• 15-year FRM this week averaged 2.3 percent with an average 0.7 points, up from last month when it averaged 2.42 percent. A year ago, at this time, the 15-year FRM averaged 2.19 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.37 percent this week with an average 0.4 points, down from last month when it averaged 2.47 percent. A year ago, at this time, the 5-year ARM averaged 2.79 percent.