Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continued to tick down heading into the Thanksgiving holiday. In recent weeks, rates have hit above seven percent only to drop by almost half a percentage point. This volatility is making it difficult for potential homebuyers to know when to get into the market, and that is reflected in the latest data which shows existing home sales slowing across all price points."

• 30-year fixed-rate mortgage (FRM) averaged 6.58 percent for the week ending November 23, 2022, down from last month when it averaged 7.08 percent. A year ago, at this time, the 30-year FRM averaged 3.10 percent.

• 15-year FRM this week averaged 5.9 percent, down from last month when it averaged 6.36 percent. A year ago, at this time, the 15-year FRM averaged 2.42 percent.