Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month. While a slight improvement in new and existing home sales is encouraging, the market remains plagued by an overwhelming undersupply of homes. A strong economy can help build momentum heading into the new year and potentially boost purchase activity."
• 30-year fixed-rate mortgage (FRM) averaged 6.85 percent for the week ending December 26, 2024, up from last month when it averaged 6.81 percent. A year ago, at this time, the 30-year FRM averaged 6.61 percent.
• 15-year FRM this week averaged 6 percent, down from last month when it averaged 6.1 percent. A year ago, at this time, the 15-year FRM averaged 5.93 percent.
