MCLEAN, Va.--The 30-year fixed-rate mortgage showed little movement this week, averaging 6.22% according to Freddie Mac.
“The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market,” said Sam Khater, Freddie Mac’s chief economist.
The 30-year FRM averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19%. A year ago at this time, the 30-year FRM averaged 6.60%. The 15-year FRM averaged 5.54%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.84%, Freddie Mac said.