MCLEAN, Va.--The 30-year fixed-rate mortgage showed little movement this past week, averaging 6.26%, Freddie Mac reported.
“Mortgage rates have been shifting within a narrow ten-basis point range over the last month. This rate stability is a positive sign for both buyers and sellers, as it helps provide greater certainty in the housing market,” said Sam Khater, Freddie Mac’s chief economist.
The 30-year FRM averaged 6.26% as of Nov. 20, up from last week when it averaged 6.24%. A year ago at this time, the 30-year FRM averaged 6.84%. The 15-year FRM averaged 5.54%, up from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.02%, Freddie Mac said.