Freddie Mac (OTCQB: FMCC) reported new mortgage rate declines in the Christmas Eve edition of its Primary Mortgage Market Survey.
The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. A year ago at this time, it averaged 6.85%.
The 15-year fixed-rate mortgage averaged 5.50%, up from last week when it averaged 5.47%. A year ago at this time, it averaged 6.00%.
“The average 30-year fixed-rate mortgage decreased further this week,” said Sam Khater, Freddie Mac’s chief economist. “Declining rates offer a timely and welcome gift for aspiring homebuyers.”
