Mortgage rates dived ahead of the Thanksgiving holiday, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate averaged 6.23% as of Nov. 26, down from last week when it averaged 6.26%. A year ago at this time, it averaged 6.81%.
The 15-year fixed-rate mortgage averaged 5.51%, down from last week when it averaged 5.54%. A year ago at this time, it averaged 6.10%.
Sam Khater, Freddie Mac’s chief economist, observed, “With pending home sales at the highest level since last November, homebuyer activity continues to show resilience as we near the end of the year.”
rates dived?? ridiculous. this is not a dive it is tipping toes into the kiddie pool.