Mortgage rates ticked up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19%. A year ago at this time, it averaged 6.60%.
The 15-year fixed-rate mortgage averaged 5.54%, up from last week when it averaged 5.44%. A year ago at this time, it averaged 5.84%.
“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.
