Freddie Mac headquarters

McLEAN, VA–Average mortgage rates are moving up as the year end approaches, according to Freddie Mac’s Primary Mortgage Market Survey. If this trend continues, it could have an impact on home sales, which have been very robust for the last year — in no small part because of the relatively low mortgage rates.

Freddie Mac reports that the 30-year fixed-rate mortgage averaged 3.94% with an average 0.5 point for the week ending December 21, 2017, up from the previous week when it averaged 3.93%. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.3%. The 15-year fixed-rate mortgage averaged 3.38% with an average 0.5 point, up from the previous week’s 3.36%. A year ago, it was 3.52%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39% this week with an average 0.3 point, up from last week when it averaged 3.36%. A year ago at this time, the 5-year ARM averaged 3.32%.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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