Rates were down slightly in the past week, with the survey being released one-day early because of Thanksgiving. For the week ending November 22, Freddie Mac announced that 30-year fixed rates fell to 3.92% from 3.95% the week before. The average for 15-year loans increased one tick to 3.32%. The average for five-year adjustables also increased one tick to 3.22%. A year ago, 30-year fixed rates averaged 4.03%, slightly higher than today. Attributed to Sean Becketti, chief economist, Freddie Mac — “Rates dipped slightly in a short week leading up to the Thanksgiving holiday. The 10-year Treasury yield fell roughly 4 basis points, while 30-year fixed rates dropped 3 basis points to 3.92 percent. Rates on home loans continue to remain low.”
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Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.