Freddie Mac reported mortgage interest rates as of December 5 were little changed from the prior week. Rates seem to have settled to levels just above the three-year lows that marked the summer months and remain tempting to potential homebuyers.
The 30-year fixed rate was 3.68%, unchanged from the prior week and quite similar to rates that have prevailed since early October. Early December looked much the same as the average rate for 3.70% for November and 3.69% for October.
The 15-year fixed rate was down 1 basis point to 3.14% and remained in line with the rate seen since mid-October. The rate averaged 3.16% for November and 3.14% in October.
The 5/1-year ARM rate was down 4 basis points to 3.39%, but like fixed rates, has not essentially changed in two months. ARM rates averaged 3.41% for November and 3.38% for October and September.
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