30-year fixed-rate mortgage averages 4.55%
After retreating for two consecutive months, mortgage rates will end the year lower, according to the latest Freddie Mac Primary Mortgage Market Survey.
According to the survey, the 30-year fixed-rate mortgage fell from 4.62% last week, averaging 4.55% for the week ending Dec. 27, 2018. Notably, this is an increase from last year’s rate of 3.99%.
Freddie Mac Chief Economist Sam Khater said rates continued their two-month slide and are currently hovering around the same level as the early summer, which was before the deterioration in home sales.
