WASHINGTON – Mortgage rates declined again to near record-lows this week, according to Freddie Mac.
The average for the 30-year fixed-rate loan dropped to 3.32% this week, from 3.34% last week; while the average for the 15-year mortgage slipped to 2.66%, from 2.67%. Both are near all-time lows.
ARM rates were mixed, with the average for the five-year ARM inching up to 2.70%, from 2.69% last week; and the average for the one-year ARM dipping to 2.53%, from 2.55%.
“Mortgage rates held relatively steady following the November employment report,” said Frank. Nothaft, chief economist for Freddie Mac. “Although 146,000 jobs were created, above the market consensus forecast of 85,000, revisions subtracted 49,000 workers over the September and October period.