Mortgage rates declined yet again in the results of the Primary Mortgage Market Survey for the week ended December 7. Freddie Mac reported that the 30-year fixed-rate mortgage reached the second lowest point of the year at 6.11 percent with an average 0.5 point. This was a drop of 3 basis points from the previous week and was only higher than the 6.10 percent rate for the week of January 19.
The 15 year FRM averaged 5.84 percent with 0.5 point. The week ending November 30 the 15-year averaged 5.87 percent and one year ago it was at 5.87 percent as well.
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