Freddie Mac reports the 30-year fixed-rate mortgage (FRM) averaged 6.72% this week, a rise from last week’s 6.60% and marginally higher than the 6.67% recorded a year ago. Similarly, the 15-year FRM increased to 5.92% from last week’s 5.84%, but it remains slightly below last year’s 5.95%. According to Freddie Mac’s Chief Economist Sam Khater, homebuyers are beginning to adapt to these rates, contributing to gradual increases in purchasing activity.
30-year fixed-rate mortgage climbs to 6.72%, while the 15-year fixed-rate reaches 5.92% as of December 19, 2024.
Mortgage rates reach 6.72%, reflecting a steady increase
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