30-Year Mortgage Rates Continues to drop for 6th week – 12/22/2022
3d image of house with graph falling
“Heading into the holidays, mortgage rates continued to move down,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates have declined significantly over the past six weeks, which is helpful for potential homebuyers, but new data indicates homeowners are hesitant to list their homes. Many of those homeowners are carefully weighing their options as more than two-thirds of current homeowners have a fixed mortgage rate of below four percent.”
News Facts
- The 30-year fixed-rate mortgage averaged 6.27 percent as of December 22, 2022, down from last week when it averaged 6.31 percent. A year ago at this time, the 30-year FRM averaged 3.05 percent.
- The 15-year fixed-rate mortgage averaged 5.69 percent, up from last week when it averaged 5.54 percent. A year ago at this time, the 15-year FRM averaged 2.30 percent.
