Mortgage Rates Remain Stable - For Now

By
Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports.

“Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam Khater, Freddie Mac’s chief economist. “The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment offers favorable conditions for refinancing.”

Omicron Variant Threatens More Disruption in Real Estate  

Higher Mortgage Loan Limits Set for 2022

Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 2:

  • 30-year fixed-rate mortgages: averaged 3.11%, with an average 0.6 point, rising slightly from last week’s 3.10% average. Last year at this time, 30-year rates averaged 2.71%.

To learn more about mortgage rates and the home buying process, visit the SCOOP! Blog

Comments (2)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

They are forcasting a slight bump up in 2022.  we will see.   It's Saturday, enjoy your weekend. bill

Dec 04, 2021 04:22 AM
Jackie A. Graves

Hi Bill, thank you for your comment. Very much appreciated. Stay posted for future blogs and make it a great day. 

Dec 05, 2021 07:09 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and Thank You for the interesting blog to share with us here in the Rain.  Make it a good day!

Dec 04, 2021 09:25 AM
Jackie A. Graves

Hi Will, thank you for your comment. Very much appreciated. Stay posted for future blogs and make it a great day. 

Dec 05, 2021 07:10 PM