MCLEAN, Va.--The 30-year fixed-rate mortgage remained flat this past week, averaging 6.24%, Freddie Mac reported.
“Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s chief economist.
The 30-year FRM averaged 6.24% as of Nov. 13, up from last week when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.78%. The 15-year FRM averaged 5.49%, down slightly from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 5.99%, Freddie Mac said.