MCLEAN, Va.--The average 30-year fixed mortgage rate remained largely unchanged this week at 6.22%, Freddie Mac reported.
“This week the 30-year fixed-rate mortgage averaged 6.22%. On a median-priced home, this could allow a homebuyer to save thousands annually compared to earlier this year, showing that affordability is slowly improving,” said Sam Khater, Freddie Mac’s chief economist.
The 30-year FRM averaged 6.22% as of Nov. 6, up from last week when it averaged 6.17%. A year ago at this time, the 30-year FRM averaged 6.79%. The 15-year FRM averaged 5.50%, up from last week when it averaged 5.41%. A year ago at this time, the 15-year FRM averaged 6.00%, Freddie Mac said.