HOMZ - Mortgage rates hit record low at year-end

30-year fixed-rate mortgage averages 2.66% for the week ending Dec. 24, down from 2.67% in the prior week and 3.74% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey."The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity," says Sam Khater, Freddie Mac’s Chief Economist. "Moving into 2021, we expect rates to hold steady but the key driver in the near term will be the trajectory of the COVID-19 pandemic and the execution of the vaccine."15-year FRM averages 2.19% vs. 2.21% in the prior week and 3.19% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage averages 2.79%, unchanged from a week ago and down from 3.45% a year ago.Homebuilder stocks are mostly rising in today's session, with iShares U.S. Home Construction ETF (ITB) up 0.32%; By name: D.R. Horton ([[DHI]] +0.6%), PulteGroup ([[PHM]] +0.7%), KB Home ([[KBH]] +0.9%),

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Mortgage rates hit record low at year-end