AGNC - Mortgage rates hold at record lows fueling refinancing

30-year fixed-rate mortgage averages 2.72% for the week ending Nov. 25, unchanged from the previous week, and down from 3.68% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey.The record low rates are fueling a refinance boom, mainly by high-income borrowers, said Freddie Chief Economist Sam Khater."On the homebuying side, demand continues to surge, and it has created a seller’s market where inventory is at a record low and home prices are rising, beginning to offset the benefits of the low rates," he adds.15-year FRM averages 2.28%, unchanged W/W, and down from 3.15% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage averages 3.16% vs. 2.85% in the prior week and 3.43% a year ago.Homebuilder stocks are mixed, with many of the largest builders gaining: D. R. Horton ([[DHI]] +0.1%), KB Home ([[KBH]] -0.4%), PulteGroup ([[PHM]] +0.1%), Toll Brothers ([[TOL]] -0.3%), Lennar ([[LEN]] -0.7%).Mortgage REIT

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Mortgage rates hold at record lows, fueling refinancing