HOMZ - Mortgage rates hover near record lows expected to stay flat into new year

30-year fixed-rate mortgage averages 2.67% for the week ending Dec. 31, up a tick from 2.66% in the previous week and down from 3.72% a year ago, according to the Freddie Mac Primary Mortgage Market Survey."Heading into 2021 we expect rates to remain flat, potentially rising modestly off their record low, but solid purchase demand and tight inventory will continue to put pressure on housing markets as well as house price growth," said Freddie Chief Economist Sam Khater.15-year FRM averages 2.17%, down from 2.19% in the previous week and 3.16% a year ago.5-year Treasury-indexed hybrid adjustable rate mortgage averages 2.71%, down from 2.79% in the previous week and 3.46% at this time last year.Homebuilders stocks decline, with the iShares U.S. Home Construction ETF (ITB) down 0.9%; by name, D.R. Horton ([[DHI]] -0.6%), KB Home ([[KBH]] -0.5%), Pulte Group ([[PHM]] -0.8%), and Toll Brothers ([[TOL]] -0.8%).Homebuilder ETFs: [[ITB]], [[XHB]], [[NAIL]], [[HOMZ]],

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Mortgage rates hover near record lows, expected to stay flat into new year