XHB - Mortgage rates move marginally lower amid declining housing affordability and low inventory

30-year fixed-rate mortgage averaged 3.10% with an average 0.7 point for the week ending Dec. 9, 2021, down slightly from last week's 3.11%; higher than year ago the 30-year FRM averaged 2.71%, according to the Freddie Mac Primary Mortgage Survey. "Going forward, the path that rates take will be directly impacted by more information about the Omicron variant as it is revealed and the overall trajectory of the pandemic. In the meantime, rates remain low and stable, even as the nation faces declining housing affordability and low inventory," Freddie Mac’s Chief Economist Sam Khater commented. 15-year fixed-rate mortgage averaged 2.38% with an average 0.7 point, down from last week when it averaged 2.39% and a year ago at this time, the 15-year FRM averaged 2.26%. 5-year Treasury indexed hybrid adjustable-rate mortgage averaged 2.45% with an average 0.3 point, down from last week when it averaged 2.49% and a year ago at this time, the

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Mortgage rates move marginally lower amid declining housing affordability and low inventory