After Jump, Mortgage Rates Stabilize This Week

After a big jump last week, home-mortgage rates stabilized this week, with rates on fixed-rate mortgages barely changing, according to Freddie Mac’s weekly survey of conforming mortgage rates, released Wednesday.

Rates on 30-year fixed-rate mortgages averaged 4.4% for the week ended Nov. 24, up from 4.39% last week. The rate averaged 4.78% a year ago.

Fifteen-year fixed-rate mortgages averaged 3.77% this week, up from 3.76% last week. It averaged 4.29% a year ago. Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.45% this week, up from 3.4% last week. The ARM averaged 4.18% a year ago.

Full Story from the Wall Street Journal

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