“Mortgage rates continued to drop this week as optimism grows around the prospect that the
News Facts
- 30-year fixed-rate mortgage averaged 6.49 percent as of
December 1, 2022 , down from last week when it averaged 6.58 percent. A year ago at this time, the 30-year FRM averaged 3.11 percent.
- 15-year fixed-rate mortgage averaged 5.76 percent, down from last week when it averaged 5.90 percent. A year ago at this time, the 15-year FRM averaged 2.39 percent.
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
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Primary Mortgage Market Survey®
U.S. weekly average mortgage rates as of 12/1/2022
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