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Freddie Mac: Mortgage Rates Show Little Movement in December 9th Report

General News
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Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.10 percent.

“Mortgage rates have moved sideways over the last several weeks, fluctuating within a narrow range,” said Sam Khater, Freddie Mac’s Chief Economist. “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.”

News Facts

30-year fixed-rate mortgage averaged 3.10 percent with an average 0.7 point for the week ending December 9, 2021, down slightly from last week when it averaged 3.11 percent. A year ago at this time, the 30-year FRM averaged 2.71 percent.

15-year fixed-rate mortgage averaged 2.38 percent with an average 0.7 point, down slightly from last week when it averaged 2.39 percent. A year ago at this time, the 15-year FRM averaged 2.26 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.45 percent with an average 0.3 point, down from last week when it averaged 2.49 percent. A year ago at this time, the 5-year ARM averaged 2.79 percent.

The PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at, Twitter @FreddieMac and Freddie Mac’s blog


Angela Waugaman – Media Contact – – (703) 714-0644

Source: Freddie Mac