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Record Low Mortgage Rates Stick for Another Week
Money.com
12/10/2020
© Money; Getty Images
Mortgage-Rate-Weekly-Down
Despite rising Treasury yields, mortgage interest rates stayed at the record low for another week, according to Freddie Mac’s weekly Primary Mortgage Market Survey.
For the week ending December 10, the average rate for a 30-year fixed-rate mortgage was 2.71% with 0.70 discount points paid. Thats’s steady with the previous week, when rates declined to the 14th low of the year. One year ago, the average rate was 3.73%.
“Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” said Sam Khater, chief economist for Freddie Mac. ....

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