Real Estate Mortgage Insurance Settlement
Mortgage Rates Stabilize
By RISMedia Staff
RISMEDIA, Friday, November 16, 2018— After increasing in quick succession, mortgage rates are stabilizing, with the average 30-year, fixed rate steadying at 4.94 percent, according to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate ticked up to 4.36 percent, from 4.33 percent the prior week, and the average five-year, Treasury-indexed hybrid adjustable held at 4.14 percent.
"Despite recent market volatility, mortgage rates remained steady this week," says Sam Khater, chief economist at Freddie Mac. "The stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to lower oil prices and subdued wage growth.
"On the margin, lower energy costs are a positive for the home-sales market, particularly for lower-middle income suburban buyers who spend proportionately more income on transportation costs," Khater says.
Source: Freddie Mac

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