Residential News » Washington D.C. Edition | By Michael Gerrity | December 13, 2022 8:19 AM ET
Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 6.33 percent as of December 8, 2022.
"Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth," said Sam Khater, Freddie Mac's Chief Economist. "Over the last four weeks, mortgage rates have declined three quarters of a point, the largest decline since 2008. While the decline in rates has been large, homebuyer sentiment remains low with no major positive reaction in purchase demand to these lower rates."
Freddie Mac Current Mortgage News Facts: