Mortgage Rates Pull Back, Freddie Mac Says

Mortgage rates dipped slightly as markets awaited the most recent Federal Reserve policy minutes, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.97% in the week ending Nov. 19, down from 3.98%. The 15-year fixed-rate mortgage averaged 3.18%, down from 3.20%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.98%, down from 3.03%, and the 1-year Treasury-indexed ARM averaged 2.64%, down from 2.65%.