Mortgage Rates Pull Back, Freddie Mac Says

By Andrea RiquierMarketWatch Pulse

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%.

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