Overview
- Freddie Mac’s weekly survey shows the 30-year fixed rate at 6.22%, up 3 basis points from 6.19%, with the 15-year at 5.54%.
- Treasury yields shifted only modestly after the Federal Reserve’s 25-basis-point cut to 3.50%–3.75%, leaving mortgage pricing largely unchanged.
- Other trackers report small variations, with Zillow pegging the 30-year average near 5.99% on Dec. 12, underscoring methodological differences across surveys.
- Realtor.com’s outlook points to mortgage rates hovering in the low-6% range through 2026, supporting gradual affordability gains rather than a sharp rebound.
- Supply constraints persist as homeowners with 2%–3% loans stay put, a ‘lock-in’ effect Powell highlighted that continues to limit resale inventory.