Freddie Mac reports mortgage rates decline to 6.23%

Freddie Mac (OTCQB: FMCC) reported that 30-year fixed-rate mortgages averaged 6.23% as of November 26, according to its Primary Mortgage Market Survey.

The rate decreased from 6.26% the previous week and was down from 6.81% a year ago. The 15-year fixed-rate mortgage averaged 5.51%, declining from 5.54% the prior week and 6.10% a year earlier.

"Heading into the Thanksgiving holiday, mortgage rates decreased," said Sam Khater, Freddie Mac's Chief Economist. "With pending home sales at the highest level since last November, homebuyer activity continues to show resilience as we near the end of the year."

The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who make a 20% down payment and have excellent credit, according to the company's statement.

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