Mortgage rates remain near record high on the way to 2021. Other OTC: FMCC


MCLEAN, Va., December 31, 2020 (GLOBE NEWS WIRE) – Freddie Mac (OTCQB: FMCC) today has the results of its Primary Mortgage Market Research® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.67 percent.

“All eyes have been on mortgage rates this year, especially the 30-year fixed rate, which has fallen by more than a percentage point in the last 12 months, boosting housing market activity in 2020,” said Sam Khater, Freddie Mac’s chief economist. . “On the way to 2021, we expect interest rates to remain flat and possibly rise slightly from their record lows, but solid demand for purchases and tight inventory will continue to put pressure on housing markets and house price growth.”

News facts

  • Fixed-rate mortgage of 30 years averaged 2.67 percent with an average of 0.7 points for the week ending December 31, 2020, a slight increase from last week when it averaged 2.66 percent. A year ago, the 30-year FRB was an average of 3.72 percent.
  • 15 years fixed rate mortgage an average of 2.17 percent with an average of 0.7 points, a decrease compared to last week when the average was 2.19 percent. A year ago, the 15-year FRB was on average 3.16 percent.
  • 5 Year Treasury Indexed Hybrid Mortgage with Adjustable Interest Rate (ARM) averaged 2.71 percent with an average of 0.4 points, down from last week when it averaged 2.79 percent. A year ago, the ARM over 5 years was an average of 3.46 percent at that time.

The PMMS focuses on conventional, compliant, full-repayment home purchase loans for borrowers that lower 20 percent and have excellent credit. Average stake percentages should be reported along with average fees and points to reflect the total initial cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs that are not included in the survey.

Freddie Mac makes a home for millions of families and individuals possible by providing mortgage capital to lenders. Since our inception by Congress in 1970, we have made housing more accessible and affordable for home buyers and renters in rural communities. We are building a better home financing system for home buyers, renters, lenders, investors and taxpayers. Read more at, Twitter @FreddieMac and Freddie Mac’s blog

Angela Waugaman

A photo accompanying this announcement is available at


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