Mortgage Market Survey: 12/24/15

With the 10-year treasury yield trading down following the Fed’s first rate hike in nearly a decade, we were expecting the average 30-year mortgage rate to drop rather than rise.

And over the past week, the average rate for the benchmark 30-year mortgage ticked down 1 basis point to 3.96 percent with the average 15-year rate unchanged at 3.22 percent and the average rate for a 5-year ARM, at the short-end of the yield curve, up 3 basis points to 3.06 percent.

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