Mortgage rates inch up but continue to move in narrow range

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Mortgage rates edged up but continued to move in a narrow range, according to [https://seekingalpha.com/pr/20316139-mortgage-rates-show-little-movement] the latest Freddie Mac (OTCQB:FMCC [https://seekingalpha.com/symbol/FMCC]) Primary Mortgage Survey.

30-year fixed-rate mortgages averaged 6.26% as of November 20, up from 6.24% last week and below the year-ago level of 6.84%.

15-year fixed-rate mortgages averaged 5.54%, up from 5.49% last week and down from 6.02% a year ago.

"Mortgage rates have been shifting within a narrow ten-basis point range over the last month," said Freddie Mac's chief economist, Sam Khater.

"This rate stability is a positive sign for both buyers and sellers, as it helps provide greater certainty in the housing market," added Khater.

Here is a look at the mortgage rate movements in the last one month:

[https://www.freddiemac.com/pmms]
Source: Freddie Mac

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