Weekly Mortgage Market Report

| Weekly Mortgage Market Report for the week ending on December 10, 2020

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| Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®

| 12/10/20 (most recent) | Trending | Average Rate | Points & Fees | Margin ---|---|---|---|--- 30-Year Fixed Rate | **◆**even | 2.71% | 0.7 | N/A 15-Year Fixed Rate | ◆even | 2.26% | 0.6 | N/A 5/1-Year ARM | ▼ down | 2.79% | 0.3 | 2.75 | 12/3/20 (previous week) | Average Rate | Points & Fees | Margin ---|---|---|--- 30-Year Fixed Rate | 2.71% | 0.7 | N/A 15-Year Fixed Rate | 2.26% | 0.6 | N/A 5/1-Year ARM | 2.86% | 0.3 | 2.75

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2. Mortgage Rates Remain Flat “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher. Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – are declining from their elevated levels earlier this year. Although today’s mortgage spread is about 1.8 percent and still has some room to move down if the 10-year Treasury continues to rise, it’s encouraging to see that the spread is almost back to normal levels.” – Sam Khater, Chief Economist, Freddie Mac