Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “Following a decline in the first nine months of 2019, mortgage rates have traded narrower during the last two months with a modest drift upward due to an improved economic outlook. While there has been a lag in the housing market’s response to lower rates, real estate volumes have clearly shifted into a higher gear. Moreover, the recent improvement in the cyclical segments of the economy and easing financial conditions will provide a gentle tailwind to the real estate market rebound over the next few months.”

• 30-year fixed-rate mortgage (FRM) averaged 3.68 percent with an average 0.5 points for the week ending November 27, 2019, up from last month when it averaged 3.66 percent. A year ago, at this time, the 30-year FRM averaged 4.81 percent.

• 15-year FRM this week averaged 3.15 percent with an average 0.5 points, the same from last month when it also averaged 3.15 percent. A year ago, at this time, the 15-year FRM averaged 4.25 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.43 percent this week with an average 0.3 points, up from last month when it averaged 3.39 percent. A year ago, at this time, the 5-year ARM averaged 4.12 percent.