Rates for home loans headed lower in the latest week as bond investors awaited certainty on big Washington policy initiatives.
The 30-year fixed-rate mortgage averaged 3.92% in the holiday-shortened November 22 week, mortgage provider Freddie Mac said Wednesday. That’s down three basis points compared to last week. The 15-year fixed-rate mortgage averaged 3.32%, up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.22%, up from 3.21%.