Mortgage rates edged up slightly in the week ending December 6, but still remained near all-time lows, according to Freddie Mac.
The government-sponsored enterprise's Primary Mortgage Market Survey showed 30-year fixed-rate mortgages were up from 3.32 to 3.34 percent. A year ago at this time, 30-year FRMs averaged 3.99 percent.
Additionally, 15-year FRMs averaged 2.67 percent, a slight increase from the 2.64 percent average in the previous week. Last year, 15-year FRMs averaged 3.27 percent.
"Mortgage rates were little changed and near record lows this week amid indicators of economic growth and signs of tame inflation," said Frank Nothaft, vice president and chief economist at Freddie Mac.
The Federal Reserve's third round of quantitative easing has helped mortgage rates stay near record lows since September, which has benefited home sales.
According to the National Association of Realtors, the Pending Home Sales Index was up 5.2 percent in October to 104.8 in October. This could be a potential sign that November home sales will benefit from the month's low interest rates.
