MCLEAN, Virginia — Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.61%. “The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into the new year, the economy remains on firm ground with solid growth, a tight labor market, decelerating inflation, and a nascent rebound in the housing market.” …The 30-year FRM averaged 6.61% as of December 28, 2023, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.42%. The 15-year FRM averaged 5.93%, down from last week when it averaged 5.95%. A year ago at this time, the 15-year FRM averaged 5.68%.