Freddie Mac has reported 30 year mortgage rates have held steady from last weeks drop, at 4.81 percent
This hold followed a drop in reported rates from October 11 rates of 4.9 percent and the range up to 4.94 percent reported at the November 8 to November 15 time frame.
As rates steady coming into a seasonally slower period, they are still on pace to have increased a full percentage point from the first of the year.
Going forward, rates are projected to settle in at the low 5 percent range for 2019 with another half point increase projected into 2020.(This from the Freddie Mac Primary Mortgage Survey)
Other than seasonality, the mortgage market is facing a fed which is still tightening and unwinding the quantitative easing purchases. Comments from the Fed Chairman are being watched closely for any sign in a change on tightening monetary policy and for clues as to what 2019 has in store for interest rates.