For the week ending Dec. 1, mortgage rates were little changed as reported by Freddie Mac's weekly survey.

The 30-year fixed mortgage rates averaged 4.0%, up two basis points from last week, while 15-year fixed rates were unchanged at 3.30%. Meanwhile, 5/1 hybrid ARMs and one-year ARMs set new record lows of 2.90% and 2.78%, respectively, down one basis point for both over the week.

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