Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election.

But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.

Per Freddie Mac’s latest Primary Mortgage Market Survey, the average interest rate for the 30-year, fixed-rate mortgage for the week ending Dec. 29, 2016 was 4.32%, up slightly from last week’s average of 4.3%.

A year ago, the 30-year, fixed-rate mortgage averaged 4.01%.

The last week’s increase, albeit a small one, represents a continuation of a nine-week run of increasing interest rates since the election.

Freddie Mac mortgage rates Dec. 29 2016

(Click the image to enlarge)

Despite the nine straight weeks of increases, the annual average for the 30-year, fixed-rate mortgage for 2016 is 3.65%, which is the lowest annual average ever recorded in the Freddie Mac survey, stretching back to 1971.

“On a short week following the Christmas holiday, the 10-year Treasury yield was relatively unchanged,” Freddie Mac Chief Economist Sean Becketti noted.

“The 30-year mortgage rate rose 2 basis points to 4.32%, closing the year with nine consecutive weeks of increases,” Becketti added. “As mortgage rates continue to increase, home sales and affordability will continue to be a concern for housing in 2017.”

Additionally, Freddie Mac’s report also showed that the 15-year, fixed-rate mortgage averaged 3.55% this week, up from last week when it averaged 3.52%.

Last year at this time, the 15-year FRM averaged 3.24%.

Freddie Mac’s report also showed that the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.3% this week, down slightly from last week’s average of 3.32%.

A year ago, the 5-year ARM averaged 3.08%.