Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

30-year FRM Average Changes from 2.78 to 5.54 Percent in One Year

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.54% with an average 0.8 point as of July 21, 2022, up from last week when it averaged 5.51%. A year ago at this time, the 30-year FRM averaged 2.78%.

“The housing market remains sluggish as mortgage rates inch up for a second consecutive week,” observes Sam Khater, Freddie Mac’s chief economist. “Consumer concerns about rising rates, inflation

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