Monday, February 6, 2023 | The Latest Buzz for the Appraisal Industry

Despite Rising Mortgage Rates, Homebuyer Interest Keeps Market Competitive

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.81% with an average 0.8 point as of June 23, 2022, up from last week when it averaged 5.78%. A year ago at this time, the 30-year FRM averaged 3.02%.

“Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,” observes Sam Khater, Freddie Mac’s chief economist. “The combination of

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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