Monday, 27 June 2022 | 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

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