Monday, 15 August 2022 | The Latest Buzz for the Appraisal Industry

Fixed-Rate Mortgage Decreases Nearly Half a Percent

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.30% with an average 0.8 point as of July 7, 2022, down from last week when it averaged 5.70%. A year ago at this time, the 30-year FRM averaged 2.90%.

“Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” says Sam Khater, Freddie Mac’s

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