Wednesday, February 8, 2023 | The Latest Buzz for the Appraisal Industry

Fixed-Rate Mortgage Rate Average Jumps Nearly 3 Percent in a Year

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show the 30-year fixed-rate mortgage averaged 5.78% with an average 0.9 point as of June 16, 2022, up from last week when it averaged 5.23%. A year ago at this time, the 30-year FRM averaged 2.93%.

“Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,” comments Sam Khater, Freddie

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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