Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

Freddie Mac Observes Mortgage Rate Decline Due to High Inflation, Economic Downturn

Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) results shows the 30-year fixed-rate mortgage averaged 5.70% with an average 0.9 point as of June 30, 2022, down from last week when it averaged 5.81%. A year ago at this time, the 30-year FRM averaged 2.98%.

“The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,” says Sam Khater,

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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