Friday, 20 May 2022 | The Latest Buzz for the Appraisal Industry

Freddie Mac Reports Mortgage Rates Drop at Yearend

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 3.05%.

“The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease,” observes Sam Khater, Freddie Mac’s Chief Economist. “As the year comes to a close, the housing market is proceeding steadily. However, rates are expected to increase in 2022 which will impact homebuyer demand as well as refinance activity.”

The 30-year fixed-rate mortgage

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