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
