Saturday, 13 August 2022 | The Latest Buzz for the Appraisal Industry

Freddie Mac Reports Nearly Flat Mortgage Rates

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.86%.

“It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months,” says Sam Khater, Freddie Mac’s chief economist. “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases.”

“While our collective



Need Help?

Our knowledge base will help you and find the answers you're looking for.