Sunday, 25 September 2022 | The Latest Buzz for the Appraisal Industry

Freddie Mac’s Weekly Results Show Mortgage Rates Remain Flat

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.09% with an average 0.8 point as of June 2, 2022, down slightly from last week when it averaged 5.10%. A year ago at this time, the 30-year FRM averaged 2.99%.

“Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,”

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