Wednesday, 18 May 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Rise Above Three Percent

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

“The 30-year fixed-rate mortgage rose to its highest point since April,” explains Sam Khater, Freddie Mac’s chief economist. “As inflationary pressure builds due to the ongoing pandemic and tightening monetary policy, we expect rates to continue a modest upswing.”

“Historically speaking, rates are still low, but many potential homebuyers are staying on the sidelines due to high home



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