Tuesday, 17 May 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Rates Rose Slightly During the Last Week of 2021

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.11%.

“Mortgage rates have effectively been moving sideways despite the increase in new COVID cases. This is because incoming economic data suggests that the economy remains on firm ground, particularly cyclical industries like manufacturing and housing. Moreover, low interest rates and high asset valuations continue to drive consumer spending,” says Sam Khater, Freddie

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