![]() “Mortgage rates jumped again due to high inflation and stronger than expected consumer spending,” said Sam Khater, Freddie Mac’s Chief Economist. 17, 2022 (GLOBE NEWSWIRE) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.92 percent. The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit, Freddie Mac said.MCLEAN, Va., Feb. A year ago, the 5-year ARM averaged 2.49%. ![]() The 5-year treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.31% with an average 0.3 point, down only slightly from last week when it averaged 4.35%. Year-over-year, the 15-year FRM averaged 2.12% in 2021. As a result of these factors, we expect house price appreciation to moderate noticeably.”įor 15-year fixed-rate mortgages, the average was 4.75% with an average 0.8 point, up from last week’s 4.67%. “Consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. “The housing market remains sluggish as mortgage rates inch up for a second consecutive week,” said Sam Khater, Freddie Mac’s chief economist. The percentage was up just a fraction from last week’s average of 5.51%.Ī year ago at this time, the 30-year FRM averaged 2.78%. The 30-year fixed-rate mortgage (FRM) averaged 5.54% with an average 0.8 point as of July 21, Freddie Mac said. Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage increased just slightly this week.
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