Freddie Mac (FMCC) Announces Mortgage Rates Exceed Five Percent

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Mortgage Rates Exceed Five Percent

April 21, 2022 10:00 AM EDT

MCLEAN, Va., April 21, 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 5.11 percent.

Mortgage rates increased for the seventh consecutive week, as Treasury yields continued to rise, said Sam Khater, Freddie Macs Chief... More