Mortgage Rates Pause, 30-year Averages 5.70%

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Mortgage Rates Pause from their Ascent

June 30, 2022 10:00 AM EDT

MCLEAN, Va., June 30, 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 5.70 percent.

The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high... More