30-year fixed-rate mortgage dropped to 5.3% - Freddie Mac (FMCC)

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Mortgage Rates Drop

July 7, 2022 10:00 AM EDT

MCLEAN, Va., July 07, 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 5.30 percent.

Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession... More