Mortgage Rates Drop Below 5% - Freddie Mac (FMCC)
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Mortgage Rates Drop Below Five Percent
August 4, 2022 10:00 AM EDTMCLEAN, Va., Aug. 04, 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 4.99 percent.
Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth, said Sam Khater, Freddie Macs... More
