30-year fixed-rate mortgage averaged 5.89 percent - Freddie Mac (FMCC)

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Mortgage Rates Maintain their Ascent

September 8, 2022 10:00 AM EDT

MCLEAN, Va., Sept. 08, 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 5.89 percent.

Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation, said Sam Khater, Freddie Macs Chief Economist. Not... More