30-year fixed-rate mortgage averaged 6.29% - Freddie Mac

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The 30-year Fixed-Rate Mortgage Increased by a Quarter of a Percent this Week

September 22, 2022 10:00 AM EDT

MCLEAN, Va., Sept. 22, 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 6.29 percent.

The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yields jump to its highest level since 2011, said Sam Khater, Freddie Macs Chief Economist.... More