Freddie Mac (FMCC) Reports 30-year FRM Average Dropped to 7.08%
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Mortgage Rates Rise Above Seven Percent
November 10, 2022 10:00 AM ESTMCLEAN, Va., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.08 percent.
As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent, said Sam Khater, Freddie Macs Chief Economist. The housing market is the most interest-rate sensitive segment of the... More
