PMMS | Jotup

Nearing Seven Percent, Mortgage Rates Continue to Decrease

Retrieved on:

Thursday, December 7, 2023

Housing, Consumer, PMMS, Freddie Mac, FMCC, OTCQB, Freddy, FRM

MCLEAN, Va., Dec. 07, 2023 (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 7.03 percent.

Key Points:

MCLEAN, Va., Dec. 07, 2023 (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 7.03 percent.
“The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago,” said Sam Khater, Freddie Mac’s Chief Economist.
“When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the last week.
The 15-year FRM averaged 6.29 percent, down from last week when it averaged 6.56 percent.

Mortgage Rates Decline After a Three-Week Ascent

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Thursday, June 8, 2023

Freddie Mac, Consumer, PMMS, OTCQB, Housing, FMCC, Freddy, FRM, Real estate

MCLEAN, Va., June 08, 2023 (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 6.71 percent.

Key Points:

MCLEAN, Va., June 08, 2023 (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 6.71 percent.
“Mortgage rates decreased after a three-week climb,” said Sam Khater, Freddie Mac’s Chief Economist.
“While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.”
30-year fixed-rate mortgage averaged 6.71 percent as of June 8, 2023, down from last week when it averaged 6.79 percent.
15-year fixed-rate mortgage averaged 6.07 percent, down from last week when it averaged 6.18 percent.

Mortgage Rates Continue to Increase

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Thursday, May 25, 2023

Freddie Mac, Consumer, PMMS, OTCQB, Housing, FMCC, Freddy, FRM, Real estate

MCLEAN, Va., May 25, 2023 (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 6.57 percent.

Key Points:

MCLEAN, Va., May 25, 2023 (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 6.57 percent.
“The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” said Sam Khater, Freddie Mac’s Chief Economist.
30-year fixed-rate mortgage averaged 6.57 percent as of May 25, 2023, up from last week when it averaged 6.39 percent.
15-year fixed-rate mortgage averaged 5.97 percent, up from last week when it averaged 5.75 percent.

Mortgage Rates Inch Down

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Thursday, May 11, 2023

Freddie Mac, Consumer, PMMS, Growth, OTCQB, Housing, FMCC, Freddy, FRM, Real estate

MCLEAN, Va., May 11, 2023 (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 6.35 percent.

Key Points:

MCLEAN, Va., May 11, 2023 (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 6.35 percent.
“This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last year,” said Sam Khater, Freddie Mac’s Chief Economist.
This should bode well for the trajectory of mortgage rates over the long-term.”
30-year fixed-rate mortgage averaged 6.35 percent as of May 11, 2023, down from last week when it averaged 6.39 percent.
15-year fixed-rate mortgage averaged 5.75 percent, down slightly from last week when it averaged 5.76 percent.

Mortgage Rates Decrease for the Third Consecutive Week

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Thursday, March 30, 2023

Freddie Mac, Consumer, PMMS, OTCQB, Housing, FMCC, Freddy, FRM, Real estate

MCLEAN, Va., March 30, 2023 (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 6.32 percent.

Key Points:

MCLEAN, Va., March 30, 2023 (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 6.32 percent.
“Economic uncertainty continues to bring mortgage rates down,” said Sam Khater, Freddie Mac’s Chief Economist.
“Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers.”
30-year fixed-rate mortgage averaged 6.32 percent as of March 30, 2023, down from last week when it averaged 6.42 percent.
15-year fixed-rate mortgage averaged 5.56 percent, down from last week when it averaged 5.68 percent.

Mortgage Rates Decline

Retrieved on:

Thursday, January 12, 2023

Housing, Freddy, PMMS, Congress, OTCQB, FMCC, FRM, Freddie Mac, Real estate

MCLEAN, Va., Jan. 12, 2023 (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 6.33 percent.

Key Points:

MCLEAN, Va., Jan. 12, 2023 (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 6.33 percent.
“While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates,” said Sam Khater, Freddie Mac’s Chief Economist.
“Over the last few weeks latent demand has been on display with buyers jumping in and out of the market as rates move.”
30-year fixed-rate mortgage averaged 6.33 percent as of January 12, 2023, down from last week when it averaged 6.48 percent.
15-year fixed-rate mortgage averaged 5.52 percent, down from last week when it averaged 5.73 percent.

Mortgage Rates Tick Down

Retrieved on:

Wednesday, November 23, 2022

Freddy, Congress, FMCC, Housing, OTCQB, PMMS, FRM, Freddie Mac, Real estate

MCLEAN, Va., Nov. 23, 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 6.58 percent.

Key Points:

MCLEAN, Va., Nov. 23, 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 6.58 percent.
Mortgage rates continued to tick down heading into the Thanksgiving holiday, said Sam Khater, Freddie Macs Chief Economist.
In recent weeks, rates have hit above seven percent only to drop by almost half a percentage point.
30-year fixed-rate mortgage averaged 6.58 percent as of November 23, 2022, down from last week when it averaged 6.61 percent.

Mortgage Rates Dip Under Seven Percent

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Thursday, November 3, 2022

FMCC, Federal Reserve, Congress, GLOBE, Freddy, OTCQB, Collection, Freddie Mac, FRM, Housing, Federal, Treasury, PMMS, ARM, Real estate

Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 6.95 percent with an average 0.8 point as of November 3, 2022, down from last week when it averaged 7.08 percent.
15-year fixed-rate mortgage averaged 6.29 percent with an average 1.2 point, down from last week when it averaged 6.36 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Surpass Seven Percent

Retrieved on:

Thursday, October 27, 2022

Treasury, Congress, Freddie Mac, Housing, Collection, Freddy, OTCQB, ARM, FRM, GLOBE, FMCC, PMMS, Real estate

The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 7.08 percent with an average 0.8 point as of October 27, 2022, up from last week when it averaged 6.94 percent.
15-year fixed-rate mortgage averaged 6.36 percent with an average 1.4 point, up from last week when it averaged 6.23 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Resume Their Climb

Retrieved on:

Thursday, October 13, 2022

GLOBE, Congress, ARM, Treasury, OTCQB, Growth, FRM, Housing, Collection, PMMS, FMCC, Freddie Mac, Real estate

Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 6.92 percent with an average 0.8 point as of October 13, 2022, up from last week when it averaged 6.66 percent.
15-year fixed-rate mortgage averaged 6.09 percent with an average 1.1 point, up from last week when it averaged 5.90 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.