Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 1, 2022.
The 30-year fixed-rate mortgage averaged 6.49%, down from last week when it averaged 6.58%. A year ago at this time, the 30-year rate averaged 3.11%.
The 15-year fixed-rate mortgage averaged 5.76%, down from last week when it averaged 5.90%. A year ago at this time, the 15-year rate averaged 2.39%.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.