Mortgage Rates Continued to Push Higher in Week Ending July 21, 2022
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Mortgage Rates Continue to Inch Up
Mortgage Rates Continue to Inch Up
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 21, 2022. The PMMS reports that the 30-year fixed-rate mortgage averaged 5.54% with an average 0.8 point, up from last week when it averaged 5.51%. A year ago, at this time, the 30-year FRM averaged 2.78%.
The 15-year fixed-rate mortgage averaged 4.75% with an average 0.8 point, up from last week when it averaged 4.67%. A year ago, at this time, the 15-year FRM averaged 2.12%.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.31% with an average 0.3 point, down from last week when it averaged 4.35%. A year ago, at this time, the 5-year ARM averaged 2.49%.
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