Mortgage Rates Continued to Trek Higher in the Week Ending September 22, 2022

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending September 22, 2022. The PMMS reports that the 30-year fixed-rate mortgage (FRM) averaged 6.29% with an average 0.9 point, up from last week when it averaged 6.02%. A year ago at this time, the 30-year FRM averaged 2.88%.

The 15-year FRM averaged 5.44% with an average 1.0 point, up from last week when it averaged 5.21%. A year ago at this time, the 15-year FRM averaged 2.15%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.97% with an average 0.4 point, up from last week when it averaged 4.93%. A year ago at this time, the 5-year ARM averaged 2.43%.


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