Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending August 25, 2022. The PMMS reports that the 30-year fixed-rate mortgage (FRM) averaged 5.55% with an average 0.8 point, up from last week when it averaged 5.13%. A year ago at this time, the 30-year FRM averaged 2.87%.
The 15-year FRM averaged 4.85% with an average 0.8 point, up from last week when it averaged 4.55%. A year ago at this time, the 15-year FRM averaged 2.17%.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.36% with an average 0.4 point, down from last week when it averaged 4.39%. A year ago at this time, the 5-year ARM averaged 2.42%.
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