Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending June 16, 2022. The PMMS reports that the 30-year fixed-rate mortgage (FRM) averaged 5.78% with an average 0.9 point, up from last week when it averaged 5.23%. This is the largest one week increase since 1987. A year ago, at this time, the 30-year FRM averaged 2.93%.
The 15-year fixed-rate mortgage averaged 4.81% with an average 0.9 point, up from last week when it averaged 4.38%. A year ago, at this time, the 15-year FRM averaged 2.24%.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.33 with an average 0.3 point, up from last week when it averaged 4.12%. A year ago, at this time, the 5-year ARM averaged 2.52%.
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