Use of the data is at the user’s sole risk. For more information regarding Freddie Mac’s enhancement, see their research note.ĭata are provided “as is” by Freddie Mac®, with no warranties of any kind, express or implied, including but not limited to warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. The weekly mortgage rate is now based on applications submitted to Freddie Mac from lenders across the country.
To see data from this week’s PMMS or others from this year, visit November 17, 2022, Freddie Mac changed the methodology of the Primary Mortgage Market Survey® (PMMS®). Released every Thursday, the report uses survey data collected weekly on FRM and ARM loans. In 2016, the five-year ARM rate was about 2.81 percent.įreddie Mac has provided mortgage market data via the PMMS since 1971. The average rate on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was up this week, increasing from 3.14 percent to 3.15 percent. The average 15-year mortgage rate this time last year was 2.76 percent. Rates on 15-year mortgages were also down from the previous week, averaging 3.08 percent, versus last week’s rates of 3.12 percent. “The 30-year mortgage rate followed, dropping 4 basis points to a year-to-date low of 3.78 percent."
"The 10-year Treasury yield fell nine basis points this week, reaching a new 2017-low for a second consecutive week,” said Sean Becketti, Chief Economist, Freddie Mac. According to the Primary Mortgage Market Survey (PMMS) released by Freddie Mac, rates on both 30-year and 15-year mortgages are down from one week ago, and for the third-week consecutively.įor the week ending September 7, the 30-year fixed-rate mortgage averaged 3.78 percent-down from the previous week’s average of 3.82 percent, but up from the same time last year, when rates averaged 3.44 percent.
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