Freddie Mac (FMCC) Reports 30-year FRM Average Dropped to 6.82%

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.82 percent.

"Mortgage rates showed little movement again this week, hovering around 6.8 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either. While incoming economic signals indicate lower rates of inflation, we do not expect rates will decrease meaningfully in the near-term. On the plus side, inventory is improving somewhat, which should help temper home price growth.”

You May Also Be Interested In

• Huang Calls AI 'the Great Equalizer' During G20 Event
• Lakeland wins firefighting gear contract with Airports of Thailand
• MN8 Energy, Google, and Eos to build solar and storage project in West Virginia