Mortgage Update
Mortgage Rates Inch Up Across the Board, Applications Increased but Remain Well Below Last Year’s Levels
On Thursday, September 22, 2022, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), stating that the 30-year fixed-rate mortgage (FRM) averaged 6.29 percent, up from last week when it averaged 6.02 percent. The 15-year fixed-rate mortgage averaged 5.44 percent, up from last…
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