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Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 10/06/2022 MCLEAN, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.66 percent. “Mortgage rates decreased slightly this week due to ongoing economic uncertainty,” said Sam Khater, Freddie Mac’s Chief Economist. “However, rates remain quite high compared to just one year ago
Mortgage rates are the highest they've been since 2007 and have ripple effects across the housing market.