A cooling labor market reported this week with unemployment rising slightly, while in line with expectations, did little to move mortgage rates, economists report. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate mortgage (FRM) averaging 6.21%, a slight decline of one basis point from last week’s rate…
As we head into 2026, mortgage rates are expected to remain in line with today’s rates, which, while not the sharp decline some buyers may have been hoping for, are enough to see modest home price growth in the new year, economists predict. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
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Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. -Mortgage industry advocates are warning that fee hikes on credit reporting services could be a significant blow to an already struggling housing market. Mortgage lenders are reporting price increases of up to 50% for…
Mortgage rates improved for the second straight week according to new Freddie Mac data, showing a continued lean toward a more affordable market in the fast approaching 2026. The latest Primary Mortgage Market Survey® found that the 30-year fixed rate mortgage (FRM) averaged 6.19%, down from last week when it averaged 6.23%. A year ago…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. As of Nov. 20, the average 30-year fixed mortgage rate sat at 6.26%, slightly up from the previous week’s reading of 6.24%. Tracking with higher rates, mortgage applications—tracked by the Mortgage Bankers Association—found that…
Mortgage rates saw little movement this week, reflecting a overall market pause related to the government shutdown these past weeks and related uncertainty, economists say. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average 30-year fixed-rate mortgage (FRM) moved up 2 basis points this week to 6.24% from…
Following Fed Chair Jerome Powell’s comments last week that a December rate cut is not a guarantee, economists said mortgage rates moving higher was an expected market response but also one that favors an improving climate for home affordability. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average…
Mortgage rate watchers point out that so far this year rates have fallen 87 basis points from their mid-January peak, a welcome event for homebuyers that have been waiting on the sidelines and homeowners who have been considering refinancing. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average…
With mortgage rates continuing to decline–to their lowest point in over a year this week–refinance activity enters its sixth week at a high pace. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average 30-year fixed-rate mortgage (FRM) slid another eight basis points this week to 6.19% from last…
With the future of Fannie Mae in flux due to President Trump’s stated desire to potentially privatize it, CEO Priscilla Almodovar stepped down as the head of the mortgage giant on Oct. 22, with Peter Akwaboah, Fannie Mae’s current COO, appointed to the additional role of acting CEO of Fannie Mae, according to William J.…
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