“Mortgage rates decreased for the second consecutive week,” said
News Facts
- The 30-year FRM averaged 7.02 percent as of
May 16, 2024 , down from last week when it averaged 7.09 percent. A year ago at this time, the 30-year FRM averaged 6.39 percent. - The 15-year FRM averaged 6.28 percent, down from last week when it averaged 6.38 percent. A year ago at this time, the 15-year FRM averaged 5.75 percent.
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
(703)714-0644
Angela_Waugaman@FreddieMac.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce4e91cd-0aed-4587-bfaa-ab959a8a82ca
Primary Mortgage Market Survey®
U.S. weekly average mortgage rates as of 05/16/2024
2024 GlobeNewswire, Inc., source