FMCC Freddie Mac

Mortgage Rates Continue to Trend Down

Mortgage Rates Continue to Trend Down

MCLEAN, Va., Oct. 22, 2020 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its  (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971.

“Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates today are on average more than a full percentage point lower than rates over the last five years. This means that most low- and moderate-income borrowers who purchased during the last few years stand to benefit by exploring refinancing to lower their monthly payment.”

News Facts

  • averaged 2.80 percent with an average 0.6 point for the week ending October 22, 2020, down from last week when it averaged 2.81 percent. A year ago at this time, the 30-year FRM averaged 3.75 percent.
  • averaged 2.33 percent with an average 0.6 point, down from last week when it averaged 2.35 percent. A year ago at this time, the 15-year FRM averaged 3.18 percent.
  • (ARM) averaged 2.87 percent with an average 0.3 point, down from last week when it averaged 2.90 percent. A year ago at this time, the 5-year ARM averaged 3.40 percent.

The PMMS is focused on conventional, conforming, fully-amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the . Borrowers may still pay closing costs which are not included in the survey.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at , Twitter and Freddie Mac’s blog .

MEDIA CONTACT:

Angela Waugaman

703-714-0644

Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at

EN
22/10/2020

Underlying

FMCCFreddie Mac

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Freddie Mac

 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Continue to Move Up

Mortgage Rates Continue to Move Up MCLEAN, Va., July 17, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.75%. “The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act,” said Sam Khater, Freddie Mac’s Chief Economist. News Facts The averaged 6.75% as of July 17, 2025, up from last week when it averaged 6.72%. ...

July 17, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Tick Up

Mortgage Rates Tick Up MCLEAN, Va., July 10, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.72%. “After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite ongoing affordability challenges in the housing market, we are seeing home purchase and refinance applications respond to the downward trajectory in rates, increasing by 25% and 56%, respectively, c...

July 10, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Heading into the Holiday Weekend, Mortgage Rates Decrease

Heading into the Holiday Weekend, Mortgage Rates Decrease MCLEAN, Va., July 03, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.67%. “The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. This is the largest weekly decline since early March. Declining mortgage rates are encouraging and, while overall affordability challenges remain, we are seeing more sellers enter the market giving prospective buyers an advantage,” said Sam Khater, Freddie Mac’s Chief Economist. News...

July 3, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Mortgage Rates Decrease

Mortgage Rates Decrease MCLEAN, Va., June 26, 2025 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77%. “Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market,” said Sam Khater, Freddie Mac’s Chief Economist. News Facts The averaged 6....

June 26, 2025 1 EN
 PRESS RELEASE
Free
FMCC FREDDIE MAC

Freddie Mac Issues Monthly Volume Summary for May 2025

Freddie Mac Issues Monthly Volume Summary for May 2025 MCLEAN, Va., June 25, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its for May 2025, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or ke...

June 25, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch