FMCC Freddie Mac

Mortgage Rates Increase for the Second Consecutive Week

Mortgage Rates Increase for the Second Consecutive Week

MCLEAN, Va., Feb. 16, 2023 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its  (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent.

“Mortgage rates moved up for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs are also increasing and therefore impacting inflation, which continues to persist.”

News Facts

  • averaged 6.32 percent as of February 16, 2023, up from last week when it averaged 6.12 percent. A year ago at this time, the 30-year FRM averaged 3.92 percent.
  • averaged 5.51 percent, up from last week when it averaged 5.25 percent. A year ago at this time, the 15-year FRM averaged 3.15 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 .

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: | | | | | |

MEDIA CONTACT:

Angela Waugaman

703-714-0644

A photo accompanying this announcement is available at



EN
16/02/2023

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