Freddie Mac
Freddie Mac was commissioned by the US Congress in 1970 in order to expand the secondary market for mortgages in the US. In order to achieve this end, it purchases mortgages on the secondary market and repackages them as mortgage-backed securities which it then sells to investors.
Primary Mortgage Market Survey Report
Last Updated: May 16, 2013, 10:25 AM EDT
Next Release: May 23, 2013, 8:30 AM EDT
Freddie Mac's Primary Mortgage Market Survey® (PMMS®) surveys lenders each week on the rates and points for their most popular 30-year fixed-rate, 15-year fixed-rate, 5/1 hybrid amortizing adjustable-rate, and 1-year amortizing adjustable-rate mortgage products. The survey is based on first-lien prime conventional conforming mortgages with a loan-to-value of 80 percent. In addition, the adjustable-rate mortgage (ARM) products are indexed to U.S. Treasury yields and lenders are asked for both the initial coupon rate and points as well as the margin on the ARM products.
| Major Indicators from this Report | Period | Value | Change from Prev |
|---|---|---|---|
| North Central Freddie Mac Region 30 Year Mortgage Rate | Wk of May 16 2013 | 3.52% | 2.62% |
| Northeast Freddie Mac Region 30 Year Mortgage Rate | Wk of May 16 2013 | 3.51% | 1.74% |
| Southeast Freddie Mac Region 30 Year Mortgage Rate | Wk of May 16 2013 | 3.53% | 3.22% |
| Southwest Freddie Mac Region 30 Year Mortgage Rate | Wk of May 16 2013 | 3.54% | 3.21% |
| US 1 Year Adjustable Rate Mortgage Rate | Wk of May 16 2013 | 2.55% | 0.79% |
| US 15 Year Mortgage Rate | Wk of May 16 2013 | 2.69% | 3.07% |
| US 30 Year Mortgage Rate | Wk of May 16 2013 | 3.51% | 2.63% |
| US 5/1 Adjustable Rate Mortgage Rate | Wk of May 16 2013 | 2.62% | 1.55% |
| West Freddie Mac Region 30 Year Mortgage Rate | Wk of May 16 2013 | 3.48% | 2.96% |
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