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

Last Updated: Oct 21 2021, 10:02 EDT    Next Release: Oct 28 2021, 10:00 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 Chg Prev
15 Year Mortgage Rate Wk of Oct 14 2021 2.30% 3.14%
30 Year Mortgage Rate Wk of Oct 14 2021 3.05% 2.01%
5/1 Adjustable Rate Mortgage Rate Wk of Oct 14 2021 2.55% 1.19%



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