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However, uncertainty about the war in Ukraine is driving rate volatility that likely will continue in the short-term.”

“Over the long-term, we expect rates to continue to rise as inflation broadens and shortages increasingly impact many segments of the economy. Treasury yields increased,” said Sam Khater, Freddie Mac’s chief economist. “Following two weeks of declines, mortgage rates rose this week as U.S. A year ago at this time, the 5-year ARM averaged 2.77%. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97% with an average 0.3%, up from last week when it averaged 2.91%.A year ago at this time, the 15-year FRM averaged 2.38%. 15-year fixed-rate mortgage averaged 3.09% with an average 0.8 point, up from last week when it averaged 3.01%.A year ago at this time, the 30-year FRM averaged 3.05%. 30-year fixed-rate mortgage averaged 3.85% with an average 0.8 point for the week ending March 10, 2022, up from last week when it averaged 3.76%.Freddie Mac its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.85%. Opinions or views expressed in these articles do not necessarily represent those of FEA.After a brief dip, interest rates are back on the rise.

Mortgage rates are also rising, but purchase demand remains firm, showing that latent purchase demand exists among consumers.”įEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. In a statement prepared for this week’s PMMS report, Freddie Mac’s Chief Economist, Sam Khater said, “The yield on the 10-year Treasury note has been trending up due to the decline in new COVID cases, increasing consumer optimism, as well as broadening inflation and persistent shortages. A year ago, at this time, the 15-year FRM averaged 2.32%.

The 15-year fixed-mortgage averaged 2.37% with an average 0.7 point, up from last week when it averaged 2.33%. A year ago, at this time, the 30-year FRM averaged 2.81%. The PMMS reports that 30-year fixed-rate mortgage averaged 3.14% with an average 0.7 point, up from last week when it averaged 3.09%. Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending October 28, 2021.