Mortgage rates pause on upward climb

Industry News MCLEAN, Va. — Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.70%. “The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,” said Sam Khater,…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
New study says market conditions, not city requirements, prevent housing construction
Report: Unlike America Which is Growing, Massachusetts Sees 6.4% Decline in Housing Inventory
Canada disappointed by U.S. plan to maintain softwood lumber duties
Kansas City area bank cites rising interest rates, housing inventory as reasons for layoffs
2023 Lumber markets outlook: Short-lived growing pains in the forecast