Mortgage rates have changed slightly



MCLEAN, VA, July 29, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) released the results of its Initial research of the mortgage market (PMMS) showing that 30-year fixed rate mortgages (FRM) averaged 2.80 percent.

“As the economy works to return to its pre-pandemic state and the fight against COVID-19 options unfolds, owners and buyers continue to receive some of the lowest mortgage rates ever,” Sam said. Hater, Chief Economist. at Freddie Mac. “Largely due to current conditions, the 30-year fixed rate remains below three percent for the fifth consecutive week, while the 15-year fixed rate is hitting another all-time low.”

News Facts

  • Fixed rate mortgage for 30 years averaged 2.80 percent with an average of 0.7 points for the week ending July 29, 2021, up from last week, when it averaged 2.78 percent. A year ago at this time, the average FRM over 30 years was 2.99 percent.
  • Mortgage with a fixed interest rate for 15 years an average of 2.10 percent with an average of 0.7 points, compared with last week, when it averaged 2.12 percent. A year ago at this time, the average FRM over 15 years was 2.51%.
  • 5 Year Adjustable Rate Hybrid Mortgage Indexed by Treasury (ARM) averaged 2.45 percent with an average of 0.3 points, up from last week when it averaged 2.49 percent. A year ago at this time, the average for a 5-year-old ARM was 2.94%.

PMMS is focused on conventional, appropriate, fully amortizing home loans for borrowers who have invested 20 percent and have excellent creditworthiness. Average commitment rates should be reported along with average commissions and points to reflect the total initial cost of obtaining the mortgage. Visit the following link for Definitions… Borrowers may still pay closing costs that are not included in the survey.

Freddie Mac makes home construction possible for millions of families and individuals by providing mortgage capital to lenders. Since our inception by Congress in 1970, we have made housing more affordable and affordable for home buyers and renters in communities across the country. We create the best home finance system for home buyers, tenants, lenders, investors and taxpayers. Find out more at, Twitter @FreddieMac and Freddie Mac’s blog

Angela Vogaman

A photo accompanying this announcement is available at


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