Wednesday, 14 April 2021 | The Latest Buzz for the Appraisal Industry

Thirty-Year Fixed-Rate Mortgage Average Increases from 3.09 to 3.17 Percent

Freddie Mac’s most recent Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 3.17 percent for the week ending March 25.

This figure is up from last week, when it averaged 3.09 percent. A year ago at this time, the 30-year FRM averaged 3.5 percent.

“Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential home buyers with less purchasing power,” explains

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