Long-Term Mortgage Rates Rise this Week, Reversing 11-Week Trend
McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS ) in which the 30-year fixed-rate mortgage (FRM) averaged 5.12 percent with an average 0.7 point for the week ending January 22, 2009, up from last week when it averaged 4.96 percent. Last year at this time, the 30-year FRM averaged 5.48 percent.