Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The uncertainty and volatility in financial markets is heavily impacting mortgage rates. Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has more than doubled over the last year. This means that for the typical mortgage amount, a borrower who locked-in at the higher end of the range would pay several hundred dollars more than a borrower who locked-in at the lower end of the range. The large dispersion in rates means it has become even more important for homebuyers to shop around with different lenders."
• 30-year fixed-rate mortgage (FRM) averaged 6.7 percent with an average 0.9 points for the week ending September 29, 2022, up from last month when it averaged 5.55 percent. A year ago, at this time, the 30-year FRM averaged 3.01 percent.
• 15-year FRM this week averaged 5.96 percent with an average 1.3 points, up from last month when it averaged 4.85 percent. A year ago, at this time, the 15-year FRM averaged 2.28 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 5.3 percent this week with an average 0.4 points, up from last month when it averaged 4.36 percent. A year ago, at this time, the 5-year ARM averaged 2.48 percent.