News: November 5, 2022. The 30-Year Fixed-Rate Mortgage Averaged 6.95%. It Continues to Increase

The Primary Mortgage Market Survey® (PMMS®), (reference) showed that the 30-year fixed-rate mortgage (FRM) averaged 6.95% last week as reported on November 3, 2022. The previous week it was 7.08%. It is has been increasing, however, in the last week there has been a slight slow down.

The Federal Reserve rate has increased again. The 10-year Treasury note will increase, and this will impact further the mortgage rates. This level is not seen since April 2002

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