Mortgage Rates
Weekly average rates from Freddie Mac PMMS — the benchmark most lenders and calculators reference.
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Common Questions
- Where do these mortgage rates come from?
- Rates are sourced from the Freddie Mac Primary Mortgage Market Survey (PMMS), published weekly via the Federal Reserve Economic Data (FRED) database.
- Why do mortgage rates change every week?
- Mortgage rates follow broader bond markets, especially the 10-year Treasury yield, plus Fed policy, inflation expectations, and lender demand.
- Should I wait for rates to drop before buying?
- Timing the market is difficult. Use our mortgage calculator to model payments at different rates and focus on what fits your budget and timeline.