Since 1971, the Freddie Mac Primary Mortgage Market Survey® (PMMS®) has informed consumers on the trends in conventional, conforming mortgage rates offered by hundreds of lenders nationwide. The survey covers three single-family loan products: 30-year fixed-rate, 15-year fixed-rate, and the 5/1 Treasury-indexed adjustable-rate mortgage. Prior to January 2016, the rate for the 1-year Treasury-indexed adjustable-rate mortgage was also covered.
If you are a mortgage lender originating loans in the United States, we encourage you to take part in this important gauge of mortgage trends. Additional participants in our online survey help ensure the continued quality of the PMMS and its accurate representation of market trends in a rapidly changing industry.
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Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac's Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac's business prospects or expected results. Although the Economic & Housing Research group attempts to provide reliable, useful information, it does not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2019 by Freddie Mac.
INSIGHT | Feb 27, 2020
The United States suffers from a severe housing shortage. In a recent study, The Major Challenge of Inadequate U.S. Housing Supply, we estimated that 2.5 million additional housing units will be needed to make up this shortage. Our earlier study used national statistics, treating the United States as a single market. What happens when we look closer, basing the analysis at the state level?
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