Mortgage Rates Inch Down

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the average 30-year fixed-rate mortgage was 6.36% as of May 14, 2026, down from 6.37% the prior week and 6.81% a year earlier.

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the average 30-year fixed-rate mortgage was 6.36% as of May 14, 2026, down from 6.37% the prior week and 6.81% a year earlier.

The 15-year FRM averaged 5.71%, compared with 5.72% last week and 5.92% one year ago. Freddie Mac notes purchase demand is softening but above last year, while existing-home sales are modestly edging up.

Argus May 14 session

-0.85% close to close Open Argus

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News Market Reaction – FMCC

On May 14, the day this news came out, FMCC closed 0.85% below the previous close.

Data tracked by StockTitan Argus for the May 14 session.

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MCLEAN, Va., May 14, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.36%.

“Mortgage rates ticked down this week, averaging 6.36%,” said Sam Khater, Freddie Mac’s Chief Economist. “While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up.”

News Facts

• The 30-year FRM averaged 6.36% as of May 14, 2026, slightly down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.81%.
• The 15-year FRM averaged 5.71%, slightly down from last week when it averaged 5.72%. A year ago at this time, the 15-year FRM averaged 5.92%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571)382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b87a8c8-e7f8-4ef9-a9d2-0a1fa9730b8b 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the average 30-year mortgage rate in Freddie Mac’s May 14, 2026 PMMS for FMCC?

The average 30-year fixed-rate mortgage was 6.36% as of May 14, 2026. According to Freddie Mac, this compares with 6.37% the prior week and 6.81% at the same time last year, indicating a modest year-over-year decline.

How did the 15-year fixed mortgage rate change in Freddie Mac’s May 14, 2026 survey (FMCC)?

The 15-year fixed-rate mortgage averaged 5.71% in the May 14, 2026 survey. According to Freddie Mac, this is slightly below 5.72% the previous week and below 5.92% a year earlier, giving borrowers somewhat lower short-term fixed-rate options.

How do current mortgage rates from Freddie Mac’s May 14, 2026 PMMS compare to last year for FMCC?

Both 30-year and 15-year mortgage rates are lower than a year ago. According to Freddie Mac, the 30-year FRM fell from 6.81% to 6.36%, while the 15-year FRM decreased from 5.92% to 5.71%, easing borrowing costs slightly.

What does Freddie Mac say about home purchase demand in the May 14, 2026 FMCC mortgage survey?

Freddie Mac reports purchase demand is softening but remains above levels from the same week last year. According to Freddie Mac, recent data also show existing-home sales modestly edging up, suggesting ongoing though tempered activity in the housing market.

What types of loans are included in Freddie Mac’s Primary Mortgage Market Survey for May 14, 2026 (FMCC)?

The survey tracks conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, it focuses on borrowers who put 20% down and have excellent credit, offering a benchmark for prime mortgage pricing across the U.S. housing market.

Why is Freddie Mac’s weekly PMMS mortgage rate report on FMCC important for borrowers and investors?

It provides a widely followed benchmark for U.S. mortgage rates each week. According to Freddie Mac, the PMMS reflects pricing on prime conventional loans, helping borrowers gauge affordability and giving investors insight into housing market conditions and financing costs.