The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released on May 30 show fixed mortgage rates continuing upward. The average 30-year and 15-year rates reached their highest levels in a year. Nevertheless, mortgage rates remain low historically, helping to keep home-buyer affordability high.

Fixed mortgage rates rose again for the third week in a row, according to the May 23 results of Freddie Mac’s Primary Mortgage Market Survey(R) (PMMS®), putting pressure on refinance momentum.

The May 16 release of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) results shows fixed-rate mortgages moving higher for the second consecutive week, up from record or near-record lows a couple of weeks ago.