On October 29, 2015, Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates falling slightly lower amid market expectations of no rate increase by the Federal Reserve. Highlights of the report include: 1. 30-year fixed-rate mortgage (FRM) averaged 3.76 percent with an average 0.6 point for the week ending October 29, 2015, down from last week when it averaged 3.79 percent. A year ago at this time, the 30-year FRM averaged 3.98 percent. 2. 15-year FRM this week averaged 2.98 percent with an average 0.6 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.13 percent.
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