Little Movement in Mortgage Rates

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® showing mortgage rates remained relatively stable. The 30-year fixed-rate mortgage (FRM) averaged 6.67% as of March 20, 2025, a slight increase from 6.65% last week, but lower than the 6.87% recorded a year ago.

The 15-year FRM averaged 5.83%, up marginally from 5.80% last week, and down from 6.21% compared to the previous year. Chief Economist Sam Khater noted that the 30-year FRM has remained under 7% for nine consecutive weeks, creating favorable conditions for both buyers and sellers.

Positive

• Mortgage rates remain below 7% for nine consecutive weeks
• Both 30-year and 15-year FRM rates are lower compared to previous year
• Stable rates creating favorable conditions for market activity

Negative

• Slight week-over-week increase in both 30-year and 15-year mortgage rates

MCLEAN, Va., March 20, 2025 (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 6.67%.

"The 30-year fixed-rate mortgage has stayed under 7% for nine consecutive weeks, which is helpful for potential buyers and sellers alike,” said Sam Khater, Freddie Mac’s Chief Economist.

News Facts

• The 30-year FRM averaged 6.67% as of March 20, 2025, up slightly from last week when it averaged 6.65%. A year ago at this time, the 30-year FRM averaged 6.87%.
• The 15-year FRM averaged 5.83%, up slightly from last week when it averaged 5.80%. A year ago at this time, the 15-year FRM averaged 6.21%.

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:
Angela Waugaman
(703)772-9528
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fda5aaa-23e8-4af5-824b-bca8c6fcd6d5

FAQ

What are the current 30-year mortgage rates for Freddie Mac (FMCC) as of March 2025?

The 30-year fixed-rate mortgage averaged 6.67% as of March 20, 2025, slightly up from 6.65% the previous week.

How do Freddie Mac's (FMCC) current mortgage rates compare to last year?

Current rates are lower year-over-year, with the 30-year FRM at 6.67% compared to 6.87% a year ago, and the 15-year FRM at 5.83% versus 6.21% last year.

How long have FMCC's mortgage rates stayed below 7%?

The 30-year fixed-rate mortgage has remained under 7% for nine consecutive weeks.

What is the current 15-year fixed-rate mortgage rate for Freddie Mac (FMCC)?

The 15-year fixed-rate mortgage averaged 5.83% as of March 20, 2025.