Mortgage Rates Decrease

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey results for Oct. 16, 2025: the 30-year fixed-rate mortgage averaged 6.27%, down from 6.30% the prior week and from 6.44% a year ago. The 15-year FRM averaged 5.52%, down from 5.53% last week and 5.63% a year earlier.

Freddie Mac noted modest weekly declines, an uptick in refinance activity, higher housing inventory and slower house price growth as supportive factors for buyers and refinancers.

MCLEAN, Va., Oct. 16, 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 6.27%.

“Mortgage rates inched down this week and have held relatively steady over the past several weeks,” said Sam Khater, Chief Economist at Freddie Mac. “Importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with increased housing inventory and slower house price growth, these rates also are creating a more favorable environment for those looking to buy a home."

News Facts

• The 30-year FRM averaged 6.27% as of October 16, 2025, down from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.44%.
• The 15-year FRM averaged 5.52%, down from last week when it averaged 5.53%. A year ago at this time, the 15-year FRM averaged 5.63%.

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)714-0644
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a319a3f-505c-472c-b9a2-b6567f803dc6

FAQ

What mortgage rates did Freddie Mac report on Oct. 16, 2025 for FMCC?

Freddie Mac reported the 30-year FRM at 6.27% and the 15-year FRM at 5.52% as of Oct. 16, 2025.

How did the 30-year FRM for FMCC change week-over-week on Oct. 16, 2025?

The 30-year FRM fell from 6.30% to 6.27% compared with the prior week.

What did Freddie Mac say about refinance activity in the Oct. 16, 2025 PMMS for FMCC?

Freddie Mac said homeowners noticed lower rates, which has driven an uptick in refinance activity.

How do Oct. 16, 2025 FMCC rates compare to a year earlier?

The 30-year FRM was 6.44% a year ago, so the Oct. 16, 2025 rate of 6.27% is lower than a year earlier.

What loan assumptions does the PMMS for FMCC use in its rate averages?

PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.