Mortgage Rates Decrease

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported a decrease in mortgage rates in its Primary Mortgage Market Survey®. The 30-year fixed-rate mortgage averaged 6.77%, down from 6.81% last week and 6.86% a year ago. The 15-year fixed-rate mortgage averaged 5.89%, decreasing from 5.96% last week and 6.16% from the previous year.

According to Chief Economist Sam Khater, mortgage rates have remained stable, fluctuating within a narrow 15-basis point range since mid-April. While home sales remain low, the current market offers buyers more inventory options to consider.

Positive

• None.

Negative

• Home sales volumes remain low
• Mortgage rates still remain relatively high above 6%

MCLEAN, Va., June 26, 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 6.77%.

“Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market,” said Sam Khater, Freddie Mac’s Chief Economist.

News Facts

• The 30-year FRM averaged 6.77% as of June 26, 2025, down from last week when it averaged 6.81%. A year ago at this time, the 30-year FRM averaged 6.86%.
• The 15-year FRM averaged 5.89%, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 6.16%.

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/ca54eaf7-7ccb-4172-bc49-1db8c7a68b68

FAQ

What are the current 30-year mortgage rates according to Freddie Mac (FMCC)?

As of June 26, 2025, the 30-year fixed-rate mortgage (FRM) averaged 6.77%, down from 6.81% last week and 6.86% a year ago.

How have Freddie Mac's 15-year mortgage rates changed?

The 15-year fixed-rate mortgage averaged 5.89%, decreasing from 5.96% last week and showing significant improvement from 6.16% a year ago.

What is the current state of the housing market according to Freddie Mac?

According to Freddie Mac, while home sales remain low, the market currently offers increased inventory, providing potential homebuyers with more options to consider.

How stable have mortgage rates been according to Freddie Mac's Chief Economist?

According to Chief Economist Sam Khater, mortgage rates have remained stable, fluctuating within a narrow 15-basis point range since mid-April.

What is the difference between current FMCC mortgage rates and last year's rates?

The 30-year FRM is 0.09 percentage points lower than last year (6.77% vs 6.86%), while the 15-year FRM is 0.27 percentage points lower (5.89% vs 6.16%).