Mortgage Rates Continue to Move Up

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 6.75% as of July 17, 2025, showing a slight increase from 6.72% the previous week. The 15-year FRM also rose to 5.92% from 5.86% last week.

According to Chief Economist Sam Khater, while affordability challenges continue, the combination of rate stability and modest inventory growth could encourage potential homebuyers to enter the market. The rates remain relatively stable compared to a year ago, when the 30-year FRM averaged 6.77% and the 15-year FRM was at 6.05%.

Positive

• None.

Negative

• 30-year FRM increased to 6.75% from 6.72% week-over-week
• Overall affordability challenges persist in the housing market
• 15-year FRM rates increased week-over-week from 5.86% to 5.92%

News Market Reaction

-2.40%

1 alert

-2.40% News Effect

On the day this news was published, FMCC declined 2.40%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., July 17, 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 6.75%.

“The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act,” said Sam Khater, Freddie Mac’s Chief Economist.

News Facts

• The 30-year FRM averaged 6.75% as of July 17, 2025, up from last week when it averaged 6.72%. A year ago at this time, the 30-year FRM averaged 6.77%.
• The 15-year FRM averaged 5.92%, up from last week when it averaged 5.86%. A year ago at this time, the 15-year FRM averaged 6.05%.

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/8a3f9a99-8d89-4763-88c0-14fff83f46b6

FAQ

What are Freddie Mac's current mortgage rates as of July 17, 2025?

The 30-year fixed-rate mortgage averaged 6.75%, while the 15-year fixed-rate mortgage averaged 5.92%.

How have FMCC mortgage rates changed compared to last week?

Both rates increased: the 30-year FRM rose from 6.72% to 6.75%, and the 15-year FRM increased from 5.86% to 5.92%.

How do current Freddie Mac mortgage rates compare to last year?

Current rates are slightly lower: The 30-year FRM is at 6.75% compared to 6.77% last year, and the 15-year FRM is at 5.92% compared to 6.05% last year.

What is Freddie Mac's outlook on the current housing market?

According to their Chief Economist, while affordability challenges persist, the combination of rate stability and moderately rising inventory may encourage potential buyers to enter the market.

What types of loans does Freddie Mac's PMMS survey focus on?

The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down payment and excellent credit.