Mortgage Rates Creep Lower

Rhea-AI Summary

Freddie Mac's latest Primary Mortgage Market Survey reveals a decline in mortgage rates, with the 30-year fixed-rate mortgage averaging 6.81%, down from 6.84% last week and 6.87% a year ago. The 15-year fixed-rate mortgage averaged 5.96%, slightly lower than last week's 5.97% and down from 6.13% a year ago. Chief Economist Sam Khater notes this four-week low in rates, combined with increased housing inventory, could encourage potential homebuyers to enter the market. The survey focuses on conventional, conforming home purchase loans for borrowers with 20% down payments and excellent credit.

Positive

• Mortgage rates decreased to a four-week low at 6.81%
• 15-year FRM rates decreased year-over-year from 6.13% to 5.96%
• Increased housing inventory availability for homebuyers

Negative

• Mortgage rates remain relatively high compared to historical averages
• Only slight weekly decrease in rates (0.03% for 30-year FRM, 0.01% for 15-year FRM)

MCLEAN, Va., June 18, 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 6.81%.

“Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low,” said Sam Khater, Freddie Mac’s Chief Economist. “More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines.”

News Facts

• The 30-year FRM averaged 6.81% as of June 18, 2025, down from last week when it averaged 6.84%. A year ago at this time, the 30-year FRM averaged 6.87%.
• The 15-year FRM averaged 5.96%, slightly down from last week when it averaged 5.97%. A year ago at this time, the 15-year FRM averaged 6.13%.

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:
Mollie Laniado
(571)382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec5cc9a0-b888-4c87-959c-caa47c4a6e64

FAQ

What is the current 30-year fixed mortgage rate for Freddie Mac (FMCC)?

As of June 18, 2025, Freddie Mac's Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaging 6.81%, down from 6.84% the previous week.

How much has the 15-year fixed mortgage rate changed for Freddie Mac (FMCC)?

The 15-year fixed-rate mortgage averaged 5.96%, slightly down from 5.97% last week and lower than the 6.13% rate from a year ago.

What is Freddie Mac's PMMS survey criteria?

The PMMS focuses on conventional, conforming home purchase loans for borrowers who make a 20% down payment and have excellent credit.

What does Freddie Mac's Chief Economist say about current mortgage rates?

Sam Khater states that increased inventory and lower mortgage rates could encourage potential homebuyers to enter the market.

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

The current 30-year FRM rate of 6.81% is slightly lower than the year-ago rate of 6.87%, while the 15-year FRM rate of 5.96% is notably lower than the year-ago rate of 6.13%.