Mortgage Rates Decrease

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey on Nov 26, 2025, showing the 30-year fixed-rate mortgage (FRM) averaged 6.23%, down from 6.26% last week and below last year’s 6.81%.

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey on Nov 26, 2025, showing the 30-year fixed-rate mortgage (FRM) averaged 6.23%, down from 6.26% last week and below last year’s 6.81%.

The 15-year FRM averaged 5.51%, down from 5.54% the prior week and compared with 6.10% a year ago. Freddie Mac said pending home sales are at their highest level since last November and described the PMMS as tracking conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.

Argus Nov 26 session

+0.77% close to close Open Argus

Details

News Market Reaction – FMCC

On Nov 26, the day this news came out, FMCC closed 0.77% above the previous close.

Data tracked by StockTitan Argus for the Nov 26 session.

Key Figures

30-year FRM rate: 6.23% 30-year FRM prior week: 6.26% 30-year FRM year-ago: 6.81% +4 more

30-year FRM rate

6.23%

Average as of Nov 26, 2025

30-year FRM prior week

6.26%

Average one week earlier

30-year FRM year-ago

6.81%

Average one year earlier

15-year FRM rate

5.51%

Average as of Nov 26, 2025

15-year FRM prior week

5.54%

Average one week earlier

15-year FRM year-ago

6.10%

Average one year earlier

Down payment

20%

PMMS assumes 20% down borrowers

Historical Context

5 past events · Latest: Dec 04

5 events

1. Dec 04

   PMMS rate update

   24h Move

   +0.6%

   PMMS showed 30- and 15-year FRM rates declining versus prior week and year.

2. Nov 26

   PMMS rate update

   24h Move

   +0.8%

   PMMS reported modest declines in 30- and 15-year FRM versus last week.

3. Nov 25

   Volume summary

   24h Move

   +0.8%

   Monthly Volume Summary detailed portfolios, issuance, delinquencies and debt activities.

4. Nov 24

   Multifamily cap update

   24h Move

   +5.8%

   Announced 2026 multifamily loan purchase cap of $88 billion with mission-driven focus.

5. Nov 20

   PMMS rate update

   24h Move

   -13.3%

   PMMS highlighted stable mortgage rates within a narrow ten-basis-point range.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

primary mortgage market survey, pmms, fixed-rate mortgage, conforming, +1 more

5 terms

primary mortgage market survey financial

"released the results of its Primary Mortgage Market Survey® (PMMS®)"

A primary mortgage market survey is a regular report that tracks the typical interest rates borrowers are charged on newly issued home loans. Think of it as a thermometer for consumer borrowing costs: when the survey shows rates rising or falling, it signals likely changes in home buying, refinancing activity and consumer spending, which can affect bank profits, housing-related investments and the wider bond and stock markets valuable to investors.

pmms financial

"Primary Mortgage Market Survey® (PMMS®), showing the 30-year"

Primary Mortgage Market Survey (PMMS) is a regularly published snapshot of prevailing mortgage interest rates, showing how much lenders are charging homebuyers. Investors watch it because mortgage rates influence consumer borrowing, housing demand and broader economic activity—like a thermostat that helps signal whether the housing market and consumer spending are likely to warm up or cool down. Changes in those trends can affect banks, homebuilders and consumer-facing stocks.

fixed-rate mortgage financial

"showing the 30-year fixed-rate mortgage (FRM) averaged 6.23%"

A fixed-rate mortgage is a home loan where the interest rate stays the same for the entire loan term, so monthly payments of principal and interest remain predictable. For investors, fixed-rate mortgages matter because they concentrate interest-rate risk and cash-flow certainty: when rates fall or rise, the value of those loans or securities backed by them changes, similar to how a locked subscription compares to a plan with changing fees.

conforming financial

"focused on conventional, conforming, fully amortizing home purchase loans"

Conforming means that a document, product, loan, disclosure, or business practice meets the specific rules or standards set by regulators, industry bodies, or financing programs. For investors it matters because conformity reduces legal and operational risk, enables access to larger pools of capital or secondary markets, and makes valuation and comparison more predictable—like using a standard-sized package that will reliably fit into common shipping systems.

fully amortizing financial

"conventional, conforming, fully amortizing home purchase loans"

A fully amortizing loan is one where each regular payment covers both interest and some principal so the outstanding balance is paid down to zero by the end of the loan term. For investors, that matters because cash flows are predictable and the lender or bondholder receives scheduled principal repayment rather than a large final payoff, which reduces credit risk and affects yield and portfolio cash‑management decisions—similar to following a set repayment schedule until a loan is fully paid off.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MCLEAN, Va., Nov. 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 6.23%.

“Heading into the Thanksgiving holiday, mortgage rates decreased,” said Sam Khater, Freddie Mac’s Chief Economist. “With pending home sales at the highest level since last November, homebuyer activity continues to show resilience as we near the end of the year.”

News Facts

• The 30-year FRM averaged 6.23% as of November 26, 2025, down from last week when it averaged 6.26%. A year ago at this time, the 30-year FRM averaged 6.81%.
• The 15-year FRM averaged 5.51%, down from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 6.10%.

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/90c8f39a-1b37-4e5f-81e0-91afc305cb41

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Freddie Mac (FMCC) report for the 30-year mortgage rate on Nov 26, 2025?

Freddie Mac reported the 30-year FRM averaged 6.23% on Nov 26, 2025.

How did the 30-year rate on Nov 26, 2025 compare to last week and last year for FMCC?

It was down from 6.26% last week and lower than 6.81% a year ago.

What was the 15-year fixed mortgage rate in Freddie Mac's Nov 26, 2025 PMMS?

The 15-year FRM averaged 5.51%, down from 5.54% the prior week.

What loans does Freddie Mac's PMMS focus on in the Nov 26, 2025 release?

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

Does Freddie Mac say mortgage activity is changing in Nov 2025 and why?

Freddie Mac noted pending home sales were at their highest level since last November, indicating continued homebuyer resilience into year-end.