Mortgage Rates Drop
Freddie Mac (OTCQB: FMCC) reported a significant drop in mortgage rates, with the 30-year fixed-rate mortgage (FRM) falling to 6.35%, marking the largest weekly decline in the past year with a 15 basis point decrease from 6.50%.
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Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) reported a significant drop in mortgage rates, with the 30-year fixed-rate mortgage (FRM) falling to 6.35%, marking the largest weekly decline in the past year with a 15 basis point decrease from 6.50%.
The 15-year FRM decreased to 5.50% from last week's 5.60%. Chief Economist Sam Khater noted increased homebuyer activity, with purchase applications reaching their highest year-over-year growth rate in over four years. For comparison, the 30-year and 15-year FRM rates were 6.20% and 5.27% respectively a year ago.
Positive
- Largest weekly drop in 30-year mortgage rates in the past year (15 basis points)
- Purchase applications reached highest year-over-year growth rate in over 4 years
- 30-year FRM decreased from 6.50% to 6.35%
- 15-year FRM decreased from 5.60% to 5.50%
Negative
- Current 30-year FRM rate (6.35%) remains higher than year-ago rate (6.20%)
- Current 15-year FRM rate (5.50%) remains higher than year-ago rate (5.27%)
Details
News Market Reaction – FMCC
On Sep 11, the day this news came out, FMCC closed 11.79% above the previous close.
Data tracked by StockTitan Argus for the Sep 11 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Sept. 11, 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
“The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years.”
News Facts
- The 30-year FRM averaged
6.35% as of September 11, 2025, down from last week when it averaged6.50% . A year ago at this time, the 30-year FRM averaged6.20% . - The 15-year FRM averaged
5.50% , down from last week when it averaged5.60% . A year ago at this time, the 15-year FRM averaged5.27% .
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put
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/2bc828f3-3641-4f94-84e4-e3629121f396
FAQ
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