Mortgage Rates Inch Up

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported an increase in mortgage rates, with the 30-year fixed-rate mortgage (FRM) rising to 6.30% from 6.26% last week. The 15-year FRM increased to 5.49% from 5.41% last week.

According to Chief Economist Sam Khater, housing market activity remains robust, with purchase applications up 18% and refinance applications up 42% year-over-year. The 30-year and 15-year FRM rates are higher compared to last year's rates of 6.08% and 5.16%, respectively.

Positive

• Purchase applications increased by 18% year-over-year
• Refinance applications surged 42% compared to last year
• Housing market activity remains robust despite rate increases

Negative

• 30-year FRM increased to 6.30% from 6.26% last week
• 15-year FRM rose to 5.49% from 5.41% last week
• Both mortgage rates are higher than year-ago levels

MCLEAN, Va., Sept. 25, 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 6.30%.

“Following several weeks of decline, mortgage rates inched up this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Housing market activity continues to hold up with purchase and refinance applications increasing by 18% and 42%, respectively, compared to the same time last year.”

News Facts

• The 30-year FRM averaged 6.30% as of September 25, 2025, up from last week when it averaged 6.26%. A year ago at this time, the 30-year FRM averaged 6.08%.
• The 15-year FRM averaged 5.49%, up from last week when it averaged 5.41%. A year ago at this time, the 15-year FRM averaged 5.16%.

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/a0e112e2-9d9f-4f47-9e8f-aa52fabb8a99

FAQ

What are Freddie Mac's current mortgage rates as of September 25, 2025?

The 30-year fixed-rate mortgage averaged 6.30%, while the 15-year fixed-rate mortgage averaged 5.49%.

How have FMCC mortgage rates changed compared to last week?

Rates increased slightly, with the 30-year FRM rising from 6.26% to 6.30% and the 15-year FRM increasing from 5.41% to 5.49%.

What is the year-over-year comparison for Freddie Mac's mortgage rates?

Compared to a year ago, rates are higher. The 30-year FRM increased from 6.08% to 6.30%, and the 15-year FRM rose from 5.16% to 5.49%.

How has mortgage application activity changed according to Freddie Mac?

Housing market activity shows strong growth, with purchase applications up 18% and refinance applications up 42% compared to the same time last year.