Mortgage Rates Inch Down
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® showing the 30-year fixed-rate mortgage (FRM) averaged 6.72%, a slight decrease from 6.74% last week.
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Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® showing the 30-year fixed-rate mortgage (FRM) averaged 6.72%, a slight decrease from 6.74% last week. The 15-year FRM decreased to 5.85% from 5.87% the previous week.
According to Chief Economist Sam Khater, mortgage rates have remained stable within the same narrow range for four consecutive weeks. The market shows positive signs with continued economic growth, moderating house prices, and rising inventory, creating favorable conditions for both buyers and sellers.
Positive
- Mortgage rates showed stability, remaining in narrow range for four weeks
- Housing market shows continued economic growth
- House prices are moderating
- Inventory levels are rising, improving market conditions
Negative
- 30-year mortgage rates remain elevated at 6.72%, near year-ago levels of 6.73%
- 15-year mortgage rates at 5.85%, still representing high borrowing costs
Details
News Market Reaction – FMCC
The recorded move for FMCC in the trading session of this news was -6.07%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., July 31, 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 showed little movement, remaining within the same narrow range for the fourth consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Continued economic growth, along with moderating house prices and rising inventory, bodes well for buyers and sellers alike.”
News Facts
- The 30-year FRM averaged
6.72% as of July 31, 2025, down slightly from last week when it averaged6.74% . A year ago at this time, the 30-year FRM averaged6.73% . - The 15-year FRM averaged
5.85% , down from last week when it averaged5.87% . A year ago at this time, the 15-year FRM averaged5.99% .
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:
Mollie Laniado
(571) 382-1784
Mollie_Laniado@FreddieMac.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c6977c9-a989-4b04-93a6-53d03f9f4555
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