Mortgage Rates Inch Down

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

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 6.72%.

“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 averaged 6.74%. A year ago at this time, the 30-year FRM averaged 6.73%.
• The 15-year FRM averaged 5.85%, down from last week when it averaged 5.87%. A year ago at this time, the 15-year FRM averaged 5.99%.

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/8c6977c9-a989-4b04-93a6-53d03f9f4555

FAQ

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

According to Freddie Mac's latest survey, the 30-year fixed-rate mortgage averaged 6.72% as of July 31, 2025, down from 6.74% the previous week.

How does the current FMCC mortgage rate compare to last year?

The current 30-year fixed-rate mortgage of 6.72% is nearly unchanged from a year ago when it averaged 6.73%.

What is Freddie Mac's outlook on the current housing market conditions?

Freddie Mac's Chief Economist notes that the market shows positive signs with continued economic growth, moderating house prices, and rising inventory, creating favorable conditions for both buyers and sellers.

What is the current 15-year fixed mortgage rate reported by Freddie Mac?

The 15-year fixed-rate mortgage averaged 5.85%, down from 5.87% last week and lower than the 5.99% rate from a year ago.

How long have mortgage rates remained stable according to FMCC?

According to Freddie Mac, mortgage rates have remained within the same narrow range for four consecutive weeks.