Mortgage Rates Move Down

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for Oct. 9, 2025, reporting the 30-year fixed-rate mortgage (FRM) averaged 6.30%.

The 30-year FRM fell from 6.34% the prior week and was near last year’s 6.32%. The 15-year FRM averaged 5.53%, down from 5.55% last week and compared with 5.41% a year ago. Freddie Mac said rates have settled at their lowest level in about a year and that lower rates are supporting increased purchase activity.

MCLEAN, Va., Oct. 09, 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%.

“Mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and gradually are willing to move forward with buying a home, which is boosting purchase activity.”

News Facts

• The 30-year FRM averaged 6.30% as of October 9, 2025, down from last week when it averaged 6.34%. A year ago at this time, the 30-year FRM averaged 6.32%.
• The 15-year FRM averaged 5.53%, down from last week when it averaged 5.55%. A year ago at this time, the 15-year FRM averaged 5.41%.

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/742508bb-5d88-4779-a321-7f9cb9595dda

FAQ

What mortgage rates did Freddie Mac report on Oct. 9, 2025 for FMCC?

The 30-year FRM averaged 6.30% and the 15-year FRM averaged 5.53% as of Oct. 9, 2025.

How did the 30-year rate reported by FMCC on Oct. 9, 2025 compare to last week?

The 30-year FRM declined from 6.34% last week to 6.30% on Oct. 9, 2025.

Is the Oct. 9, 2025 30-year FMCC rate lower than a year ago?

The Oct. 9, 2025 30-year FRM of 6.30% is roughly in line with a year ago, when it was 6.32%.

What did Freddie Mac say about homebuyer activity with the Oct. 9, 2025 PMMS release?

Freddie Mac said lower rates have prompted more homebuyers to move forward, which is boosting purchase activity.

What borrower profile does the PMMS from FMCC focus on?

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

Where can investors find the Oct. 9, 2025 Freddie Mac mortgage rate release for FMCC?

The release and accompanying materials are available on Freddie Mac’s website and its investor/media channels referenced in the announcement.