Mortgage Rates Remain Essentially Flat

Rhea-AI Summary

Freddie Mac's latest Primary Mortgage Market Survey reveals mortgage rates remain stable, with the 30-year fixed-rate mortgage averaging 6.84%, down marginally from 6.85% last week and lower than the 6.95% recorded a year ago. The 15-year fixed-rate mortgage averaged 5.97%, showing a slight decrease from last week's 5.99% and down from 6.17% a year ago. Chief Economist Sam Khater notes that rates have maintained a narrow range for several months, highlighting that the combination of rate stability, improving inventory, and slower house price growth presents encouraging conditions during National Homeownership Month.

Positive

• Mortgage rates show stability, maintaining a narrow range over several months
• 30-year FRM rates (6.84%) are lower compared to last year's 6.95%
• 15-year FRM rates (5.97%) decreased from last year's 6.17%
• Market conditions show improving inventory and slower house price growth

Negative

• None.

MCLEAN, Va., June 12, 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 6.84%.

“Mortgage rates have moved within a narrow range for the past few months and this week is no different,” said Sam Khater, Freddie Mac’s Chief Economist. “Rate stability, improving inventory and slower house price growth are an encouraging combination as we celebrate National Homeownership Month.”

News Facts

• The 30-year FRM averaged 6.84% as of June 12, 2025, down slightly from last week when it averaged 6.85%. A year ago at this time, the 30-year FRM averaged 6.95%.
• The 15-year FRM averaged 5.97%, down from last week when it averaged 5.99%. A year ago at this time, the 15-year FRM averaged 6.17%.

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/3f9da487-eca1-45ae-a42e-ad3fcac9f219

 

FAQ

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

As of June 12, 2025, Freddie Mac's Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 6.84%, down slightly from 6.85% last week.

How do current FMCC mortgage rates compare to last year?

Current rates are lower than a year ago, with the 30-year FRM at 6.84% compared to 6.95% last year, and the 15-year FRM at 5.97% compared to 6.17% last year.

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

The 15-year fixed-rate mortgage averaged 5.97%, showing a slight decrease from 5.99% the previous week.

What are the current housing market conditions according to Freddie Mac?

According to Freddie Mac's Chief Economist, the market is showing encouraging conditions with rate stability, improving inventory, and slower house price growth.

What types of loans does Freddie Mac's PMMS survey focus on?

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