Mortgage Rates Increase

Q: What are the current Freddie Mac (FMCC) mortgage rates as of October 2, 2025?

The 30-year fixed-rate mortgage averaged 6.34%, while the 15-year fixed-rate mortgage averaged 5.55%.

Q: How do FMCC mortgage rates compare to last year's rates?

Current rates are higher than last year - the 30-year FRM is at 6.34% compared to 6.12% a year ago, and the 15-year FRM is at 5.55% versus 5.25% last year.

Q: What is the 52-week average for Freddie Mac's 30-year mortgage rate?

The 52-week average for the 30-year fixed-rate mortgage is 6.71%, which is higher than the current rate of 6.34%.

Q: How are current mortgage rates affecting homebuyer confidence?

According to Freddie Mac's Chief Economist, lower rates in recent months have led to increased pending home sales and greater homebuyer confidence in the market.

Q: 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.

Freddie Mac (OTCQB: FMCC) reported an increase in mortgage rates in its Primary Mortgage Market Survey®.

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Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported an increase in mortgage rates in its Primary Mortgage Market Survey®. The 30-year fixed-rate mortgage averaged 6.34%, up from 6.30% last week and higher than 6.12% a year ago. The 15-year fixed-rate mortgage rose to 5.55% from 5.49% last week, compared to 5.25% a year ago.

Despite the increase, rates remain below the 52-week average of 6.71%. According to Chief Economist Sam Khater, recent months have shown lower rates overall, leading to increased pending home sales and greater homebuyer confidence.

Positive

Mortgage rates remain below 52-week average of 6.71%
Recent increase in pending home sales indicates growing homebuyer confidence
Both 30-year and 15-year mortgage rates show moderate increases, suggesting market stability

Negative

30-year mortgage rates increased to 6.34% from 6.30% week-over-week
Current rates are higher than year-ago levels (6.34% vs 6.12% for 30-year FRM)
15-year FRM rates rose to 5.55%, up from 5.25% year-over-year

Argus Oct 2 session

+3.86% close to close Open Argus

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News Market Reaction – FMCC

On Oct 2, the day this news came out, FMCC closed 3.86% above the previous close.

Data tracked by StockTitan Argus for the Oct 2 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/02/2025 - 12:00 PM EDT

MCLEAN, Va., Oct. 02, 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 6.34%.

“The 30-year fixed-rate mortgage increased again this week but remains below its 52-week average of 6.71%,” said Sam Khater, Freddie Mac’s Chief Economist. “The last few months have brought lower rates and as indicated by the recently reported increase in pending home sales, homebuyers are feeling more confident to get into the market.”

News Facts

The 30-year FRM averaged 6.34% as of October 2, 2025, up from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.12%.
The 15-year FRM averaged 5.55%, up from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 5.25%.

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/1099e8b9-4055-4c55-a893-291c90f377e3

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the current Freddie Mac (FMCC) mortgage rates as of October 2, 2025?

The 30-year fixed-rate mortgage averaged 6.34%, while the 15-year fixed-rate mortgage averaged 5.55%.

How do FMCC mortgage rates compare to last year's rates?

Current rates are higher than last year - the 30-year FRM is at 6.34% compared to 6.12% a year ago, and the 15-year FRM is at 5.55% versus 5.25% last year.

What is the 52-week average for Freddie Mac's 30-year mortgage rate?

The 52-week average for the 30-year fixed-rate mortgage is 6.71%, which is higher than the current rate of 6.34%.

How are current mortgage rates affecting homebuyer confidence?

According to Freddie Mac's Chief Economist, lower rates in recent months have led to increased pending home sales and greater homebuyer confidence in the market.

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.

Keep reading

Mortgage Rates Increase