Mortgage Rates Tick Down

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) averaged 6.56%, declining from 6.58% last week but up from 6.35% a year ago. The 15-year FRM remained stable at 5.69%, compared to 5.51% a year ago.

According to Chief Economist Sam Khater, mortgage rates have reached a 10-month low, with increasing purchase demand driven by lower rates and robust economic growth. Despite ongoing affordability challenges, the declining rate environment may encourage more potential homebuyers to enter the market.

Positive

• Mortgage rates decreased to 10-month low
• Purchase demand is increasing
• Solid economic growth reported
• 30-year FRM decreased from previous week

Negative

• 30-year FRM rates still higher than previous year (6.56% vs 6.35%)
• 15-year FRM rates higher than previous year (5.69% vs 5.51%)
• Affordability challenges persist for potential homebuyers

News Market Reaction

+0.43%

1 alert

+0.43% News Effect

On the day this news was published, FMCC gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., Aug. 28, 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 6.56%.

“Mortgage rates are at a 10-month low,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase demand continues to rise on the back of lower rates and solid economic growth. Though many potential homebuyers still face affordability challenges, consistently lower rates may provide them with the impetus to enter the market.”

News Facts

• The 30-year FRM averaged 6.56% as of August 28, 2025, down from last week when it averaged 6.58%. A year ago at this time, the 30-year FRM averaged 6.35%.
• The 15-year FRM averaged 5.69%, unchanged from last week. A year ago at this time, the 15-year FRM averaged 5.51%.

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/74dc8653-078f-43a5-a63e-ca96b767b9ae

FAQ

What is Freddie Mac's current 30-year fixed mortgage rate as of August 28, 2025?

The 30-year fixed-rate mortgage (FRM) averaged 6.56%, down from 6.58% the previous week.

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

Current rates are higher than last year - the 30-year FRM is at 6.56% compared to 6.35% a year ago, while the 15-year FRM is at 5.69% compared to 5.51% a year ago.

What did Freddie Mac's Chief Economist say about current mortgage rates?

Chief Economist Sam Khater noted that mortgage rates are at a 10-month low, with increasing purchase demand driven by lower rates and solid economic growth.

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

The 15-year fixed-rate mortgage (FRM) averaged 5.69%, unchanged from the previous week.

How are mortgage rates affecting housing market demand according to FMCC?

According to Freddie Mac, purchase demand is increasing due to lower rates, although affordability challenges remain for many potential homebuyers.