The 30-Year Fixed-Rate Mortgage Shows Little Movement

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported that the 30-year fixed-rate mortgage (FRM) remained relatively stable at 6.74%, showing a minimal decrease from 6.75% last week. The 15-year FRM decreased to 5.87% from 5.92% the previous week.

According to Chief Economist Sam Khater, the housing market outlook appears positive, supported by strong economic performance, solid employment, and income growth. Compared to the previous year, the 30-year FRM is slightly lower, as it averaged 6.78% a year ago, while the 15-year FRM shows a more significant decrease from 6.07% in the previous year.

AI-generated analysis. Not financial advice.

Positive

• Slight decrease in 30-year FRM rates from 6.75% to 6.74% week-over-week
• 15-year FRM rates declined more significantly from 5.92% to 5.87%
• Both 30-year and 15-year FRM rates are lower compared to previous year
• Strong economic backdrop with solid employment and income growth

Negative

• Mortgage rates remain elevated above 6% for both 30-year and 15-year FRMs
• Minimal week-over-week change in 30-year FRM indicates persistent high rates

News Market Reaction – FMCC

-2.60%

1 alert

-2.60% News Effect

On the day this news was published, FMCC declined 2.60%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., July 24, 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 6.74%.

“This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%,” said Sam Khater, Freddie Mac’s Chief Economist. “Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.”

News Facts

• The 30-year FRM averaged 6.74% as of July 24, 2025, down slightly from last week when it averaged 6.75%. A year ago at this time, the 30-year FRM averaged 6.78%.
• The 15-year FRM averaged 5.87%, down from last week when it averaged 5.92%. A year ago at this time, the 15-year FRM averaged 6.07%.

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/fcb5d657-b743-4a75-ae50-92761127f33a

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 (FRM) averaged 6.74% as of July 24, 2025.

How has the 15-year fixed mortgage rate changed for Freddie Mac (FMCC)?

The 15-year fixed-rate mortgage decreased to 5.87% from 5.92% last week, showing a more significant decline compared to a year ago when it was 6.07%.

How do current Freddie Mac (FMCC) mortgage rates compare to last year?

Current rates are slightly lower than last year, with the 30-year FRM at 6.74% compared to 6.78% a year ago, and the 15-year FRM at 5.87% compared to 6.07% a year ago.

What is Freddie Mac's (FMCC) outlook on the housing market for 2025?

According to Chief Economist Sam Khater, the housing market outlook is positive, supported by strong economic performance, solid employment, and income growth.