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The 30-Year Fixed-Rate Mortgage Continues to Decrease

BY GlobeNewswire | AGENCY | 02/13/25 12:00 PM EST

MCLEAN, Va., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Freddie Mac today released the results of its Primary Mortgage Market Survey? (PMMS?), showing the 30-year fixed-rate mortgage (FRM) averaged 6.87%.

?The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,? said Sam Khater, Freddie Mac?s Chief Economist. ?Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year. This is an indication that a thaw in buyer activity could be on the horizon.?

News Facts

  • The 30-year FRM averaged 6.87% as of February 13, 2025, down from last week when it averaged 6.89%. A year ago at this time, the 30-year FRM averaged 6.77%.
  • The 15-year FRM averaged 6.09%, up from last week when it averaged 6.05%. A year ago at this time, the 15-year FRM averaged 6.12%.

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/b2c8d98e-c8a1-4b19-88ee-18d50cbe6ebc

Image: https://www.globenewswire.com/newsroom/ti?nf=OTM1ODEzNiM2NzUwMjkwIzIwODExNTY=
Image: https://ml.globenewswire.com/media/YzFhMjExOTAtYjE3Ni00MmVlLTk1MTktYzY4NDc0ZmJmNGFkLTEwOTI3Mjc=/tiny/Freddie-Mac.png

Image: Primary Logo

Primary Mortgage Market Survey?
Image: https://ml.globenewswire.com/media/b2c8d98e-c8a1-4b19-88ee-18d50cbe6ebc/medium/primary-mortgage-market-survey.png

U.S. weekly average mortgage rates as of 02/13/2025
Source: Freddie Mac

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