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Mortgage Rates Drop

BY GlobeNewswire | AGENCY | 09/11/25 12:00 PM EDT

MCLEAN, Va., Sept. 11, 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 6.35%.

?The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year,? said Sam Khater, Freddie Mac?s Chief Economist. ?Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years.?

News Facts

  • The 30-year FRM averaged 6.35% as of September 11, 2025, down from last week when it averaged 6.50%. A year ago at this time, the 30-year FRM averaged 6.20%.
  • The 15-year FRM averaged 5.50%, down from last week when it averaged 5.60%. A year ago at this time, the 15-year FRM averaged 5.27%.

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/2bc828f3-3641-4f94-84e4-e3629121f396

Image: https://www.globenewswire.com/newsroom/ti?nf=OTUyNzU1NCM3MTQyNjI1IzIwODExNTY=
Image: https://ml.globenewswire.com/media/OGYyMmE0NGMtYTVmMy00YjgzLThlN2YtNGM5Y2U3YTViNGY5LTEwOTI3MjctMjAyNS0wOS0xMS1lbg==/tiny/Freddie-Mac.png

Image: Primary Logo

Primary Mortgage Market Survey?
Image: https://ml.globenewswire.com/media/2bc828f3-3641-4f94-84e4-e3629121f396/medium/primary-mortgage-market-survey.png

U.S. weekly average mortgage rates as of 09/11/2025
Source: Freddie Mac

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