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Mortgage Rates Decrease

April 24, 2025 / Source: Freddie Mac

MCLEAN, Va., April 24, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market SurveyĀ® (PMMSĀ®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%.

ā€œThe average mortgage rate decreased slightly this week,ā€ said Sam Khater, Freddie Macā€™s Chief Economist. ā€œOver the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability continues to bode well for buyers and sellers alike.ā€

News Facts

  • TheĀ 30-year FRMĀ averaged 6.81% as of April 24, 2025, down from last week when it averaged 6.83%. A year ago at this time, the 30-year FRM averaged 7.17%.
  • TheĀ 15-year FRMĀ averaged 5.94%, down from last week when it averaged 6.03%. A year ago at this time, the 15-year FRM averaged 6.44%.

The PMMSĀ® 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 Macā€™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