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Mortgage Rates Remain Under Seven Percent

April 17, 2025 / Source: Freddie Mac

MCLEAN, Va., April 17, 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 6.83%.

ā€œThe 30-year fixed-rate mortgage ticked up but remains below the 7% threshold for the thirteenth consecutive week,ā€ said Sam Khater, Freddie Macā€™s Chief Economist. ā€œAt this time last year, rates reached 7.1% while purchase application demand was 13% lower than it is today, a clear sign that this yearā€™s spring homebuying season is off to a stronger start.ā€

News Facts

  • TheĀ 30-year FRMĀ averaged 6.83% as of April 17, 2025, up from last week when it averaged 6.62%. A year ago at this time, the 30-year FRM averaged 7.1%.
  • TheĀ 15-year FRMĀ averaged 6.03%, up from last week when it averaged 5.82%. A year ago at this time, the 15-year FRM averaged 6.39%.

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.