Core Insights - The average 30-year fixed-rate mortgage (FRM) decreased to 6.85% as of June 5, 2025, down from 6.89% the previous week and 6.99% a year ago, indicating a positive trend for potential homebuyers [1][5] - The 15-year FRM also saw a decline, averaging 5.99%, down from 6.03% last week and 6.29% a year ago, reflecting a broader easing in mortgage rates [5] Group 1: Mortgage Rate Trends - The 30-year FRM averaged 6.85% as of June 5, 2025, a decrease from the previous week [5] - The 15-year FRM averaged 5.99%, showing a similar downward trend [5] - Year-over-year comparisons indicate that both the 30-year and 15-year FRMs have decreased from 6.99% and 6.29%, respectively [5] Group 2: Market Context - The decrease in mortgage rates is seen as beneficial for potential homebuyers, coinciding with improvements in inventory and a slowdown in house price growth [1] - Freddie Mac's mission emphasizes promoting liquidity, stability, and affordability in the housing market across economic cycles [3]
Mortgage Rates Move Down
Globenewswireยท2025-06-05 16:00