Core Insights - Freddie Mac reported that the average 30-year fixed-rate mortgage (FRM) is at 6.81%, marking a four-week low, which may encourage potential homebuyers to enter the market [1][5]. Mortgage Rate Trends - The 30-year FRM decreased from 6.84% last week and was 6.87% a year ago [5]. - The 15-year FRM averaged 5.96%, down from 5.97% last week and 6.13% a year ago [5]. Market Context - The Primary Mortgage Market Survey (PMMS) focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [2]. - Increased inventory and declining mortgage rates are seen as potential catalysts for homebuyer activity [1]. Company Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market, having assisted millions of families since its inception in 1970 [3].
Mortgage Rates Creep Lower
Globenewswireยท2025-06-18 16:00