Core Insights - Freddie Mac's Primary Mortgage Market Survey indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.75% as of July 17, 2025, showing a slight increase from 6.72% the previous week and a decrease from 6.77% a year ago [1][4] - The Chief Economist of Freddie Mac, Sam Khater, noted that while affordability challenges remain, the stability of rates combined with a moderate increase in inventory may encourage potential buyers to take action [1] Mortgage Rate Details - The 30-year FRM increased by 0.03 percentage points from the previous week [4] - The 15-year FRM averaged 5.92%, up from 5.86% the previous week and down from 6.05% a year ago [4] - The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [2]
Mortgage Rates Continue to Move Up
Globenewswireยท2025-07-17 16:00