Mortgage Rates Inch Down

Core Insights - Freddie Mac's Primary Mortgage Market Survey indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.72% as of July 31, 2025, showing a slight decrease from the previous week's average of 6.74% [1][5] - The 30-year FRM remains stable within a narrow range for the fourth consecutive week, reflecting continued economic growth, moderating house prices, and rising inventory, which are favorable for both buyers and sellers [1][5] Mortgage Rate Details - The 15-year FRM averaged 5.85%, down from 5.87% the previous week, and compared to 5.99% a year ago [5] - The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [2]