Core Insights - Freddie Mac's Primary Mortgage Market Survey indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.58% as of August 21, 2025, remaining unchanged from the previous week [1][5] - The 30-year FRM has increased from 6.46% a year ago, while the 15-year FRM averaged 5.69%, slightly down from 5.71% last week [5] - The survey highlights that purchase applications are outpacing those from 2024, although many homebuyers are still waiting for further rate decreases [1] Mortgage Rate Trends - The 30-year FRM has remained flat this week at 6.58% [1][5] - The 15-year FRM has decreased to 5.69% from 5.71% the previous week [5] - Year-over-year comparison shows the 30-year FRM increased from 6.46% and the 15-year FRM increased from 5.62% [5] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market across various economic cycles [3] - Since its inception in 1970, Freddie Mac has assisted millions of families in buying, renting, or maintaining their homes [3]
Mortgage Rates Level Off
Globenewswireยท2025-08-21 16:00