Core Insights - Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged 6.50% as of September 4, 2025, a decrease from 6.56% the previous week and an increase from 6.35% a year ago [1][6] - The 15-year FRM averaged 5.60%, down from 5.69% last week and up from 5.47% a year ago [6] - The share of mortgage applications for refinancing reached nearly 47%, the highest level since October, indicating a growing opportunity for homeowners to refinance [2] Mortgage Rate Trends - The downward trend in mortgage rates is fostering optimism among new buyers and current homeowners [2] - The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [2][4] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market across all economic cycles, having assisted millions of families since its inception in 1970 [3]
Mortgage Rates Tumble
Globenewswireยท2025-09-04 16:00