Core Insights - The 30-year fixed-rate mortgage (FRM) averaged 6.35% as of September 11, 2025, marking a decrease of 15 basis points from the previous week, which had an average of 6.50% [1][4] - This decline represents the largest weekly drop in mortgage rates over the past year, indicating a positive trend for homebuyers [2] - Year-over-year growth in purchase applications has reached its highest rate in over four years, suggesting increased demand in the housing market [2] Mortgage Rate Details - The 30-year FRM is down from 6.50% last week and up from 6.20% a year ago [4] - The 15-year FRM averaged 5.50%, down from 5.60% the previous week and up from 5.27% a year ago [4] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market across various economic cycles, having assisted millions of families since 1970 [3]
Mortgage Rates Drop
Globenewswireยท2025-09-11 16:00