Core Insights - Freddie Mac reported a decrease in mortgage rates, with the 30-year fixed-rate mortgage (FRM) averaging 6.26% as of September 18, 2025, down from 6.35% the previous week [1][4] - The share of mortgage applications for refinancing reached nearly 60%, the highest level since January 2022, indicating a strong response from homeowners to the declining rates [1] Mortgage Rate Trends - The 30-year FRM averaged 6.26% on September 18, 2025, compared to 6.09% a year ago, showing a year-over-year increase [4] - The 15-year FRM averaged 5.41%, down from 5.50% the previous week and up from 5.15% a year ago [4] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market, supporting families in buying, renting, or maintaining their homes since 1970 [3]
Mortgage Rates Continue to Move Down
Globenewswireยท2025-09-18 16:00