Rates Remain Near 2025 Lows

Core Insights - The 30-year fixed-rate mortgage (FRM) averaged 6.22% as of November 6, 2025, indicating a slight increase from the previous week's average of 6.17% [1][4] - Compared to a year ago, the current average of 6.22% shows a decrease from 6.79%, suggesting an improvement in affordability for homebuyers [1][4] - The 15-year FRM averaged 5.50%, up from 5.41% the previous week, and down from 6.00% a year ago [4] Mortgage Market Overview - The PMMS® focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who put 20% down [2] - Freddie Mac's mission is to enhance liquidity, stability, and affordability in the housing market across all economic cycles [3]