Mortgage Rates Drop to Lowest Level in 2025

Core Insights - Freddie Mac reported that the average 30-year fixed-rate mortgage (FRM) is 6.15%, marking a decrease from 6.18% the previous week and down from 6.91% a year ago, indicating a positive trend for potential homebuyers [1][4] - The 15-year FRM averaged 5.44%, down from 5.50% last week and lower than 6.13% a year ago, reflecting a similar downward trend in mortgage rates [4] Industry Overview - The Primary Mortgage Market Survey® (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, having assisted millions of families in buying, renting, or maintaining their homes since 1970 [3]