Core Insights - Freddie Mac's Primary Mortgage Market Survey (PMMS) indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.84% as of June 12, 2025, showing a slight decrease from the previous week's average of 6.85% and a year-over-year decline from 6.95% [1][4] - The 15-year FRM averaged 5.97%, down from 5.99% the previous week and lower than the 6.17% average a year ago [4] - The stability in mortgage rates, along with improving inventory and slower house price growth, is viewed positively, especially during National Homeownership Month [1] Mortgage Rate Trends - The 30-year FRM has shown a slight decrease of 0.01 percentage points from the previous week [4] - The 15-year FRM also decreased by 0.02 percentage points from the prior week [4] - Year-over-year comparisons show a decline in both the 30-year and 15-year FRM, indicating a trend towards lower mortgage rates [4] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market across various economic cycles [3] - Since its inception in 1970, Freddie Mac has assisted tens of millions of families in buying, renting, or maintaining their homes [3]