- Freddie Mac (OTCQB: FMCC) reports a decrease in mortgage rates for both 30-year and 15-year fixed-rate mortgages.
- The 30-year FRM is at 6.81%, lower than both last week's 6.83% and last year’s 7.17%.
- Market stability is observed as rate fluctuations remain minimal.
On April 24, 2025, Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey® results, highlighting a slight decrease in mortgage rates. The 30-year fixed-rate mortgage (FRM) averaged 6.81%, a small decrease from last week's 6.83% and a more significant drop from 7.17% a year ago. The 15-year FRM also saw a decline, averaging 5.94%, down from 6.03% last week and 6.44% a year earlier.
Sam Khater, Chief Economist at Freddie Mac, noted that the 30-year fixed-rate mortgage has maintained stability over the last few months, with changes of less than 20 basis points. This trend of minimal fluctuation is seen as advantageous for both buyers and sellers in the housing market, indicating increased market stability and confidence.
The PMMS® focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who make a 20% down payment. Freddie Mac continues to play a pivotal role in promoting liquidity, stability, and affordability in the housing market, supporting millions of families in buying, renting, or maintaining their homes since 1970.
