Mortgage Rates Creep Lower

Written by Freddie Mac Posted On Wednesday, 18 June 2025 09:01

Today, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.81%.

“Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low,” said Sam Khater, Freddie Mac’s Chief Economist. “More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines.”

News Facts

  • The 30-year FRM averaged 6.81% as of June 18, 2025, down from last week when it averaged 6.84%. A year ago at this time, the 30-year FRM averaged 6.87%.
  • The 15-year FRM averaged 5.96%, slightly down from last week when it averaged 5.97%. A year ago at this time, the 15-year FRM averaged 6.13%.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website

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