MCLEAN, Va. - Freddie Mac (OTCQB: FMCC), a $16.85 billion market cap enterprise and prominent player in the Financial Services industry, announced today that the 30-year fixed-rate mortgage has remained unchanged at an average of 6.76%. This stability in mortgage rates comes despite fluctuations in the market over the past year. According to InvestingPro data, the company has demonstrated remarkable market performance, with its stock delivering a 291% return over the past year.
According to the latest Primary Mortgage Market Survey, the average rate for a 30-year fixed mortgage is the same as last week. In contrast, the rate was 7.09% one year ago. The 15-year fixed-rate mortgage has seen a slight decrease from 5.92% last week to 5.89% this week, which is also lower than the average rate of 6.38% from the same period last year. InvestingPro analysis indicates the company maintains strong financial health with a GOOD overall score, suggesting robust operational stability during this rate environment.
The survey by Freddie Mac focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with a 20% down payment and excellent credit. This consistent rate environment is reportedly contributing to a rise in purchase applications, as noted by Freddie Mac’s Chief Economist, Sam Khater.
Freddie Mac, a public government-sponsored enterprise, has been a cornerstone of the housing market since 1970, working to provide liquidity, stability, and affordability in housing. The organization’s longstanding mission has been to make home ownership accessible to families across the United States, regardless of the economic climate.
This week’s mortgage rates report is based on the findings from Freddie Mac’s Primary Mortgage Market Survey, which serves as a benchmark for housing and economic indicators. As rates hold steady, the housing market appears to be experiencing a period of stability, which could potentially influence buyer activity in the near term.
For more detailed information, Freddie Mac encourages interested parties to explore their resources and reports available on their website and through various social media channels. The data contained in this report is sourced from the latest Freddie Mac press release statement.
In other recent news, Freddie Mac reported its financial results for the first quarter of 2025, revealing a net income of $2.8 billion, which represents a 1% increase from the previous year. The company also saw its net interest income grow by 7% to $5.1 billion, while noninterest income experienced a decline of 25%, amounting to $750 million. Despite these mixed results, Freddie Mac continues to focus on supporting housing affordability, having assisted 313,000 families with home buying, renting, or refinancing. The company’s outlook indicates a focus on enhancing its loan acquisition capabilities and investing in technology to increase liquidity in the housing market. Revenue projections for the upcoming quarters suggest modest growth, with expectations of $5.199 billion for the second quarter of 2025 and $21.853 billion for the fiscal year 2026. Freddie Mac’s strategic focus under the guidance of FHFA Director Bill Pulte aims to streamline operations and reduce unnecessary expenses. The company faces potential challenges from regulatory changes and a decline in noninterest income, but it remains committed to its mission of creating a more affordable U.S. housing system.
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