Investing.com -- Freddie Mac (OTC:FMCC), the home mortgage corporation (OTCQB:FMCC), released the results of its Primary Mortgage Market Survey® (PMMS®) today. The survey reveals that the 30-year fixed-rate mortgage (FRM) averaged at 6.81%.
Freddie Mac’s Chief Economist, Sam Khater, shared that the average mortgage rate has seen a minor decrease this week. He mentioned that over the past couple of months, the 30-year FRM has experienced less than a 20 basis points fluctuation. This level of stability is beneficial for both home buyers and sellers.
As of April 24, 2025, the 30-year FRM averaged at 6.81%, showing a slight decrease from the previous week when it averaged at 6.83%. This time last year, the same rate averaged at 7.17%.
The survey also showed a decrease in the 15-year FRM, which averaged at 5.94%. This is a drop from the previous week when it averaged at 6.03%. A year ago, the 15-year FRM was averaging at 6.44%.
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