Mortgage Rates Decline

Published June 6, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, June 5. According to the survey, the mortgage rates for 30-year and 15-year loans fell for the first time in over a month.

This week, the 30-year fixed mortgage rate averaged 6.85%, a decrease from last week’s average of 6.89%. Last year at this time, the 30-year fixed mortgage rate averaged 6.99%.

The 15-year fixed mortgage rate averaged 5.99% this week, down from last week’s average of 6.03%. During the same week last year, the 15-year fixed mortgage rate averaged 6.29%.

"The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow,” said chief economist at Freddie Mac, Sam Khater.

Based on published national averages, the savings rate was 0.42% as of 5/19. The one-year CD averaged 1.75%.

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