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MCLEAN, Va. - The 30-year fixed-rate mortgage averaged 6.24% as of Thursday, showing a slight increase from 6.22% last week, according to Freddie Mac's Primary Mortgage Market Survey.
The 15-year fixed-rate mortgage averaged 5.49%, decreasing marginally from 5.50% the previous week.
Current mortgage rates remain lower compared to the same period last year, when the 30-year and 15-year fixed-rate mortgages averaged 6.78% and 5.99%, respectively.
"Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging," said Sam Khater, Freddie Mac's Chief Economist.
The Primary Mortgage Market Survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down payments and excellent credit.
Freddie Mac, which trades under the ticker OTCQB:FMCC, promotes liquidity, stability, and affordability in the housing market. As a prominent player in the Financial Services industry, FMCC has seen its stock price rise 191% over the past year, though it recently declined 13.4% in the past week. InvestingPro analysis indicates the stock is currently trading above its Fair Value with high price volatility. Investors can access a comprehensive Pro Research Report on FMCC and 1,400+ other US equities through InvestingPro.
In other recent news, Freddie Mac reported its financial results for the third quarter of 2025, showing a net income of $2.8 billion. This represents an 11% decline compared to the same period last year. However, the company experienced a 9% increase in net interest income, reaching $5.5 billion. Additionally, mortgage rates continued their downward trend for the fourth consecutive week, with the 30-year fixed-rate mortgage averaging 6.17%, according to Freddie Mac's Primary Mortgage Market Survey. This is a slight decrease from the previous week's average of 6.19% and a notable drop from the 6.72% recorded during the same period last year. These developments come amid cautious investor sentiment reflected in the stock's slight pre-market increase.
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