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MCLEAN, Va. - The 30-year fixed-rate mortgage averaged 6.19% as of Thursday, marking its lowest level in more than a year, according to Freddie Mac’s Primary Mortgage Market Survey. The company, with a substantial market capitalization of $36.18 billion and annual revenue of $22.97 billion, maintains its position as a prominent player in the financial services sector.
The current rate represents a decrease from 6.27% last week and 6.54% a year ago. The 15-year fixed-rate mortgage also declined to 5.44% from 5.52% last week and 5.71% a year ago. According to InvestingPro analysis, Freddie Mac’s stock has shown remarkable performance, with a year-to-date return of over 213%.
"At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower," said Sam Khater, Freddie Mac’s Chief Economist, in a press release statement.
The continued downward trend in mortgage rates has sustained strong refinancing activity, which has accounted for more than half of all mortgage applications for six consecutive weeks, according to the company.
The 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 and has helped tens of millions of families buy, rent, or keep their homes since 1970.
In other recent news, Freddie Mac has reported a decline in mortgage rates, with the 30-year fixed-rate mortgage now averaging 6.19%, down from 6.27% the previous week. This decrease continues a downward trend and is notably lower than the 6.54% recorded during the same period last year. Additionally, Freddie Mac has sold $438 million in non-performing loans through an auction, involving 2,201 deeply delinquent loans. This transaction is part of Freddie Mac’s Standard Pool Offerings program and is expected to settle in December 2025. The loans are serviced by firms including Select Portfolio Servicing Inc., NewRez LLC, Selene Finance LP, and Nationstar Mortgage LLC. These developments come amid a broader trend of declining mortgage rates, with the 15-year fixed-rate mortgage also seeing a slight decrease to 5.52%.
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