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Investing.com -- Freddie Mac (OTCQB:OTC:FMCC) reported Thursday that the 30-year fixed-rate mortgage (FRM) averaged 6.58%, remaining flat compared to the previous week.
"The 30-year fixed-rate mortgage remained flat this week," said Sam Khater, Freddie Mac’s Chief Economist. "Over the summer, rates have come down and purchase applications are outpacing 2024, though a number of homebuyers continue waiting on the sideline for rates to further decrease."
The 15-year FRM averaged 5.69%, showing a slight decrease from last week’s average of 5.71%.
Compared to a year ago, current mortgage rates are slightly higher. At this time last year, the 30-year FRM averaged 6.46%, while the 15-year FRM averaged 5.62%.
The data comes from Freddie Mac’s Primary Mortgage Market Survey, which tracks mortgage rate trends in the U.S. housing market.
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