30-Year Mortgage Rates Fall Again
Rewinding further, the 30-year average notched a high 7.37% last spring, so today's rates are significantly improved vs. 10 months ago. They're also almost 1.2 percentage points cheaper than the historic 23-year peak of 8.01% reached in October 2023.
Rising Inflation Shoves Mortgage Rates Higher
"This week’s higher-than-expected inflation rate suggests that Fed rate cuts will be delayed, potentially until the summer," said Lisa Sturtevant, chief economist for Bright MLS, a database of properties for sale in the mid-Atlantic region, in an email. She expects rates to remain in the high 6s as we head into the homebuying season.
Current 15-Year Mortgage Rates
According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is currently around 6.00%. That’s nearly a full percentage point lower than the average 30-year fixed mortgage rate, which is sitting in the upper 6.00% range.
Mortgage Rates Jump Across Almost Every Loan Type
Wednesday, pushing the average to a two-week high. Rates moved higher for almost every other loan type as well.
Mortgage rates reach 2025 low despite inflation surge
While Freddie Mac's weekly survey showed 30-year rates falling, other indicators paint a mixed picture for mortgage lenders and borrowers.
30-year mortgage rate hits 2025 low at 6.87%
MCLEAN, Va. - Freddie Mac (OTC:FMCC), a prominent financial services player with a market capitalization of $20.62 billion and strong revenue growth of 12.28% over the last twelve months, reported on Monday that the 30-year fixed-rate mortgage (FRM) has dropped to 6.
30-year mortgage rates creep lower again, to 6.87%
The bond yields that underpin mortgage rates have whipped around amid tariff threats and new inflation data. The average rate on a 30-year loan dipped this week but remains near 7%.
Mortgage rates hit their lowest level in 2025 — and this is the No. 1 mortgage company of February 2025
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