[ad_1]
The 30-year fixed-rate mortgage is now at a six-month low
of ConsumerAffairsApril 11, 2025
Key takeaways
-
Gradual decline in rates: The average 30-year fixed-rate mortgage (FRM) continues to slowly decrease, now at 6.62%, down slightly from 6.64% the previous week, and below 6.88% a year ago.
-
Stable 15-Year mortgage rate: The 15-year FRM remains unchanged at 5.82%, which is lower than the 6.16% recorded a year earlier.
-
Positive outlook for homebuying season: Freddie Macs chief economist notes that with rates staying under 7% for 12 consecutive weeks and purchase applications rising, the spring homebuying season looks more favorable than the previous year.
Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) continues to decline, albeit at a snails pace. This week, the popular mortgage rate averaged 6.62%, compared to 6.64% the previous week.
The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week, Sam Khater, Freddie Macs chief economist, said in a press release. As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year.
Current rates
-
The 30-year FRM averaged 6.62% as of April 10, 2025, down from last week when it averaged 6.64%. A year ago at this time, the 30-year FRM averaged 6.88%.
-
The 15-year FRM averaged 5.82%, unchanged from last week. A year ago at this time, the 15-year FRM averaged 6.16%.
The PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Sign up below for The Daily Consumer, our newsletter on the latest consumer news, including recalls, scams, lawsuits and more.
.newsletter-form {
display: flex;
max-width: 400px;
margin: 20px auto;
background: #f8f9fa;
padding: 10px;
border-radius: 8px;
box-shadow: 0 4px 6px rgba(0, 0, 0, 0.1);
}
.newsletter-input {
flex: 1;
padding: 10px;
border: 1px solid #ccc;
border-radius: 5px 0 0 5px;
font-size: 16px;
outline: none;
}
.newsletter-input:focus {
border-color: #007bff;
}
.newsletter-button {
background: #2976D1;
color: white;
border: none;
padding: 10px 15px;
font-size: 16px;
border-radius: 0 5px 5px 0;
cursor: pointer;
transition: background 0.3s ease;
}
.newsletter-button:hover {
background: #0056b3;
}
[ad_2]
#Mortgage #rates #continue #fall