30-Year Mortgage Rate Continues to Decrease

Published April 11, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, April 10. The survey showed that the 30-year mortgage rate maintained its downward trajectory and remained below 7%.

This week, the 30-year fixed mortgage rate averaged 6.62%, down from last week’s average of 6.64%. Last year at this time, the 30-year fixed mortgage rate averaged 6.88%.

The 15-year fixed mortgage rate averaged 5.82% this week, unchanged from last week’s average. During the same week last year, the 15-year fixed mortgage rate averaged 6.16%.

“The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week,” said Freddie Mac’s Chief Economist, Sam Khater. “As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year.”

Based on published national averages, the savings rate was 0.41% as of 3/17. The one-year CD averaged 1.78%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.