Mortgage rate update as of 01/30/25

Weekly Mortgage Market Report
for the week ending on January 30, 2025

Supporting Image

Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®

01/30/25

Trending

Average
Rate

One Week
Change

30-Year Fixed Rate

▼ down

6.95%

– 0.01%

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2. The PMMS does not provide any APR data and therefore APRs are not included herein. ARM=Adjustable Rate Mortgage.

Mortgage Rates Show Little Movement, Dipping Slightly

“The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week. Driven by these higher rates and a persistent supply shortage, affordability hurdles still exist for many homebuyers and a significant number of them remain on the sidelines.”

– Sam Khater, Chief Economist, Freddie Mac