Mortgage Rate Update–Down Some!

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

02/20/25

Trending

Average
Rate

One Week
Change

30-Year Fixed Rate

– 0.02%

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 Trend Down This Week

“Mortgage rates decreased slightly this week. The 30-year fixed-rate mortgage has stayed just under 7% for five consecutive weeks and in that time has fluctuated less than 20 basis points. This stability continues to bode well for potential buyers and sellers as the spring homebuying season approaches.”

– Sam Khater, Chief Economist, Freddie Mac