Mortgage Rates Edge Lower

Published July 25, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 24. The survey showed mortgage rates falling slightly from the previous week.

This week, the 30-year fixed mortgage rate averaged 6.74%, down from last week’s average of 6.75%. Last year at this time, the 30-year fixed mortgage rate averaged 6.78%.

The 15-year fixed mortgage rate averaged 5.87% this week, down from last week’s average of 5.92%. During the same week last year, the 15-year fixed mortgage rate averaged 6.07%.

“This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%,” said chief economist at Freddie Mac, Sam Khater. “Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.”

Based on published national averages, the savings rate was 0.38% as of 7/21. The one-year CD averaged 1.63%.

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.