30-Year Mortgage Rate Continues Decline

Published February 14, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, February 13. The survey indicated the 30-year fixed mortgage rate continuing to lower away from 7%.

This week, the 30-year fixed mortgage rate averaged 6.87%, down from last week’s average of 6.89%. Last year at this time, the 30-year fixed mortgage rate averaged 6.77%.

The 15-year fixed mortgage rate averaged 6.09% this week, up from last week’s average of 6.05%. During the same week last year, the 15-year fixed mortgage rate averaged 6.12%.

"The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025,” said Freddie Mac’s Chief Economist, Sam Khater. "Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year. This is an indication that a thaw in buyer activity could be on the horizon.”

Based on published national averages, the savings rate was 0.41% as of 1/21. The one-year CD averaged 1.82%.

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.