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30-Year Mortgage Decline Again

Published February 28, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, February 27. The survey showed another consecutive drop in the 30-year fixed mortgage rates.

This week, the 30-year fixed mortgage rate averaged 6.76%, down from last week’s average of 6.85%. Last year at this time, the 30-year fixed mortgage rate averaged 6.94%.

The 15-year fixed mortgage rate averaged 5.94% this week, down from last week’s average of 6.04%. During the same week last year, the 15-year fixed mortgage rate averaged 6.26%.

"This week, mortgage rates decreased to their lowest level in over two months,” said Freddie Mac’s Chief Economist, Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home.”

Based on published national averages, the savings rate was 0.41% as of 2/18. The one-year CD averaged 1.80%.

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.