Mortgage Rates Relatively Unchanged

Published March 14, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, March 13. The survey revealed that mortgage rates remained comparatively steady from the previous week.

This week, the 30-year fixed mortgage rate averaged 6.65%, up from last week’s average of 6.63%. Last year at this time, the 30-year fixed mortgage rate averaged 6.74%.

The 15-year fixed mortgage rate averaged 5.80% this week, up slightly from last week’s average of 5.79%. During the same week last year, the 15-year fixed mortgage rate averaged 6.16%.

“Despite volatility in the markets, the 30-year fixed-rate mortgage remained essentially flat from last week,” said Freddie Mac’s Chief Economist, Sam Khater. “Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded. Purchase applications are up 5% as compared to a year ago. The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical spring homebuying season.”

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