Fast Company Innovation Festival Ticket Giveaway—Enter now! LOGIN SUBSCRIBE | FastCo Works advertisement BYÂ Associated Press Listen to this ArticleMore info 0:00 / 0:00 The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week.The long- term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6. ...

Mortgage rates are continuing to trend down. According to Freddie Mac, the national average 30-year rate is now 6.35%, down 15 basis points in one week. The 15-year fixed mortgage rate is down 10 basis points to 5.50%. Once again, these are new lows for 2025. With rates on a downward trend, purchase applications saw the highest year-over-year growth rate in four years, according to Freddie Mac. Learn more: Interested in mortgage lenders with rate buydown programs? Read our Embrace Home Loans review and ...

The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate slipped to 5.5% from 5.6% last week. A year ago, it was 5.27%, Freddie Mac said. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation. Rates have been mostly declining since late July a ...

Commerce Secretary Howard Lutnick on Thursday opened the door to allowing investors to buy shares in government-owned housing giants by the end of the year. "Do I think it's going to be soon? I do," Lutnick said on CNBC, adding it "could well" be in 2025. He stressed that the goal was to ensure home prices remain affordable for families. "I think a deal is going to be struck. We're going to take the company public," he said. "It could be the largest IPO in history. But only a small percentage of these co ...

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Mortgage rates tumbled this week, posting the largest weekly drop in the past year, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.35% from last week's reading of 6.5%. The average rate on a 30-year loan was 6.2% a year ago. "Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year grow ...

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.2%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate slipped to 5.5% from 5.6% last w ...

U.S. Commerce Secretary Howard Lutnick said Thursday that government-sponsored enterprises Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) could possibly go public as soon as this year. The two mortgage giants saw their shares climbing in midday trading, with Fannie ( ...

MCLEAN, Va., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.35%. “The 30-year fixed-rate mortgage fell 15 basis points from last week, the largest weekly drop in the past year,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year g ...

Federal National Mortgage Association and Federal Home Loan Mortgage Corp. received their first buy recommendation from Wall Street on Thursday, as Deutsche Bank said the stocks’ dizzying rally can go further on expectations the mortgage giants will possibly be released from government control in the near future. Fannie Mae shares have jumped more than 320% year-to-date and Freddie Mac shares have surged 288% for the same period. While both were delisted from the New York Stock Exchange in 2010, their sh ...