Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week, with the average rate remaining essentially flat at 6.95%. Driven by these higher rates and a persistent supply shortage, affordability hurdles still exist for many homebuyers and a significant number of them remain on the sidelines."
• 30-year fixed-rate mortgage (FRM) averaged 6.95 percent for the week ending January 30, 2025 up from last month when it averaged 6.85 percent. A year ago, at this time, the 30-year FRM averaged 6.63 percent.
• 15-year FRM this week averaged 6.12 percent, up from last month when it averaged 6 percent. A year ago, at this time, the 15-year FRM averaged 5.94 percent.
