Mortgage Rates Continue to Decline

Published July 4, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 3. The survey showed that the 30-year mortgage rate fell for the fifth consecutive week.

This week, the 30-year fixed mortgage rate averaged 6.67%, a decrease from last week’s average of 6.77%. Last year at this time, the 30-year fixed mortgage rate averaged 6.95%.

The 15-year fixed mortgage rate averaged 5.80% this week, down from last week’s average of 5.89%. During the same week last year, the 15-year fixed mortgage rate averaged 6.25%.

“The average 30-year fixed-rate mortgage decreased for the fifth consecutive week,” said chief economist at Freddie Mac, Sam Khater. “This is the largest weekly decline since early March. Declining mortgage rates are encouraging and, while overall affordability challenges remain, we are seeing more sellers enter the market giving prospective buyers an advantage.”

Based on published national averages, the savings rate was 0.38% as of 6/16. The one-year CD averaged 1.62%.

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.