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Mortgage Rates Decrease Slightly, Remain Just Under 7%

“This stability continues to bode well for potential buyers and sellers as we approach the spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist.

Home Economy

By RISMedia Staff

February 20, 2025

Reading Time: 2 mins read

Percentage and house sign symbol icon wooden on wood table. Concepts of home interest, real estate, investing in inflation.

Mortgage rates continued their downward trend, as the average 30-year mortgage rate decreased from 6.87% last week to 6.85% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.

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Mortgage Rates Decrease Slightly, Remain Just Under 7%

“This stability continues to bode well for potential buyers and sellers as we approach the spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist.

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RISMedia Staff

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