US 30-Year Mortgage Rates Drop Slightly

2025-12-18 17:11 By Agna Gabriel 1 min. read

The average rate on a 30-year fixed mortgage decreased to 6.21% as of December 18, 2025, down slightly from 6.22% in the previous week, according to a survey of lenders by mortgage giant Freddie Mac.

A year ago, the 30-year fixed rate was 6.72%.“The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months,” said Sam Khater, Freddie Mac’s Chief Economist.

“With rates down half a percent over last year, purchase applications are 10% above the same time one year ago.” Meanwhile, the 15-year fixed-rate mortgage averaged 5.47%, below 5.54% last week.



News Stream
US Mortgage Rate Rebounds
The average rate on a 30-year fixed mortgage rose by 7bps from the previous week to 6.30% as of April 30th, the first weekly increase in one month, according to data compiled by Freddie Mac. The increase tracked a rebound in long-dated Treasury yields as a surge in energy prices placed inflationary risks on the upside, potentially warranting a hawkish Federal Reserve. “As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago. It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years." said Sam Khater, Freddie Mac’s Chief Economist.
2026-04-30
US Mortgage Rates Ease Further
The average rate on a 30-year fixed mortgage fell by 7bps from the previous week to 6.23% as of April 23rd, a third consecutive decrease since reaching the seven-month high of 6.46%, according to data compiled by the Freddie Mac. The drop loosely tracked the pullback in long-dated Treasury yields as energy prices eased from their peaks in the last week of March. “The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”
2026-04-23
US 30-Year Mortgage Rates Drop For 2nd Week
US Mortgage rates fell for the second straight week, averaging 6.30% as of April 16, down from 6.37% last week, easing borrowing costs during the peak homebuying season. Rates hit a one-month low amid easing geopolitical fears and a record S&P 500, as strong bank and tech earnings overshadowed Middle East tensions. Refinance activity rose, per the Mortgage Bankers Association, while purchase applications stayed subdued, remaining below year-ago levels for the second week, as buyers remained cautious amid economic uncertainty.
2026-04-16