Mortgage rates tick higher to 6.65%: Freddie Mac

Mortgage rates remained near the lowest level in three months this week, Mortgage buyer Freddy Mac He said Thursday.

The latest survey in the Freddy Mac primary mortgage market, which was released on Thursday, showed that the average fixed mortgage price for 30 years reached 6.65 % of last week’s reading by 6.63 %. The average loan price for 30 years was 6.74 % a year ago.

“Despite the fluctuations in the market, the firm mortgage remained for 30 years mainly steadfastly from last week,” said Sam Khatter, the chief economist in Freddy Mac. “The mortgage rates are still relatively low for the past few months, and home buyers have responded.”

The average firm mortgage price for 30 years to 6.65 % of last week’s reading was 6.63 %. (Steve Pfost/Newsday RM via)

Khatter added: “Combining modestly low mortgage rates and improving inventory is a positive sign of home buyers in the critical spring season in the spring.”

Mortgage rates decrease again with the largest weekly decline since mid -September

Has the American housing market become a suitable market for the buyer?

The average fixed mortgage rate increased for 15 years to 5.8 % from 5.79 % last week. One year ago, the average fixed observation rate for 15 years reached 6.16 %.

Joel Burner, chief economist at RealTor.com, told Fox Business that the 2025 housing market is formed to be more suitable for the buyer.

The average firm mortgage rate for 15 years went to 5.8 % of 5.79 % last week. (Joe Lamberti / Bloomberg Via / Getty Images)

He said now is the time for buyers to enter the market after years of wrong transactions, especially in 2024, which formed to be the slowest general year for current homes since 1996, according to the company’s data.

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He believes that the housing market moves from the seller’s market to a more balanced market, with increased stockpiles, greater price cuts, longer in the market and low listing prices compared to last year, with everything that contributes to the current friendly conditions of the buyer.

Fox Business’ Daniella Genovese contributed to this report.