30-Year Mortgage Rate Unchanged

Published May 9, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 8. While 30-year mortgage rate held steady, 15-year rate edged slightly lower.

This week, the 30-year fixed mortgage rate averaged 6.76%, unchanged from last week’s average. Last year at this time, the 30-year fixed mortgage rate averaged 7.09%.

The 15-year fixed mortgage rate averaged 5.89% this week, down from last week’s average of 5.92%. During the same week last year, the 15-year fixed mortgage rate averaged 6.38%.

“Mortgage rates stayed flat this week,” said chief economist at Freddie Mac, Sam Khater. “At this time last year, the 30-year fixed-rate mortgage was 30 basis points higher and purchase applications were declining. Today, rates are lower and have remained stable for weeks, sparking continued increases in purchase applications.”

Based on published national averages, the savings rate was 0.41% as of 4/21. The one-year CD averaged 1.77%.

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