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Mortgage Rate Edges Lower

Published March 28, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, March 27. The survey showed that the 30-year mortgage rate declined slightly compared to the previous week.

This week, the 30-year fixed mortgage rate averaged 6.65%, a slight decrease from last week’s average of 6.67%. Last year at this time, the 30-year fixed mortgage rate averaged 6.79%.

The 15-year fixed mortgage rate averaged 5.89% this week, up from last week’s average of 5.83%. During the same week last year, the 15-year fixed mortgage rate averaged 6.11%.

“The 30-year fixed-rate mortgage ticked down by two basis points this week,” said Freddie Mac’s Chief Economist, Sam Khater. “Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications.”

Based on published national averages, the savings rate was 0.41% as of 3/17. The one-year CD averaged 1.78%.

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.