MCLEAN, Va. – Freddie Mac () reported today that the 30-year fixed-rate mortgage averaged 6.65% as of Thursday, down from 6.67% the previous week, according to the company’s Primary Mortgage Market Survey.
The 15-year fixed-rate mortgage averaged 5.95%, declining from 5.96% the prior week, based on the press release statement.
A year ago, the 30-year fixed-rate mortgage stood at 6.58%, while the 15-year fixed-rate mortgage was at 5.69%.
“The 30-year fixed-rate mortgage declined this week averaging 6.65%,” said Sam Khater, Freddie Mac’s Chief Economist. “With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate.”
The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who make a 20% down payment and have excellent credit.
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