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Mortgage Rates Decline Again

Published August 1, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 31. The survey showed mortgage rates continue to inch down from the previous week.

This week, the 30-year fixed mortgage rate averaged 6.72%, down from last week’s average of 6.74%. Last year at this time, the 30-year fixed mortgage rate averaged 6.73%.

The 15-year fixed mortgage rate averaged 5.85% this week, down from last week’s average of 5.87%. During the same week last year, the 15-year fixed mortgage rate averaged 5.99%.

“The 30-year fixed-rate mortgage showed little movement, remaining within the same narrow range for the fourth consecutive week,” said chief economist at Freddie Mac, Sam Khater. “Continued economic growth, along with moderating house prices and rising inventory, bodes well for buyers and sellers alike.”

Based on published national averages, the savings rate was 0.38% as of 7/21. The one-year CD averaged 1.63%.

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.