The WPJ
Residential Real Estate News
U.S. Mortgage Rates Dip to Four Month Low in Early August
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.63% as of August 7, 2025.
Sam Khater
"The 30-year fixed-rate mortgage dropped to its lowest level since April," said Sam Khater, Freddie Mac's Chief Economist. "The decline in rates increases prospective homebuyers' purchasing power and our research shows that buyers can save thousands by getting quotes from a few different lenders."
Freddie Mac News Facts
- The 30-year FRM averaged 6.63% as of August 7, 2025, down from last week when it averaged 6.72%. A year ago at this time, the 30-year FRM averaged 6.47%.
- The 15-year FRM averaged 5.75%, down from last week when it averaged 5.85%. A year ago at this time, the 15-year FRM averaged 5.63%.
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