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Giving Home > Giving News > Finance News > Mortgage Rates Decline

Mortgage Rates Decline

Published April 25, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, April 24. According to the survey, there was a modest decline in the mortgage rates for 30-year and 15-year loans compared to the previous week.

This week, the 30-year fixed mortgage rate averaged 6.81%, a decrease from last week’s average of 6.83%. Last year at this time, the 30-year fixed mortgage rate averaged 7.17%.

The 15-year fixed mortgage rate averaged 5.94% this week, down from last week’s average of 6.03%. During the same week last year, the 15-year fixed mortgage rate averaged 6.44%.

“The average mortgage rate decreased slightly this week,” said chief economist at Freddie Mac, Sam Khater. “Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability continues to bode well for buyers and sellers alike.”

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

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.