Average mortgage rate eases for 2nd week in a row

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season.
There has been little movement in mortgage rates this week
Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 6.95% this week, the same as the previous week.
Mortgage rates went down again. Here’s what that means for you.
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
Mortgage Rates Show Little Movement
MCLEAN, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95%.
Average mortgage rate eases for second week in a row
The average rate remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season.
Mortgage rates largely flat amid affordability hurdles
Mortgage rates remained largely flat this week amid affordability hurdles among homebuyers, showed the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.95% as of January 30,
Current Mortgage Rates: January 30, 2025
Freddie Mac’s average rate on a 30-year fixed-rate loan was 6.95% for the week ending January 30, virtually unchanged from a week ago. Elevated rates continue to keep many would-be buyers on the sidelines as housing affordability remains challenging.
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