Mortgage Rates Dip This Week — RISMedia
By: Beth McGuire | Published: 2025-06-05 17:35:00 | Source: www.rismedia.com
A drop in rates coupled with continued inventory increases and slowing price growth has been welcome news to homebuyers this week, but continuing volatility around trade and economic policies are keeping rates elevated.
According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the 30-year fixed-rate mortgage (FRM) averaged 6.85%, a decrease of 4 basis points from last week’s average of 6.89%.
“The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow,” said Sam Khater, Freddie Mac’s chief economist.
Realtor.com Economist, Jiayi Xu commented, “When the Federal Reserve began its first rate cut in…
