Mortgage Rates Post Biggest Drop Since March 2025 — RISMedia
By: Devin Meenan | Published: 2025-07-03 17:47:00 | Source: www.rismedia.com
Heading into the Fourth of July weekend, Freddie Mac has given the real estate market reason to celebrate beyond the holiday. The 30-year mortgage rate, per the latest Primary Mortgage Market Survey® (PMMS®), continued its decline and now sits at 6.67%. The 15-year mortgage rate is 5.8%.
At the last survey reading at the end of June, the 30-year mortgage rate was 6.77%.
“The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. This is the largest weekly decline since early March,” said Sam Khater, Freddie Mac’s chief economist in a statement. “Declining mortgage rates are encouraging and, while overall affordability challenges remain, we are seeing more sellers enter the market giving prospective buyers an…
