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Average Long-Term US Mortgage Rate Ticks Down to 6.84%, a Second Straight Small Decline
- Freddie Mac reported on June 13, 2025, that the average 30-year mortgage rate declined slightly to 6.84%, continuing a recent small downward trend.
- This rate change follows generally high mortgage costs, rising home prices, and a housing market slowdown, with sales at near 30-year lows and supply outpacing demand.
- In response, lenders including The Mortgage Works, Barclays, Nationwide, Investec, and Hodge have eased stress test rates and affordability calculations to help buyers and landlords borrow more.
- Damian Thompson of The Mortgage Works said these changes will "boost affordability" and enable landlords to borrow more while ensuring responsible lending, as Jeni Browne noted landlords struggled under prior rental calculation rules.
- These adjustments may improve borrowing access and support some market activity amid persistent high borrowing costs, while economists note mortgage rates likely will remain stable near current levels.
35 Articles
35 Articles
Mortgage rates tick lower for second week in a row
Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.84% from last week's reading of 6.85%.The average rate on a 30-year loan was 6.95% a year ago.THESE STATES WERE THE HOUSING MARKET MVPS, ACCORDING TO REALTOR.COM"Mo…
Average Mortgage Rate Ticks Down to 6.84%
The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. …
Associated Press News
Average long-term US mortgage rate ticks down to 6.84% this week, a second straight small decline
The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated.
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