Mortgage Rates Decline Again

Published September 19, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, September 18. The survey showed the 30-year mortgage rate falling to the lowest level in almost a year.

This week, the 30-year fixed rate mortgage averaged 6.26%, down from last week’s average of 6.35%. Last year at this time, the 30-year fixed rate mortgage averaged 6.09%.

The 15-year fixed rate mortgage averaged 5.41% this week, down from last week’s 5.50%. During the same week last year, the 15-year fixed rate mortgage averaged 5.15%.

“Mortgage rates decreased yet again this week, prompting many homeowners to refinance,” said Freddie Mac’s Chief Economist, Sam Khater. “In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022.”

Based on published national averages, the savings rate was 0.40% as of 9/15. The one-year CD averaged 1.70%.

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