Mortgage Rates Remain Essentially Flat
June 12, 2025
Mortgage rates have moved within a narrow range for the past few months and this week is no different. Rate stability, improving inventory and slower house price growth are an encouraging combination this National Homeownership Month.
Mortgage Rates Hold Steady, Offering Hope for Homebuyers
The latest Freddie Mac Primary Mortgage Market Survey shows mortgage rates remained largely unchanged for the week ending June 12, 2025. This period of stability, coupled with growing housing inventory and a moderation in home price appreciation, presents an encouraging landscape for potential homebuyers, especially during National Homeownership Month.
The 30-year fixed-rate mortgage (FRM) saw a negligible dip to an average of 6.84 percent, down from the previous week’s 6.85 percent. A year ago, the 30-year FRM stood at 6.95 percent.
Similarly, the 15-year FRM averaged 5.97 percent, a slight decrease from last week’s 5.99 percent. This is also lower than the year-ago average of 6.17 percent.
“Mortgage rates have moved within a narrow range for the past few months and this week is no different,” said Sam Khater, Freddie Mac’s Chief Economist. “Rate stability, improving inventory and slower house price growth are an encouraging combination this National Homeownership Month.”
The consistency in mortgage rates is a welcome sign for prospective buyers who have been contending with affordability challenges. The combination of flatter rates, more homes on the market, and less aggressive price increases may provide a window of opportunity for those looking to enter the housing market.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Consult with qualified professionals before making any financial decisions.
Michael Mahoney
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mike@mmahoney.com
www.HomesinBostonMass.com
MA. License #9051300
Real Broker LLC License #423031
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