Mortgage Rate Ticks Down

India, March 27 -- Mortgage rates, or interest rates on home loans, dropped this week, according to mortgage provider Freddie Mac (FMCC.OB).

The 30-year FRM averaged 6.65% as of March 27, 2025, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.79%.

The 15-year FRM averaged 5.89%, up from last week when it averaged 5.83%. A year ago at this time, the 15-year FRM averaged 6.11%.

"The 30-year fixed-rate mortgage ticked down by two basis points this week," said Sam Khater, Freddie Mac's Chief Economist. "Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications."

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