MCLEAN, Va. — The 30-year fixed-rate mortgage interest rate averaged 6.20% with an average 0.7 point for the week ending Nov. 6, down from last week when it averaged 6.46%. Last year at this time, the 30-year FRM averaged 6.24%.
Freddie Mac today released its Primary Mortgage Market Survey.
The 15-year fixed-rate mortgage this week averaged 5.88% with an average 0.7 point, down from last week when it averaged 6.19%. A year ago at this time, the 15-year FRM averaged 5.90%.
Recommended For You
Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 6.19% this week, with an average 0.6 point, down from last week when it averaged 6.36%. A year ago, the 5-year ARM averaged 5.89%.
One-year Treasury-indexed ARMs averaged 5.25%this week with an average 0.4 point, down from last week when it averaged 5.38%. At this time last year, the 1-year ARM averaged 5.50%.
Freddie Mac's chief economist attributed the across-the-board decline to a weak job market and falling consumer spending.
Thirty-eight percent of Bankrate.com's mortgage panelists believe mortgage rates will fall over the next 35 to 45 days. The rest are equally divided among those who think rates will fall and those who predict rates will remain relatively unchanged.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
