Freddie Mac (FMCC, Financials) reports that mortgage rates in the United States peaked higher in the first full week of 2025. As of Jan. 9, the average rate for a 30-year fixed-rate mortgage was 6.93%—up from 6.91% the week before. The percentage is far higher than the 6.66% average seen during the same period previous year.
From 6.13% the previous week, the average 15-year FRM also slightly increased to 6.14%. The 15-year FRM average one year ago was 5.87%.
Sam Khater, Chief Economist of Freddie Mac, explained the ongoing high rates as a result of ongoing economic strength, which has put pressure on mortgage rates higher. Rising housing prices aggravate affordability issues especially for first-time purchasers. Still a major obstacle is the scarcity of entry-level housing inventory.
Tracking conventional, conforming loans for homeowners with solid credit who make a 20% down payment, Freddie Mac's Primary Mortgage Market Survey. The poll presents a picture of the state of the market now and how it affects the housing industry.
Established in 1970, Freddie Mac supports liquidity and equity during economic cycles, therefore helping to foster stability and affordability in the housing market.
