Freddie Mac reported a decrease in mortgage rates in its Primary Mortgage Market Survey (PMMS) released on June 5, 2025. The 30-year fixed-rate mortgage (FRM) averaged 6.85%, a slight decline from the previous week's average of 6.89%, and down from 6.99% a year earlier. This drop in mortgage rates is considered positive news for prospective homebuyers who are also witnessing an improvement in inventory and a slowdown in house price growth, as noted by Sam Khater, Freddie Mac's Chief Economist. In addition, the 15-year FRM also saw a decrease, averaging 5.99% this week, down from last week's 6.03%, and lower than the 6.29% average from the same time last year. Freddie Mac's PMMS surveys conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down and excellent credit, which highlights the stability and affordability aspects of the current housing market.