Mortgage Rates Barely Budge – NMP
Analysis and Data

Mortgage Rates Barely Budge

Jul 25, 2024
Freddie Mac PMMS July 25, 2024
A headshot of Sarah Wolak
Staff Writer

Freddie Mac reported mortgage rates essentially remained flat from last week's numbers.

Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage (FRM) averaged 6.78%. Last week's 30-year FRM averaged 6.77%. 

“Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year,” said Sam Khater, Freddie Mac’s chief economist. “Despite these lower rates, buyers continue to pause, as reflected in tumbling new and existing home sales data.”

This week's numbers are slightly below last year's when the 30-year FRM averaged 6.81%.

The 15-year FRM averaged 6.07%, up marginally from last week when it averaged 6.05%. A year ago at this time, the 15-year FRM averaged 6.11%.

Freddie Mac
mortgage rates
30-year fixed mortgages
About the author
A headshot of Sarah Wolak
Staff Writer
Sarah Wolak is a staff writer at NMP.
Link copied
Published
Jul 25, 2024
Get the NMP Daily
Analysis and Data
FICO Survey Finds Credit Confusion Still Holding Back Prospective Homebuyers

New research finds affordability remains the biggest obstacle, but many future buyers also misunderstand how credit affects mortgage eligibility and pricing

A new survey from FICO suggests confusion about the homebuying process and the role of credit may be creating another hurdle for prospective borrowers.According to FICO's new Homeownership Survey, 74% of prospective homebuyers said financial obstacles prevented them from pur...

Continue reading
Tech
Atlantic Home Mortgage Launches AI Refinance Platform To Generate Broker Leads

Lendtrain gives homeowners instant refinance estimates before connecting them with licensed mortgage professionals

Atlantic Home Mortgage has introduced an AI-powered platform designed to help homeowners evaluate whether refinancing makes financial sense before beginning the formal loan process.The company this week launched Lendtrain, a refinance-focused platform that allows homeowners ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Analysis and Data
FICO Survey Finds Credit Confusion Still Holding Back Prospective Homebuyers

New research finds affordability remains the biggest obstacle, but many future buyers also misunderstand how credit affects mortgage eligibility and pricing

Analysis and Data
Jul 08, 2026
Lower Mortgage Payments Help Drive Home Sales Rebound: Zillow

June sales climbed 5.9% from a year earlier as mortgage costs eased, while inventory growth slowed to its weakest pace since late 2023, signaling a more balanced purchase market

Analysis and Data
Jul 08, 2026
VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

Regulation and Compliance
Jul 07, 2026
ROAD Act Poll Shows Support As Trump Decision Nears

Advocacy group's survey finds bipartisan backing for small-dollar mortgages and housing supply measures as the landmark housing bill awaits presidential action

Analysis and Data
Jul 07, 2026
First-Time Buyers Remain Resilient As Affordability Pressures Persist

Newrez loan data shows first-time buyers still accounted for nearly half of 2025 purchase originations as home prices and borrower incomes climbed

Analysis and Data
Jul 07, 2026
Gen Z Hits Record Share Of Purchase Lending

ICE finds younger buyers making up a growing share of mortgages while alternative down payment sources reach a seven-year high

Analysis and Data
Jul 06, 2026