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Mortgage Rates Continue to Fall

The 30-year fixed-rate mortgage averaged 6.26% as of Sept. 18, down from last week when it averaged 6.35%.

By Phil HallSeptember 18, 2025

Real Estate Market Falls. Red arrow down on the background of houses.

Mortgage rates continued to decline in the latest its Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).

The 30-year fixed-rate mortgage averaged 6.26% as of Sept. 18, down from last week when it averaged 6.35%. A year ago at this time, it averaged 6.09%.

The 15-year fixed-rate mortgage averaged 5.41%, down from last week when it averaged 5.50%. A year ago at this time, it averaged 5.15%.

“Mortgage rates decreased yet again this week, prompting many homeowners to refinance. In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022,” said Sam Khater, Freddie Mac’s chief economist.