Mortgage Rates Broadly Flat
Freddie Mac’s latest Primary Mortgage Market Survey® shows that mortgage rates held steady this week, signaling a potential stabilizing trend in the housing market. The 30-year fixed-rate mortgage averaged 6.24% as of November 13, 2025, only slightly higher than last week’s 6.22%, while the 15-year fixed-rate mortgage edged down to 5.49% from 5.50%. Compared to a year ago, both rates remain lower, when the 30-year averaged 6.78% and the 15-year averaged 5.99%.
According to Freddie Mac Chief Economist Sam Khater, the steady rates appear to have encouraged more home purchase activity, offering a small but positive sign for the market. The survey focuses on conventional, conforming loans with 20% down payments and strong credit profiles, providing a key benchmark for the mortgage industry. The recent data suggests that while borrowing costs remain elevated, the relative rate stability could help gradually revive buyer confidence heading into the end of 2025.
According to Freddie Mac, “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s Chief Economist.
