US Mortgage Rates Inch Lower in the Week Ending February 13
The 30-Year Fixed-Rate Mortgage Continues to Decrease
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending Thursday, February 13.
The 30-year fixed-rate mortgage averaged 6.87%, down from last week when it averaged 6.89%. A year ago at this time, the 30-year rate averaged 6.77%.
The 15-year fixed-rate mortgage averaged 6.09%, up from last week when it averaged 6.05%. A year ago at this time, the 15-year rate averaged 6.12%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025. Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year. This is an indication that a thaw in buyer activity could be on the horizon.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.