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Mortgage rates fall to lowest level of 2025

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Mortgage rates fell to the lowest level of the year this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.58% from last week's reading of 6.63%.The average rate on a 30-year loan was 6.49% a year ago."Mortgage rates fell to their lowest level since October," said Sam Khater, Freddie Mac’s chief economist. "Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates."TREASURY'S BESSENT SAYS FIXING HOUSING...

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