February Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that  "This week, mortgage rates decreased to their lowest level in over two months. The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."

• 30-year fixed-rate mortgage (FRM) averaged 6.76 percent for the week ending February 27, 2025 down from last month when it averaged 6.95 percent. A year ago, at this time, the 30-year FRM averaged 6.94 percent.
• 15-year FRM this week averaged 5.94 percent, down from last month when it averaged 6.12 percent. A year ago, at this time, the 15-year FRM averaged 6.26 percent.