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You are here: Home / Blog / Market Trends

30-year fixed rate mortgage remains under 7 percent

May 15, 2025

Mortgage Interest Rates

The 30-year fixed rate mortgage (FRM) averaged 6.81 percent as of May 15, 2025, up from last week when it averaged 6.76 percent, according to the Freddie Mac. A year ago at this time, the 30-year FRM averaged 7.02 percent.

“The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into the market, with purchase application activity up 18% from last year.”

The 15-year fixed-rate mortgage averaged 5.92 percent, up from last week when it averaged 5.89 percent. A year ago at this time, the 15-year FRM averaged 6.28 percent.

Filed Under: Market Trends Tagged With: Interest Rates

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"Expertise unsurpassed for Quail Creek. Russ helped us sell one home in Quail Creek and then found our current home that suits our needs better. You can rest assured that your interest is being taken care of. Russ’ concern is ensuring you are happy with your new home. The task of looking for a new home can be stressful and daunting. Russ will help you get through it and in fact make it enjoyable. "
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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