Freddie Mac reported a slight increase in mortgage rates this week, with the 30-year fixed-rate mortgage rising to 6.34% and the 15-year to 5.55%. Despite this uptick, rates remain below their 52-week average, a factor Freddie Mac's Chief Economist attributes to a recent boost in homebuyer confidence and pending home sales, suggesting continued activity in the housing market.
Mortgage rates saw a marginal increase for the week ending October 2, 2025, with the 30-year fixed-rate mortgage (FRM) rising 4 basis points to 6.34% and the 15-year FRM climbing 6 basis points to 5.55%. While these rates are elevated compared to the prior year's levels of 6.12% and 5.25% respectively, the more significant context provided by Freddie Mac is that the current 30-year rate remains well below its 52-week average of 6.71%. This sub-peak rate environment is cited by Freddie Mac's Chief Economist as a primary driver for improving market conditions. The analysis directly links the lower rates observed over the past few months to a tangible increase in pending home sales, suggesting that homebuyers are regaining confidence and re-entering the market. The data indicates that despite minor weekly fluctuations, the overall moderation in borrowing costs from recent highs is sufficient to stimulate demand in the housing sector.
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