March Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage ticked down by two basis points this week. Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications." • 30-year fixed-rate mortgage (FRM) averaged 6.65 percent for the week ending February 27, 2025 down from last month when it averaged 6.76 percent. A year ago, at this time, the 30-year FRM averaged 6.79 percent. • 15-year FRM this week averaged 5.89 percent, down from last month when it averaged 5.94 percent. A year ago, at this time, the 15-year FRM averaged 6.11 percent.