PANAMA CITY BEACH, Fla. - eTradeWire -- Mortgage Rates Ease to 6.84%

DATA, ECONOMIC COVERAGE, HOUSING FINANCE, WEEKLY MORTGAGE RATE
Jun 12, 2025

• Hannah Jones

Freddie Mac Mortgage Rates—June 12, 2025

What happened to mortgage rates this week

The Freddie Mac 30-year mortgage rate eased 1 basis point this week, to 6.84%, as cooler-than-expected inflation data helped alleviate concerns about a potential reversal in the downward trend of inflation. Last week's employment report (https://www.realtor.com/research/may-2025-emplo...) also boosted confidence, with modest job gains pointing to a stable labor market. On Wednesday the CPI inflation data (https://www.realtor.com/research/cpi-inflation-...) showed that consumer prices climbed 2.4% year over year in May, and just 0.1% month over month. The market expected price growth to rise in response to new U.S. tariffs, so the cooler inflation reading came as a welcome surprise. Yields on the 10-year Treasury note declined in response to the encouraging economic data, and mortgage rates followed suit.

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The Fannie Mae Home Purchase Sentiment Index (https://www.realtor.com/research/may-2025-hpsi/) also came in relatively rosy for May, with home purchase sentiment climbing to a 2025 high, and concerns over financial security eased. In May, roughly 1 in 4 survey respondents said it is a good time to buy a home, the highest share since March 2022. Though the share remains relatively low, recent progress toward a more balanced housing market is helping to improve buyer optimism.