The average 30-year fixed-rate mortgage fell 0.02% this week to 6.65%, according to Freddie Mac’s weekly rate survey. It is down 0.14% from this time last year, when it averaged 6.79%.

The 30-year rate returned to levels seen two weeks ago following a slight uptick to 6.67% last week. It has fallen 0.39% from its 2025 peak of 7.04% during the week of Jan. 16.

“The 30-year fixed-rate mortgage ticked down by two basis points this week,” Sam Khater, Freddie Mac’s chief economist, said in a press release. “Recent mortgage rate stability continues to benefit potential buyers this spring, as reflected in the uptick in purchase applications.”

Meanwhile, the 15-year fixed-rate mortgage increased to 5.89% from 5.83% last week. It continues an upward trend for the 15-year rate over the past three weeks following a 0.15% decline during the week of March 6.