US Mortgage Rates Lowest in 13-Months

2025-10-30 16:05 By Felipe Alarcon 1 min. read

The average rate on a 30-year fixed mortgage eased to 6.17% as of October 30th, 2025, the lowest since early October 2024 and down from 6.19% in the previous week, according to a survey of lenders by mortgage giant Freddie Mac.

Rates declined after the Federal Reserve’s widely expected quarter-point rate cut on Wednesday. “Mortgage rates decreased for the fourth consecutive week.

The last few months have brought lower rates and homebuyers are increasingly entering the market,” said Sam Khater, Freddie Mac’s chief economist.



News Stream
US Mortgage Rates Ease Further
The average rate on a 30-year fixed mortgage fell by 7bps from the previous week to 6.23% as of April 23rd, a third consecutive decrease since reaching the seven-month high of 6.46%, according to data compiled by the Freddie Mac. The drop loosely tracked the pullback in long-dated Treasury yields as energy prices eased from their peaks in the last week of March. “The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”
2026-04-23
US 30-Year Mortgage Rates Drop For 2nd Week
US Mortgage rates fell for the second straight week, averaging 6.30% as of April 16, down from 6.37% last week, easing borrowing costs during the peak homebuying season. Rates hit a one-month low amid easing geopolitical fears and a record S&P 500, as strong bank and tech earnings overshadowed Middle East tensions. Refinance activity rose, per the Mortgage Bankers Association, while purchase applications stayed subdued, remaining below year-ago levels for the second week, as buyers remained cautious amid economic uncertainty.
2026-04-16
US 30-Year Mortgage Rate Falls Slightly
Mortgage rates have dropped for the first time since the conflict in Iran began, offering a bit of relief to the U.S. housing market as the spring homebuying season gets underway. The average rate for a 30-year fixed mortgage fell to 6.37% on Thursday, down from 6.46% the previous week and 6.62% in the same period last year. The 10-year Treasury yield, closely tied to mortgage rates, declined following Tuesday’s announcement of a two-week ceasefire. However, analysts caution that the economic fallout from the Iran conflict remains far from resolved.
2026-04-09