US Mortgage Rates Fall to October-Lows: MBA

2025-04-09 11:04 By Joana Taborda 1 min. read

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) in the US fell to 6.61% in the week ended April 4th 2025, the lowest since mid-October, from 6.7% in the previous period, according to the Mortgage Bankers Association.

It compares with a rate of 7.01% a year earlier.

Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $806,500) decreased to 6.65% from 6.76% and the average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.33% from 6.37%.



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