"The average rate on a 30-year U.S. mortgage fell to its lowest level of 2025 this week, an encouraging sign for prospective home buyers. The average long-term mortgage rate dipped to 6.15% from 6.18% last week, mortgage buyer Freddie Mac said Wednesday. That's the lowest average long-term rate since October 3, 2024, when it dipped to 6.12% before shooting back up. One year ago, the rate averaged 6.91%."
"Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation. They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans. The 10-year yield was at 4.14% at midday Wednesday, down a touch from last week's 4.15%."
Freddie Mac reported the average 30-year mortgage rate dipped to 6.15% from 6.18%, the lowest 2025 average and the lowest since Oct. 3, 2024 (6.12%). The average 15-year fixed rate fell to 5.44% from 5.50%, down from 6.13% a year earlier, while the 30-year averaged 6.91% a year ago. Mortgage rates generally track the 10-year Treasury yield, which was 4.14% at midday Wednesday. Rates eased beginning in July ahead of Federal Reserve rate cuts that began in September and continued this month, though Fed cuts do not always lower mortgage rates. Realtor.com data show listings up and many sellers cutting initial prices.
Read at Fast Company
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