Mortgage and refinance interest rates today, October 4, 2025: On pause for now

Core Insights - Mortgage rates are currently stable, with the average 30-year fixed mortgage rate at 6.28% and the 15-year fixed rate at 5.58% [1][15][17] Current Mortgage Rates - The national average rates for various mortgage types are as follows: - 30-year fixed: 6.28% - 20-year fixed: 5.79% - 15-year fixed: 5.58% - 5/1 ARM: 6.69% - 7/1 ARM: 6.79% - 30-year VA: 5.67% - 15-year VA: 5.20% - 5/1 VA: 5.46% [4][5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, although this is not always the case [2] Market Trends - Mortgage rates have been gradually decreasing since late May, with a notable drop of over half a point for the 30-year fixed rate [17] - Economists do not anticipate significant drops in mortgage interest rates before the end of the year, suggesting only minor fluctuations [16] Buying Conditions - The current housing market is considered relatively favorable for buyers compared to the previous years, as home prices are not experiencing the rapid increases seen during the COVID-19 pandemic [13][14] - It is advised that potential buyers consider their personal circumstances rather than trying to time the market [14]