Mortgage and refinance interest rates today, October 9, 2025: Rates finally inch down

Mortgage rates have decreased this week. According to Freddie Mac, the national average 30-year fixed mortgage rate has dropped by four basis points to 6.30%, putting it a couple of basis points lower than this time last year. The 15-year fixed rate is down by two basis points to 5.53%. These declines follow two consecutive weeks of increases. Interest rates probably won't plummet before the end of the year, so any small decrease is positive news for home buyers or homeowners looking to refinance. It coul ...