Mortgage and refinance interest rates today, October 24, 2025: Now at a more than a one-year low

Core Insights - Mortgage rates are trending down, with the national average 30-year fixed mortgage rate falling to 6.19%, which is 35 basis points lower than a year ago [1][17] - The 15-year fixed mortgage rate also decreased to 5.44%, marking a decline of more than a quarter point compared to last October [1][17] - High refinancing activity continues, accounting for over half of all mortgage activity for the sixth consecutive week due to lower rates [2] Current Mortgage Rates - The current national average rates for various mortgage types include: - 30-year fixed: 6.19% - 15-year fixed: 5.44% - 5/1 ARM: 6.26% - 7/1 ARM: 6.41% [1][6][17] Future Projections - Industry forecasts suggest that mortgage rates will remain stable for the rest of the year, with the 30-year rate expected to stay at 6% or higher for most of 2026 [15][18] - Fannie Mae projects a slight decrease to 5.9% in Q4 2026, while the Mortgage Bankers Association anticipates a 30-year mortgage rate of 6.4% by the end of 2025 [15][18]