Mortgage rates decreased for the fourth consecutive week, according to the latest Freddie Mac (OTCQB:FMCC) Primary Mortgage Survey.30-year fixed-rate mortgages averaged 6.17% as of October 30, down from 6.19% last week and 6.72% in the same period a year ago.15-year fixed-rate mortgages averaged 5.41%, down from 5.44% a week ago and 5.99% a year ago."The last few months have brought lower rates and homebuyers are increasingly entering the market," said Freddie Mac's chief economist, Sam Khater. ...

Core Insights - The average rate on a 30-year U.S. mortgage has decreased for the fourth consecutive week, reaching its lowest level in over a year, which enhances homebuyers' purchasing power and benefits homeowners looking to refinance [1] - The average long-term mortgage rate fell to 6.17% from 6.19% last week, down from 6.72% a year ago, with the last lower rate recorded on October 3, 2024, at 6.12% [1] - The average rate on 15-year fixed-rate mortgages also declined to 5.41% from 5.44% last week, compared to 5.99% a year ago [2] Influencing Factors - Mortgage rates are affected by various factors, including the Federal Reserve's interest rate policies and bond market investors' expectations regarding the economy and inflation [3] - These rates typically align with the trajectory of the 10-year Treasury yield, which serves as a benchmark for lenders in pricing home loans [3]

MCLEAN, Va., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.17%. “Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market,” said Sam Khater, Freddie Mac’s Chief Economist. News Facts The 30-year FRM averaged 6.17% as of October 30, 2025, down from last week when it av ...

Well, less than 24 hours until the next Fed decision, but even with expectations of more rate cuts on the horizon, a top housing economist says mortgage rates could stay above the 6% level through 2028. Mike Frantenonyi is behind the call. He's chief economist at the mortgage bankers association.He joins us now. Um, great to have you, Mike. Uh, this is very disappointing for a lot of people who are waiting for rates to come down, who believe that rates are going to come down because the Fed is going to cont ...

US mortgage rates fell to a fresh one-year low, encouraging more homeowners to refinance and drawing prospective buyers into the market. The contract rate on a 30-year mortgage fell 7 basis points to 6.3% in the week ended Oct. 24, according to Mortgage Bankers Association data released Wednesday. The group’s measure of refinancing jumped to the highest level since mid-September, and the index of home-purchase applications rose for the first time in five weeks. Most Read from Bloomberg Mortgage rates t ...

Core Insights - Mortgage rates have shown slight fluctuations, with the average 30-year fixed rate decreasing to 6.16% and the 15-year fixed rate increasing to 5.43% [1][16] - The 10-year Treasury yields, which serve as a proxy for mortgage rates, have been inconsistent, indicating a lack of clear direction in the mortgage market [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.16% - 20-year fixed: 5.72% - 15-year fixed: 5.43% - 5/1 ARM: 6.44% - 7/1 ARM: 6.57% - 30-year VA: 5.62% - 15-year VA: 5.18% - 5/1 VA: 5.68% [5] Mortgage Refinance Rates - Today's national average mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Market Trends - Mortgage rates are expected to remain within a tight range in the coming months, with the Federal Reserve anticipated to lower short-term interest rates twice before year-end, though mortgage rates may not drop sharply [17] - There has been a general downward trend in mortgage rates since the government shutdown, with current rates lower than they were a year ago [18] Mortgage Types and Characteristics - A 30-year fixed mortgage offers lower and predictable monthly payments, but comes with higher interest costs over the loan's life compared to shorter terms [8][10] - A 15-year fixed mortgage has higher monthly payments but lower interest rates, allowing borrowers to pay off their mortgage sooner and save on interest [11][12] - Adjustable-rate mortgages (ARMs) typically start with lower rates but can lead to unpredictable payments after the initial fixed period [13][14]

A home is most Americans' single largest investment. The returns are losing ground. Home prices nationally rose 1.5% in August compared with the same month last year, down from the 1.6% annual gain recorded in July, according to the S&P Cotality Case-Shiller U.S. National Home Price NSA Index. While home prices aren't yet falling, they're weakening — rising at a slower pace than the current 3% rate of inflation. That means that housing wealth eroded in real terms for the fourth consecutive month, according ...

Core Insights - Mortgage rates are experiencing fluctuations, with the 30-year fixed mortgage rate increasing to 6.21% and the 15-year fixed rate decreasing to 5.40% [1][16] - The Federal Reserve's recent actions, including rate cuts, are influencing mortgage rates, but significant drops are not expected until at least the end of 2025 [13][17] Mortgage Rates Overview - Current mortgage rates include: - 30-year fixed: 6.21% - 20-year fixed: 5.81% - 15-year fixed: 5.40% - 5/1 ARM: 6.37% - 7/1 ARM: 6.29% - 30-year VA: 5.61% - 15-year VA: 5.08% [5] Refinance Rates - Refinance rates are generally higher than purchase rates, with the current 30-year fixed refinance rate at 6.35% [16] Economic Impact - Economists predict that mortgage rates will remain relatively stable through 2025, despite potential rate cuts from the Federal Reserve [17][18] - The CME FedWatch tool indicates a high probability of further rate cuts in the near future, which may influence mortgage rates [14]

Core Insights - The bond market is positioned to potentially revitalize the stagnant housing market following the recent Federal Reserve decision [1] Group 1: Bond Market Impact - The Federal Reserve's decision this week may lead to lower interest rates, which could stimulate demand in the housing market [1] - A decrease in bond yields is expected, making mortgages more affordable and encouraging home purchases [1] Group 2: Housing Market Dynamics - The housing market has been experiencing a slowdown, with many potential buyers sidelined due to high borrowing costs [1] - The anticipated changes in the bond market could unlock new opportunities for both buyers and sellers in the housing sector [1]

Last Updated: 9 hours ago Home Builders, Mortgage Stocks Rise. Rates Are Heading Lower. CONCLUDED Stock Market News From Oct. 24, 2025: Dow Tops 47,000 After CPI Inflation Report By Shaina Mishkin Mortgage rates were set to head lower on Friday following September's inflation reading. Shares of home construction and mortgage companies perked up in response. The iShares U.S. Home Construction exchange-traded fund was up 1.4% in premarket trading to $105.88. If the fund closed at that level, it would be its h ...