Average Rate on a 30-Year Mortgage Drops to 6.5%, Lowest Level Since Last October

30-year mortgage rate falls to 6.5%

KEY TAKEAWAYS:  Average U.S. 30-year mortgage rate falls to 6.5%  Lowest level since October 2024, per Freddie Mac  Fed policy and bond yields influencing borrowing costs  Lower rates may boost affordability but spur competition The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power. The long-term rate eased to 6.5% from 6.56% last week, mortg…

Average rate on a 30-year mortgage drops to 6.5%, the lowest since last October

The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power.

Mortgage Rates in the US Drop, Sending 30-Year Loans to 6.5%

Mortgage rates in the US fell, extending a steady decline that offers homebuyers some relief.

Average rate on a 30-year mortgage drops to 6.5%, lowest level since last October

Elevated mortgage rates have kept the U.S. housing market in a slump since early 2022, when rates began climbing from pandemic lows.

30-year mortgage rate drops to 6.5%, lowest since October

U.S. mortgage rates eased again this week, with the 30-year average falling to 6.5%, giving homebuyers more purchasing power amid Fed rate cut hopes.

Mortgage Rates Sink to 6.5% but Affordability Still Freezes Buyers - Channelchek

Mortgage rates have drifted lower once again, hitting a fresh low for 2025, but the relief has yet to thaw an otherwise sluggish housing market. According to Freddie Mac, the average 30-year fixed mortgage rate slipped to 6.5% this week, down slightly from 6.56% the prior week and the lowest level since October 2024. The 15-year fixed mortgage rate also moved lower to 5.6%. The decline extends a trend that has carried through much of the summer …