Mortgage Rates Continue to Decline

Published October 31, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, October 30. The survey showed mortgage rates dropping for the fourth week in a row.

This week, the 30-year fixed rate mortgage averaged 6.17%, down from last week’s average of 6.19%. Last year at this time, the 30-year fixed rate mortgage averaged 6.72%.

The 15-year fixed rate mortgage averaged 5.41% this week, down from last week’s 5.44%. During the same week last year, the 15-year fixed rate mortgage averaged 5.99%.

“Mortgage rates decreased for the fourth consecutive week,” said Freddie Mac’s Chief Economist, Sam Khater. “The last few months have brought lower rates and homebuyers are increasingly entering the market.”

Based on published national averages, the savings rate was 0.40% as of 10/20. The one-year CD averaged 1.68%.

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