US EditionAverage US rate on a 30-year mortgage dips to 6.65% after rising for 2 weeks
- On March 27, 2025, the average rate on a 30-year mortgage in the U.S. Fell slightly to 6.65% from 6.67% the previous week, according to Freddie Mac, marking the first decline after two consecutive weeks of increases.
- This slight decrease occurred within a context of overall market focus on potential trade policy changes and the Federal Reserve holding the funds rate steady, as noted by MBA economist Joel Kan.
- The Mortgage Bankers Association's seasonally adjusted index revealed that total mortgage application volume decreased by 2% last week, driven by a 5% decrease in refinance applications to the lowest level in a month, while applications for home purchases rose by 1%.
- According to Joel Kan, the increase in purchase activity was primarily fueled by a 6% rise in FHA applications, as the combination of loosening housing inventory and slowly declining mortgage rates presented more opportunities for this segment of buyers.
- While the current purchase demand is 63% higher than the same week last year and the average rate for 15-year fixed-rate mortgages rose to 5.89% from 5.83%, the annual comparison is skewed due to the overall low volume, and aspiring homebuyers are increasingly utilizing AI tools, with nearly 40% using them to find and view homes.
40 Articles
40 Articles
San Diego Union Tribune
Average US rate on a 30-year mortgage falls slightly to 6.65% after rising for 2 weeks
By ALEX VEIGA, AP Business Writer The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market. Related Articles Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues Stock market today: Wall Street drifts as auto tariffs hurt GM, help Tesla and others …
Average US rate for 30-year mortgage falls slightly to 6.65% after rising for 2 weeks
The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market
Associated Press News
Average US rate on a 30-year mortgage dips to 6.65% after rising for 2 weeks
The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what's traditionally the housing market's busiest time of the year.
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