Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

Mortgage Rates Fall to Lowest Level in Over a Year

Mortgage rates fell to their lowest level in more than a year this week, improving affordability and bolstering homebuyer purchasing power—but the drop has yet to spark a significant revival in housing demand, as buyers remain cautious. Freddie Mac said on Oct. 23 that the average rate on a 30-year fixed mortgage declined to 6.19 percent, down from 6.27 percent last week and nearly a full percentage point below its January peak above 7 percent. …

Average long-term US mortgage rate drops to 6.19 percent, lowest level in more than a year - The Boston Globe

Mortgage rates started declining in July in the lead-up to the Federal Reserve’s decision last month to cut its main interest rate for the first time in a year amid growing concern over the US job market.

Mortgage rates drop to lowest level in over a year as buyers regain leverage

Mortgage rates dropped this week to their lowest level in more than a year, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.19% from last week's reading of 6.27%. The average rate on a 30-year loan was 6.54% a year ago."At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it ho…

Mortgage rates are the lowest in over a year. Will the housing market respond?

Rates for home loans are at the lowest in more than a year and housing activity is responding

Average long-term mortgage rate drops to lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year.