FX.co ★ US Mortgage Rates Lowest in 13-Months

The average interest rate for a 30-year fixed mortgage fell to 6.17% as of October 30, 2025. This marks the lowest point since early October 2024, slightly down from 6.19% the week before, as reported in a lender survey by Freddie Mac, a major player in the mortgage industry. This decline follows the anticipated quarter-point rate reduction by the Federal Reserve last Wednesday. "Mortgage rates have decreased for the fourth consecutive week. The recent months have seen a trend of lower rates, prompting more homebuyers to enter the market," remarked Sam Khater, the chief economist at Freddie Mac.