Average US long-term mortgage rate falls to the lowest level of the year at 6.15%
ABC News••business
Key Points:
- The average rate on a 30-year U.S. mortgage dropped to 6.15% this week, the lowest level in 2025, down from 6.18% last week and 6.91% a year ago, according to Freddie Mac.
- Rates on 15-year fixed mortgages also declined to 5.44% from 5.50% the previous week, compared to 6.13% a year ago, benefiting homeowners refinancing loans.
- Mortgage rates are influenced by Federal Reserve policies and bond market trends, with the 10-year Treasury yield slightly decreasing to 4.14%, which helps guide mortgage pricing.
- Despite lower rates and increased home listings leading to price reductions, affordability challenges
