Mortgage rates fall to their lowest level in 2025
CBS News••business
Key Points:
- The average rate on a 30-year U.S. mortgage fell to 6.15%, the lowest level in 2025, down from 6.18% last week and significantly lower than last year's 6.91%, according to Freddie Mac.
- Rates on 15-year fixed mortgages also declined to 5.44% from 5.5% last week, compared to 6.13% a year ago, benefiting homeowners refinancing their loans.
- Mortgage rates are influenced by Federal Reserve policies, bond market expectations, and the 10-year Treasury yield, which recently edged down to 4.14%, aiding the easing of mortgage rates since July.
- Despite lower rates and increased home listings leading to price
