The average contract interest rate on 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) in the US edged down to 6.42% in the week ending October 10th, 2025, from 6.43% the previous week, according to the Mortgage Bankers Association. A year earlier, borrowing costs were at 6.52%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $806,500) decreased to 6.47% from 6.6%. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 6.19%.