The average rate on a 30-year fixed mortgage eased to 6.17% as of October 30th, 2025, the lowest since early October 2024 and down from 6.19% in the previous week, according to a survey of lenders by mortgage giant Freddie Mac. Rates declined after the Federal Reserve’s widely expected quarter-point rate cut on Wednesday. “Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market,” said Sam Khater, Freddie Mac’s chief economist.