The average rate on a 30-year fixed mortgage decreased to 6.30% as of October 9, 2025, down from 6.34% in the previous week, according to a survey of lenders by mortgage giant Freddie Mac. The 15-year fixed-rate mortgage averaged 5.53%, below 5.55% last week. “Mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and gradually are willing to move forward with buying a home, which is boosting purchase activity.”