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30-year fixed mortgage rate slips to 6.67% for first time in six weeks
Freddie Mac said the 30-year rate fell to 6.67%, while the 15-year fixed rate averaged 5.96%, both still above year-ago levels.
The average long-term U.S. mortgage rate dipped slightly for the first time in six weeks, offering a small easing for would-be homebuyers while still leaving borrowing costs higher than a year ago, according to Freddie Mac.
Freddie Mac reported the benchmark 30-year fixed-rate mortgage dropped to 6.67%, down from 6.69% last week. That compares with 6.58% at the same time in 2025, and higher mortgage rates can add hundreds of dollars per month, reducing purchasing power and contributing to delays in home shopping.
The 15-year fixed-rate mortgage also fell modestly, averaging 5.96% versus 6.01% last week, but it remains above the 5.71% average from a year ago. AP notes that mortgage rates track factors including inflation, Federal Reserve policy decisions, and bond-market expectations, and that they generally move with the 10-year Treasury yield.
The article links the recent easing in mortgage rates to a softening in the 10-year Treasury yield, which fell to 4.61% as of midday Thursday from 4.72% at the start of the week. It also points to cooling inflation readings and says expectations for interest-rate decisions may be influenced if inflation continues to rise at a slower pace.
AP further says mortgage and bond yields have been mostly higher this year, citing the U.S. war with Iran, which has raised expectations for hotter inflation as crude oil prices soared, leaving long-term yields steeper than before the conflict began in late February.
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