{"id":19751,"date":"2025-10-23T16:23:07","date_gmt":"2025-10-23T16:23:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/19751\/"},"modified":"2025-10-23T16:23:07","modified_gmt":"2025-10-23T16:23:07","slug":"average-long-term-us-mortgage-rate-drops-to-6-19","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/19751\/","title":{"rendered":"Average long-term US mortgage rate drops to 6.19%"},"content":{"rendered":"

By ALEX VEIGA, AP Business Writer<\/p>\n

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that\u2019s helped give lagging U.S. home sales a boost.<\/a><\/p>\n

The average long-term mortgage rate fell to 6.19% from 6.27% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.54%.<\/p>\n

This is the third straight weekly decline and it brings the average rate to its lowest level since Oct. 3, 2024, when it was 6.12%.<\/p>\n

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased this week. The average rate dropped to 5.44% from 5.52% last week. A year ago, it was 5.71%, Freddie Mac said.<\/p>\n

Mortgage rates are influenced by several factors<\/a>, from the Federal Reserve\u2019s interest rate policy decisions to bond market investors\u2019 expectations for the economy and inflation. They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.<\/p>\n

The 10-year yield was at 3.99% at midday Thursday, not far from around 3.97% the same time last week.<\/p>\n

Originally Published: October 23, 2025 at 9:07 AM PDT<\/p>\n","protected":false},"excerpt":{"rendered":"By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage fell this week to…\n","protected":false},"author":2,"featured_media":19752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[16374,16373,16375,74,76,75],"class_list":["post-19751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-average-mortgage-rates","tag-mortgage-rates","tag-real-estate-market","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/19751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=19751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/19751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/19752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=19751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=19751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=19751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}