{"id":261557,"date":"2025-10-30T21:38:06","date_gmt":"2025-10-30T21:38:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/261557\/"},"modified":"2025-10-30T21:38:06","modified_gmt":"2025-10-30T21:38:06","slug":"average-long-term-us-mortgage-rate-dips-to-6-17-its-lowest-level-in-more-than-a-year-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/261557\/","title":{"rendered":"Average long-term US mortgage rate dips to 6.17%, its lowest level in more than a year"},"content":{"rendered":"<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Lower mortgage rates boost homebuyers\u2019 purchasing power. They also benefit homeowners eager to refinance their current home loan to a more attractive rate.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The average long-term mortgage rate dropped to 6.17% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The last time the average rate was lower was on Oct. 3, 2024, when it was 6.12%.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased this week. The average rate dropped to 5.41% from 5.44% last week. A year ago, it was 5.99%, Freddie Mac said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">Mortgage rates are <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/apnews.com\/article\/mortgage-rates-housing-federal-reserve-rate-cut-9351815c29cea1e27b531dec88d3e4da\" rel=\"nofollow noopener\" target=\"_blank\">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","protected":false},"excerpt":{"rendered":"The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its&hellip;\n","protected":false},"author":2,"featured_media":261558,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[141086,966,28,109,101,2402,9399],"class_list":["post-261557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-141086","tag-article","tag-business","tag-economic-policy","tag-economy","tag-inflation","tag-mortgages"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/261557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=261557"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/261557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/261558"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=261557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=261557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=261557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}