US Mortgage Rate Falls to 13-Month Low, Boosting Homebuyer Optimism
The US mortgage rate has just hit a notable milestone. The average contract rate on a 30-year fixed mortgage declined to 6.30% in the week ended October 24, 2025. This marks the lowest level in 13 months. We’re seeing momentum shift in borrowing-cost dynamics as inflation data and bond yields weaken. This drop matters because…