On Tuesday, HousingWire’s Mortgage Rates Center, which tracks locked loans, showed that 30-year conforming loan locks averaged 6.34% — just one basis point (bps) higher than a week ago but 11 bps lower than two weeks prior. But in 2025, higher rates, trade-war concerns and the Federal Reserve’s wait-and-see approach kept borrowers on the sidelines. “October should be the best funding month of the year,” said Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG). The rates trendLogan Mohtashami, Lead Analyst at HousingWire, said that “the last eight-weeks have been the best eight-week period in 2025” from a purchase applications perspective, since mortgage rates fell from 6.64% toward 6%. “Mortgage rates are 0.39% better this year because of spreads on average,” Mohtashami added.