39 | Friday, September 19, 2025Average rate on a 30-year mortgage falls again, dips to lowest level since early October The Associated Press Print | Front Page | Email this story To:From:Message:From (email):Message:The average rate on a 30-year U.S. mortgage fell again this week, echoing a decline in long-term U.S. Treasury bond yields ahead of the Federal Reserve's first rate cut this year. The rate eased to 6.26% from 6.35% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates have been mostly declining since late July amid expectations that Fed would cut rates for the first time since last year. The average rate on a 30-year mortgage is now at its lowest level since Oct. 3, when it was 6.12%. The late-summer slide in mortgage rates has been a welcome trend for the housing market, which has been in a slump since 2022, when mortgage rates began climbing from historic lows.