The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.

The average 30-year mortgage rate fell to 6.19% from 6.27% last week. Rates are now at their lowest point since October 2024. A year ago, the average long-term rate was 6.54%. Mortgage rates are influenced by the Fed’s policies and economic outlook.

The Fed is widely expected to deliver a quarter-point cut at its Dec. 9-10 meeting, with futures markets putting the odds near 90% according to Reuters, which would ...

The average rate on a 30-year U.S. mortgage fell again this week, slipping close to its low point so far this year.

Explore current mortgage rates and what they mean for homebuyers.

Long-term U.S. mortgage rates were flat to lower this week. The benchmark 30-year rate marked its fourth decline in the past five weeks. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.55 percent, down from ...

The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields. The average long-term mortgage rate fell to 6.23% from 6.