Mortgage Rates Today, October 17, 2025: Rates Still Falling
Mortgage rates have been falling since the start of this month. The average 30-year fixed rate mortgage was 6.29% yesterday, with the 15-year fixed mortgage rate at 5.34%, and the 30-year FHA mortgage at 5.56% after a 0.02% drop.
The 30-year jumbo mortgage rate was 6.64%, reflecting a 0.01% increase. According to Freddie Mac, mortgage rates have held relatively steady over the past several weeks.
Mortgage rates inched down this week and have held relatively steady over the past several weeks. Importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with increased housing inventory and slower house price growth, these rates are also creating a more favorable environment for those looking to buy a home.
Said by Sam Khater, chief economist at Freddie Mac. The weekly average rate for a 30-year fixed-rate mortgage was 6.
Author's summary: Mortgage rates are still falling, creating a favorable environment for homebuyers.