Decrease in the Average Rate for a 30-Year Mortgage Positively Impacts the Market

• The average rate for a 30-year mortgage has decreased to 6.63%.
• The rate for 15-year loans has also decreased to 5.75%.
• High rates have contributed to a decrease in home sales in the USA.

The average rate for a 30-year mortgage in the USA has fallen to its lowest level in the last four months, which has become a positive piece of news for potential home buyers. Currently, the rate stands at 6.63%, down from 6.72% last week, according to data from Freddie Mac.

The rate for 15-year mortgages has also decreased to 5.75% from 5.85% last week. This year, the average rate for these loans was 5.63%.

High rates for mortgages have contributed to a decline in home sales in the USA, which began at the start of 2022 when rates started to rise from record lows achieved during the pandemic. Home sales last year fell to their lowest level in more than 30 years.

Throughout most of 2025, the average long-term rate for mortgages remained close to the maximum of this year at 7.04%, reached in mid-January. Currently, the average rate for a 30-year mortgage is slightly lower at 6.62%, which is the lowest indicator of this year, established on February 10.

Tags: USA/Economy