Mortgage rates today remain largely unchanged, offering some stability for homebuyers navigating a shifting real estate landscape. With the average 30-year fixed rate at 6.125% and signs of renewed market activity, buyers may want to watch closely for opportunities this fall.
Current mortgage rate benchmarks
As of October 1, 2025, Zillow Home Loans reports the following national average mortgage rates:
- 30-year fixed: 6.125% (APR 6.291%)
- 15-year fixed: 5.375% (APR 5.675%)
- 30-year FHA: 5.875% (APR 6.555%)
- 30-year VA: 6.000% (APR 6.303%)
- 7-year ARM: 6.375%
Buyers with strong credit and larger down payments are still seeing slightly better offers, but rates continue to hover near the 5%–6% range across most loan types.
Year-over-year changes and housing market trends
According to Nationwide, UK housing prices—a helpful international benchmark—rose 2.2% annually in September. More locally, experts say housing activity in the U.S. could strengthen gradually as borrowing conditions stabilize.
The key takeaways from recent trends:
- Rates are lower than they were one year ago, when the 30-year fixed topped 7%.
- The Federal Reserve has cut interest rates five times in the past year.
- However, sticky inflation and high bond yields may limit further declines.
What’s driving the market now?
Several factors are influencing mortgage rates this week:
- Federal Reserve policy: Future rate cuts are on hold as inflation data remains mixed.
- Bond market movement: Gilt and Treasury yields are keeping mortgage rates elevated.
- Housing inventory: A slight increase in listings is giving buyers more choices without putting downward pressure on prices—yet.
Tips to get the best rate
Want to lower your mortgage rate? Focus on these key areas:
- Boost your credit score: Higher scores typically unlock lower rates.
- Increase your down payment: More upfront cash means less risk for lenders.
- Lower your debt-to-income ratio: Lenders want to see you can manage payments comfortably.
Should you lock in now or wait?
If you’re planning to buy this fall, locking in now could help you avoid volatility. Rates have shown stability over the past few weeks, but experts warn they may tick upward again if inflation worsens or Fed signals shift.