{"id":127186,"date":"2025-08-07T20:03:11","date_gmt":"2025-08-07T20:03:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/127186\/"},"modified":"2025-08-07T20:03:11","modified_gmt":"2025-08-07T20:03:11","slug":"average-rate-on-a-30-year-mortgage-drops-to-lowest-level-since-april","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/127186\/","title":{"rendered":"Average rate on a 30-year mortgage drops to lowest level since April"},"content":{"rendered":"

MCLEAN, Va. — The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs.<\/p>\n

The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.47%.<\/p>\n

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate dropped to 5.75% from 5.85% last week. A year ago, it was 5.63%, Freddie Mac said.<\/p>\n

Elevated mortgage rates have helped keep the U.S. housing market in a sales slump that began in early 2022, when rates started to climb from the rock-bottom lows they reached during the pandemic. Home sales sank last year<\/a> to their lowest level in nearly 30 years.<\/p>\n

For much of 2025, the average long-term mortgage rate has remained relatively close to the 7.04% high for this year that it reached in mid-January. <\/p>\n

The latest average rate on a 30-year mortgage is now just shy of 6.62%, the low point for this year set April 10.<\/p>\n","protected":false},"excerpt":{"rendered":"MCLEAN, Va. — The average rate on a 30-year U.S. mortgage has fallen to its lowest level in…\n","protected":false},"author":3,"featured_media":127187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[77894,347,64,79,32555,67,132,68],"class_list":{"0":"post-127186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-77894","9":"tag-article","10":"tag-business","11":"tag-economy","12":"tag-mortgages","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114989275759607268","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/127186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=127186"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/127186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/127187"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=127186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=127186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=127186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}