Mortgage Rates Decrease to Lowest Level in Over a Year | October 23, 2025
Mortgage rates continued to trend down this week, hitting their lowest level in over a year. At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower. This dynamic has kept re-financings high, accounting for more than half of all mortgage activity for the sixth consecutive week.
#callniecie to find out how the no change in rates can affect your home search
