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Mortgage Rates Inch Up Again

  • October 2nd 2025

by UrbanTurf Staff

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Mortgage rate chart_10-02-25.png

On Thursday, long-term mortgage rates rose slightly for the second week in a row. 

Freddie Mac reported 6.34% as the average on a 30-year mortgage on Thursday, up four basis points from last week. 

“The 30-year fixed-rate mortgage increased again this week but remains below its 52-week average of 6.71%,” said Sam Khater, Freddie Mac’s Chief Economist. “The last few months have brought lower rates and as indicated by the recently reported increase in pending home sales, homebuyers are feeling more confident to get into the market.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_inch_up_again/23928.

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