Mortgage Rates Dip Slightly as October Ends: What Homebuyers and Investors Need to Know
Mortgage rates have inched downward to close out the week of October 28, 2025, offering a modest reprieve to prospective homebuyers. The average rate for a 30-year fixed mortgage sits at 7.94%, while 15-year fixed-rate mortgages are averaging 7.23%. Adjustable-rate mortgages, such as the 5/1 ARM, are seeing average rates around 6.84%. Although rates remain…