Mortgage rates held steady on October 2, 2025, with both 30-year and 15-year fixed-rate loans remaining unchanged. The average rate for a 30-year fixed mortgage stayed at 7.51%, while the 15-year fixed loan held firm at 6.81%. While these rates are high compared to recent years, experts expect continued fluctuations as the Federal Reserve evaluates economic data, especially inflation and employment numbers.
Though mortgage rates are not currently rising, they remain elevated enough to affect affordability for new buyers and refinancing activity. Lenders are still assessing risk cautiously, contributing to a more competitive lending environment. Borrowers are being advised to lock in rates soon if they find financing that meets their needs, especially given ongoing market uncertainty.
For those involved in Arizona real estate investing, understanding national mortgage trends remains critical. While elevated mortgage rates could temper short-term demand, Arizona continues to attract out-of-state migration and investor interest due to its economic growth and desirable climate. Strategic investors can find opportunity by focusing on rental properties and alternative financing strategies across thriving markets in the state. Learn more about trends and opportunities in Arizona by visiting the Arizona real estate investing site.
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