Mortgage Rates Fluctuate Amid Economic Uncertainty in Late October 2025

Mortgage rates have slightly decreased, with the 30-year fixed mortgage now averaging 6.17%, which is over half a point lower than a year ago. Refinance rates are also slightly lower, and various mortgage options and strategies are discussed to help borrowers find the best rates and terms. Economic factors primarily influence these rates, and borrowers are advised to shop around and consider their financial goals when refinancing.