• 34ºc, Sunny

The U.S. 30-year mortgage rate hit 6.69 percent, falling to its lowest level since October

U.S. mortgage rates fell for the second straight week. Freddie Mac said in a statement Thursday that the average level for 30-year fixed-rate mortgages was 6.69 percent, the lowest since Oct. 24 and down from last week's 6.81 percent. Borrowing costs remain well above September levels and real relief from stress may be a long way off. Redfin Corp. expects 30-year mortgage rates to remain fairly close to 7 percent throughout 2025.