The average 30-year fixed mortgage rate fell to 6.06 percent this week, down from 6.16 percent last week and the lowest level since September 2022, according to Freddie Mac. A year ago, the 30-year fixed rate averaged 7.04 percent.

The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.

MCLEAN, Va. -- The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%.

Auto loans can be a huge expense — the average American with a new car paid $748 per month, while the owner of a used car paid $532 per month in the third quarter of 2025, according to Experian. Alongside rising auto insurance premiums, the costs of owning a car have ballooned.

Mortgage rates fell this week to their lowest average in more than three years. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order ...

As interest rates fall, it helps to know what a good mortgage refinance interest rate is considered to be right now.