Average US long-term mortgage rate edges higher but remains near 2025 low

The average rate on a 30-year U.S.mortgage edged higher this week to just above its 2025 low.

The average long-term mortgage rate rose to 6.16%, mortgage buyer Freddie Mac said Thursday.That’s up slightly from 6.15% last week, when the average rate dropped to its lowest level since October 3, 2024.

One year ago, the rate averaged 6.93%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week to 5.46% from 5.44% the previous week.A year ago it averaged 6.14%, Freddie Mac said.Popular ReadsUS experienced nearly two dozen billion-dollar weather and climate disasters in 2025Jan 8, 12:58 PMMan extradited from Cambodia to China suspected of running online criminal empireJan 8, 7:55 AMProtests in Iran sparked by economic woes now nationwide, activists sayJan 8, 4:56 AMMortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation.

They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.The 10-year yield was at 4.17% at midday Thursday....