🏡 Mortgage Market Update – October 6, 2025

Mortgage rates have ticked upward after a recent run of declines, with the average 30-year fixed mortgage rate now at approximately 6.34 %. This small rise comes after weeks of rate softening, and reflects changing expectations around interest rates, inflation, and bond yields.

Refinance rates are also adjusting. The current 30-year fixed refinance rate is averaging around 6.47 %, suggesting that while some borrowers may still benefit, the window is narrowing.


What This Means for You

It’s still a decent environment — despite this uptick, rates are lower than many peaks we faced earlier this year. It’s a more predictable backdrop than the volatile swings of the first half of 2025.

Refinancing decisions are more nuanced now — if your existing mortgage rate is relatively high, the option to refinance still exists, but the cost/benefit margin is slimmer.

Watch for further policy moves — the market is closely anticipating future Fed decisions, and any signal from the Federal Reserve could push rates up or down.

Stay flexible and informed — now more than ever, timing and strategy matter. Whether you’re buying, refinancing, or reviewing your mortgage, it’s wise to align decisions with your long-term financial goals.

👉 Reach out today to explore your options — we’ll help you assess what makes sense in this shifting rate landscape and build a plan that works for you.