Mortgage Rates Are At Their Lowest Level in a Year

If you’ve been watching mortgage rates this year, you’ve seen a story of steady ups and downs. Starting the year out above 7%, rates have been trending lower, offering a bit of relief to buyers who’ve been waiting for the right moment.

The average 30-year mortgage rate has fallen from 6.35% last week to 6.26%.

To put this rate into perspective, according to the most recent projections as of September 10, 2025 (which is explained in detail in our September 2025 Real Estate Market Update), projections are calling for higher rates in quarter 3 and beyond. While these projections may be adjusted in the coming weeks, the outlook suggests rates may not remain this low for long.

Bottom Line

Lower rates can increase affordability and make a big difference in monthly payments.