The average rate on a 30-year U.S. mortgage was 6.24% as reported by Freddie Mac on 2025-11-13.
November 13, 2025
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temporal
Weekly average mortgage rate published by Freddie Mac.
Freddie Mac reported that the average 30-year U.S. mortgage rate was 6.19% on 2025-10-23, down from 6.27% the prior week and 6.54% on the same date in 2024.
October 23, 2025
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temporal
Weekly mortgage rate survey published by Freddie Mac; provides short-term and year-ago comparisons.
A 15-year mortgage typically has higher monthly principal-and-interest payments than a 30-year mortgage for the same loan amount, but it pays off the loan in about half the time and generally results in substantially lower total interest paid over the life of the loan.
October 06, 2025
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temporal
Comparison of common fixed-rate mortgage term lengths and their typical financial trade-offs.
The average rate on a 30-year mortgage has been above 6% continuously since September 2022.
September 01, 2022
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temporal
Multi-year threshold indicating elevated mortgage rate environment beginning in 2022.
A 30-year mortgage term is the conventional standard for residential mortgage loans in many housing markets.
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descriptive
Common mortgage-term baseline used in comparisons of loan structures
Spreading mortgage repayment over a longer term (for example, 50 years instead of 30 years) typically lowers monthly principal-and-interest payments but increases the total interest paid over the life of the loan.
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financial
Trade-off between monthly affordability and lifetime financing cost