U.S. average 30-year mortgage falls to 6.17%
Freddie Mac reported Thursday, Oct. 30, that the average 30‑year fixed mortgage rate dropped to 6.17%, its fourth straight weekly decline and lowest level since Oct. 3, 2024; the 15‑year average fell to 5.41%. The agency noted rates typically follow the 10‑year Treasury yield, and the drop boosts purchasing power for buyers and refinancing prospects for homeowners, including in the Twin Cities housing market.
Business & Economy
Housing
📌 Key Facts
- 30-year fixed average: 6.17% (down from 6.19% last week; 6.72% a year ago)
- 15-year fixed average: 5.41% (down from 5.44% last week; 5.99% a year ago)
- Lowest average since Oct. 3, 2024; rates generally track the 10-year Treasury yield