30-year mortgage rate falls to 6.19%
Freddie Mac's weekly survey on Thursday, Dec. 4, reported the average U.S. 30-year fixed mortgage rate dipped to 6.19%, near its low for 2025. The move could modestly improve affordability for Minneapolis-Saint Paul buyers and refinancing prospects for some homeowners as the housing market heads into winter.
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📊 Relevant Data
The Federal Reserve cut its benchmark interest rate by 25 basis points on October 29, 2025, lowering the target range to 3.75% - 4.00%. ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx)) ([Citizens Bank](https://www.citizensbank.com/learning/fed-interest-rate-cut-impacts.aspx))
What the October 2025 Fed Rate Cut Means for You — Citizens Bank
The US inflation rate was 3.0% for the 12 months ending September 2025. ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm))
Consumer Price Index Summary - 2025 M09 Results — Bureau of Labor Statistics
The US unemployment rate was 4.4% in September 2025. ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf)) ([Bureau of Labor Statistics](https://www.bls.gov/news.release/pdf/empsit.pdf))
The Employment Situation - September 2025 — Bureau of Labor Statistics
The average 30-year fixed mortgage rate in 2025 hovered near 6.7%. ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart)) ([The Mortgage Reports](https://themortgagereports.com/61853/30-year-mortgage-rates-chart))
Mortgage Rate History | Chart & Trends Over Time 2025 — The Mortgage Reports
In the Twin Cities metro area, the median home price increased 2.1% to $389,900 in October 2025. ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report)) ([Minnesota Realtors](https://www.mnrealtor.com/blogs/mnr-news1/2025/11/17/october-2025-housing-market-report))
October 2025 Housing Market Report — Minnesota Realtors
📌 Key Facts
- Freddie Mac reports the 30-year fixed average at 6.19%
- Report date: Dec. 4, 2025 (weekly Primary Mortgage Market Survey)
- Level is near the year’s low, easing borrowing costs for Twin Cities households
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