FX.co ★ US Mortgage Rates Little Changed: MBA

In the week ending October 31, 2025, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $806,500) in the U.S. saw a slight increase, rising to 6.31% from the previous week's 6.3%—the lowest rate in over a year—according to the Mortgage Bankers Association (MBA). Concurrently, the volume of mortgage applications dropped by 1.9%, following a 7.1% increase in the prior week. Refinancing applications decreased by 2.8%, while applications for purchasing homes declined by 0.6%.