The average interest rate for 30-year fixed-rate mortgages with conforming loan balances up to $766,550 in the United States decreased to 6.61% for the week ending April 4, 2025, marking the lowest rate since mid-October, according to the Mortgage Bankers Association. This is a decline from 6.7% in the prior week and compares with a rate of 7.01% at the same time last year.