US mortgage rates dip to lowest since October, 30-year loans fall to 6.26%; refinancing demand surges
The average rate on a 30-year US mortgage fell again this week, reaching 6.26%, marking the lowest level since early October, amid a decline in long-term Treasury yields and the Federal Reserve’s first rate cut of 2025, mortgage buyer Freddie Mac said Thursday. Last week, the rate was 6.35%, and a year ago it averaged…