October 6, 2025 | Lowest Fixed Conventional Mortgage Rate at 4.75%

As of October 6, 2025, 15-Year Fixed Rate Purchase loans remain at 5.125%, unchanged over the past week but down 62.5 basis points compared to 30 days ago. Similarly, the 30-Year Fixed Rate Purchase loan holds steady at 5.75%, also flat week-over-week and lower by 62.5 basis points month-over-month. These stable yields suggest a consistent cost of borrowing for homebuyers seeking fixed-rate security.

For members prioritizing predictability, the 15-year fixed rate offers the lowest current yield, potentially reducing total interest paid over time despite higher monthly payments versus the 30-year term. First-time buyers and those managing long-term budgets should consider these options carefully. Given recent declines, evaluating refinancing opportunities may be prudent if closing costs and remaining loan duration justify the switch.

For details, visit https://www.affinityfcu.com/about-us/rates#:~:text=Mortgages,-Loan%20Type

As of October 6, 2025, the 30-Year 97% Purchase Fixed-Rate Conventional mortgage remains steady at 6.25%, unchanged from one week ago. This represents a significant decline of 50 basis points compared to 30 days prior, indicating a favorable shift in borrowing costs for homebuyers. For first-time purchasers aiming for high loan-to-value financing, this reduced yield spread may improve affordability and monthly payment stability. While rates have stabilized over the past week, prospective buyers should evaluate fixed-rate options if they prioritize predictable payments amid market fluctuations. Given the downward trend over the last month, members might consider locking in rates now or reviewing their mortgage strategy to optimize long-term cost efficiency. For details, visit https://www.affinityplus.org/rates/mortgage-rates.

As of October 6, 2025, 15 Year Fixed Purchase loans offer the lowest rate at 5.125%, down by 12.5 basis points from both one week and one month ago. This reduction in yield spreads lowers the cost of borrowing for members seeking shorter-term fixed options, benefiting those aiming to build equity faster with stable payments. Meanwhile, the 30 Year Fixed Purchase rate stands at 5.875%, also decreased by 12.5 basis points over the past week and a more significant 37.5 basis points compared to one month ago. This trend may encourage potential homebuyers or homeowners evaluating long-term affordability amid fluctuating market conditions. Members prioritizing payment predictability might consider these fixed-rate products, while assessing refinancing opportunities where interest savings exceed transaction costs remains prudent.

For details, visit https://www.bcu.org/legal/rates?ids=Loans%2cMortgages.

As of October 6, 2025, 15-Year Fixed Purchase mortgage rates have decreased by 12.5 basis points, now at 5.625%, marking the lowest rate among today’s options. This decline reduces the cost of borrowing for buyers prioritizing shorter loan terms and faster equity building. Meanwhile, the 30-Year Fixed Purchase rate remains stable at 6.0%, unchanged over the past week but down 12.5 basis points compared to 30 days ago. This stability benefits buyers seeking long-term payment predictability amid recent market fluctuations.

For members evaluating purchase strategies, the lower 15-Year Fixed rate may offer savings through reduced interest expense despite higher monthly payments; conversely, the steady 30-Year Fixed supports manageable monthly budgeting. Consider your financial goals carefully; those valuing rate certainty might favor fixed-rate products, while others should assess refinancing options if potential savings outweigh associated costs.

For details, visit https://www.eastrise.com/rates/mortgage/.

As of October 6, 2025, First Commonwealth reports stable mortgage rates for purchase loans in fixed-rate categories. The 15-year fixed purchase loan remains at 5.125% with 2.0 points, unchanged from both one and seven days ago. Similarly, the 30-year fixed purchase loan holds steady at 5.625% with 2.0 points, showing no movement over the past week. These unchanged rates suggest consistent yield spreads and borrowing costs in the short term.

For members prioritizing predictability, the 15-year fixed rate at 5.125% offers a lower interest burden compared to the 30-year option, potentially benefiting those aiming to minimize total interest paid over time. First-time buyers should weigh the affordability of monthly payments against long-term costs, while veterans and others may find value in evaluating alternative government-backed or adjustable options when available.

Given these stable conditions, members might consider locking in fixed-rate mortgages if they value rate certainty. Additionally, homeowners contemplating refinancing should analyze whether current rates align favorably with their existing terms to optimize long-term savings.

For details, visit https://www.firstcomcu.org/rates/homeloans.html.

As of October 6, 2025, 15-year fixed purchase loans offer the lowest rate at 4.75% with 2.125 points, reflecting a 12.5 basis point decrease compared to one week ago. Similarly, the 30-year fixed purchase loan stands at 5.75% with the same points, also down by 12.5 basis points over seven days. These declines in yield spreads reduce the overall cost of borrowing, benefiting members seeking long-term financing stability. For first-time buyers and those prioritizing predictable payments, the 15-year fixed option provides a lower rate, potentially accelerating equity building despite higher monthly payments. Meanwhile, the 30-year fixed term remains suitable for members needing lower monthly outflows but should be evaluated against projected interest trends. Members are advised to consider refinancing if current rate reductions translate into meaningful savings beyond refinancing expenses.

For details, visit https://hawaiistatefcu.com/personal/loans/home-loans/mortgage/#rates.

As of October 6, 2025, Navy Federal Credit Union reports a modest decline in mortgage rates for both Conventional Fixed Purchase loans. The 15-year fixed rate stands at 4.875% with a 0.25-point fee, down 12.5 basis points from last week and 25 basis points lower than 30 days ago. This reduction lowers borrowing costs for buyers seeking shorter-term financing, potentially enhancing affordability and equity buildup. Meanwhile, the 30-year fixed purchase rate is at 5.625% with a 0.25-point fee, reflecting a decrease of 12.5 basis points week-over-week and a notable 37.5 basis points decline over the past month. Longer-term borrowers may benefit from improved monthly payment stability and long-term budget planning.

Members evaluating home purchases should consider the impact of these tightening yields on overall loan costs; fixed-rate options remain advantageous for those prioritizing predictable payments amid fluctuating market conditions. For members contemplating refinancing, these downward trends suggest reviewing current terms against prevailing rates to assess potential savings.

For details, visit https://www.navyfederal.org/loans-cards/mortgage/mortgage-rates.html.

As of October 6, 2025, mortgage rates for Newport News Shipbuilding Employees show a modest decline in borrowing costs. The 15-Year Fixed Purchase rate stands at 5.875%, down 12.5 basis points from last week and also 12.5 basis points lower than 30 days ago, representing the lowest available rate today. Meanwhile, the 30-Year Fixed Purchase rate is at 6.375%, reflecting a decrease of 12.5 basis points over the past week and a more significant drop of 25 basis points compared to one month prior.

For members prioritizing predictability, the reduced rates on fixed terms may improve affordability on new home purchases or refinancing plans. First-time buyers could benefit from locking in these rates to manage long-term payments; those considering refinancing should evaluate if the rate reductions offset transaction costs.

In this environment, members are encouraged to assess their mortgage strategies with an emphasis on current yield spreads and potential savings from fixed-rate options.

For details, visit https://www.bayportcu.org/rates/#:~:text=Apply%20now-,MORTGAGE%20RATES,-Fixed%20Rate%20Mortgages.

As of October 6, 2025, the 15-Year Conforming Fixed Purchase mortgage rate stands at 5.0%, down 12.5 basis points from one week ago and also 12.5 basis points lower than 30 days prior. This decrease in yield reduces the cost of borrowing for borrowers seeking shorter-term fixed loans, benefiting those aiming to build equity faster with lower interest expenses. Meanwhile, the 30-Year Conforming Fixed Purchase rate remains steady at 5.875%, unchanged over the past week but improved by 25 basis points compared to one month ago, offering long-term stability with a moderate decline in monthly payments for buyers locking in extended financing.

Members considering purchase loans should evaluate these trends carefully; the declining rates on shorter terms may appeal to buyers focused on minimizing total interest, while the stable 30-year rate offers predictable payments amid recent volatility. For informed decisions, consider your financial horizon and whether locking a fixed rate aligns with your mortgage strategy.

For details, visit https://nuvisionfederal.com/lending/mortgage/rates.

As of October 6, 2025, ST. MARY'S BANK reports that rates for New Hampshire-only 15-Year Fixed Purchase loans have decreased by 12.5 basis points, settling at 6.00% from last week’s 6.125%. Similarly, the 30-Year Fixed Purchase loans rate also declined by 12.5 basis points to a matching 6.00%. These reductions reflect a modest easing in borrowing costs compared to seven days ago, potentially lowering monthly payments for homebuyers locking in fixed terms.

For first-time buyers and those prioritizing long-term stability, the consistent rate drop across both 15- and 30-year fixed products may improve affordability and budgeting certainty. Given these trends, members should consider fixed-rate options if they value predictability or evaluate refinancing opportunities where a rate reduction exceeds associated costs.

For details, visit https://www.stmarysbank.com/rates/mortgage-rates.

As of October 6, 2025, mortgage rates have shown a slight decrease. The 15-Year Fixed Rate Jumbo is now at 6.172%, down by 2 basis points from yesterday and stable over the past week. Meanwhile, the 30-Year Fixed Rate Jumbo stands at 6.322%, with a minor decline of 1 basis point in the last day and a more significant drop of 8 basis points over the past week. Borrowers may find favorable conditions as these rates provide opportunities for lower borrowing costs, particularly with the current lowest rate available for the 15-Year Fixed Rate Jumbo. Monitoring these trends can aid in making informed financing decisions.

Inflation expectations, indicated by the Breakeven Inflation Rates, are closely tied to mortgage rates and borrowing costs. The 10-Year Breakeven Rate stands at 2.330%, while the 5-Year Rate is slightly higher at 2.380%, suggesting stable inflation outlooks. However, mortgage rates have seen significant declines; notably, the Mortgage 30Yr Jumbo Average Rates dropped by 6.59 points today, now averaging 6.593%, which is one of the steepest declines observed across various periods. Borrowers may benefit from these lower rates, particularly with the lowest recorded mortgage rate being for the 15-Year Average Rates at 5.550%. Monitoring these trends can aid in making informed financing decisions.

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