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September 5, 2025

Average rate on a 30-year mortgage drops to 6.5%

By ALEX VEIGA
AP Business Writer

The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power.

The long-term rate eased to 6.5% from 6.56% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.35%.


 
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