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September 19, 2025

30-year mortgage rate dips to lowest level since October

By ALEX VEIGA
AP Business Writer

The average rate on a 30-year U.S. mortgage fell again this week, echoing a decline in long-term U.S. Treasury bond yields ahead of the Federal Reserve's first rate cut this year.

The rate eased to 6.26% from 6.35% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.09%.


 
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