Washington, D.C., September 17, 2025 — Mortgage rates in the United States have dropped to their lowest level in three years, offering relief to homebuyers and boosting housing market activity.
According to Mortgage News Daily, the average rate on the 30-year fixed mortgage fell sharply on Tuesday, down 12 basis points from Monday to 6.13%. This marks the third consecutive week of declines and the lowest level since late 2022.
The White House credited the drop to President Donald J. Trump’s ongoing efforts to lower costs for American families. “This is yet another example of the administration delivering on its promise to make life more affordable,” a statement from the White House said.
Industry analysts suggest the decline comes as investors in mortgage-backed bonds anticipate a widely expected interest rate cut by the Federal Reserve.
Economists say the falling rates could encourage more buyers to enter the market, refinance existing loans, and provide a boost to the housing sector after months of sluggish activity.
