{"id":435,"date":"2025-10-27T09:00:47","date_gmt":"2025-10-27T10:00:47","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=435"},"modified":"2025-10-27T12:14:35","modified_gmt":"2025-10-27T12:14:35","slug":"mortgage-rates-today-october-27-2025-rates-stand-still","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/10\/27\/mortgage-rates-today-october-27-2025-rates-stand-still\/","title":{"rendered":"Mortgage Rates Today: October 27, 2025 \u2013 Rates Stand Still"},"content":{"rendered":"

Currently, the average interest rate<\/a><\/span> on a 30-year fixed mortgage is 6.25%<\/strong>, compared to 6.27% a week ago, according to the Mortgage Research Center.<\/p>\n

For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 5.30%<\/strong>, down 0.45% from the previous week.<\/p>\n

Homeowners who want to lock in a lower rate by refinancing should compare their existing mortgage rate with current <\/a><\/span>market <\/a><\/span>rates<\/a><\/span> to make sure it’s worth the cost to refinance.<\/p>\n

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30-Year Mortgage Rates Drop 0.27%<\/h2>\n

Today’s 30-year mortgage\u2014the most popular mortgage product\u2014is 6.25%, down 0.27% from a week earlier.<\/p>\n

The interest rate is just one fee included in your mortgage. You’ll also pay lender fees, which differ from lender to lender. Both interest rate and lender fees are captured in the APR<\/a><\/span>. This week the APR on a 30-year fixed-rate mortgage is 6.28%. Last week, the APR was 6.29%.<\/p>\n

Let’s say your home loan is $100,000 and you have a 30-year, fixed-rate mortgage with the current rate of 6.25%, your monthly payment will be about $616, including principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a><\/span> shows. That’s around $122,314 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Rates Drop 0.45%<\/h2>\n

The average interest rate on a 15-year mortgage<\/a><\/span> (fixed-rate) declined to 5.3%. This same time last week, the 15-year fixed-rate mortgage was at 5.33%.<\/p>\n

On a 15-year fixed, the APR is 5.35%. Last week it was 5.38%.<\/p>\n

A 15-year fixed-rate mortgage of $100,000 with today’s interest rate of 5.3% will cost $807 per month in principal and interest. Over the life of the loan, you would pay $45,675 in total interest.<\/p>\n

Jumbo Mortgage Rates Drop 0.26%<\/h2>\n

The current average interest rate on a 30-year, fixed-rate jumbo mortgage (a mortgage above 2025’s conforming loan limit of $806,500 in most areas) is 6.61%\u20140.26% lower than last week.<\/p>\n

A 30-year jumbo mortgage at today’s fixed interest rate of 6.61% will cost you $639 per month in principal and interest per $100,000. That adds up to around $130,488 in total interest over the life of the loan.<\/p>\n

Trends in Mortgage Rates for 2025<\/h2>\n

After reaching highs in 2024, the average 30-year fixed mortgage rate has remained in the mid-to-high 6% range since late January 2025. The 15-year fixed mortgage rate has hovered between the low-6% and mid-to-high-5% range.<\/p>\n

While interest rates have fallen since mid-January 2025, experts expect them to remain relatively steady for the remainder of the year. If the Federal Reserve continues to cut the federal funds rate, it\u2019s possible that mortgage rates will decrease in 2026.<\/p>\n

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When Can I Expect Mortgage Rates To Drop?<\/h2>\n

Mortgage rates are influenced by various economic factors, making it difficult to predict when they will drop<\/a><\/span>.<\/p>\n

Mortgage rates follow U.S. Treasury bond yields. When bond yields decrease, mortgage rates generally follow suit.<\/p>\n

The Federal Reserve’s decisions and global events also play a key role in shaping mortgage rates. If inflation rises or the economy slows, the Fed may lower its federal funds rate. For example, during the Covid-19 pandemic, the Fed reduced rates, which drove interest rates to record lows.<\/p>\n

A significant drop in mortgage rates seems unlikely in the near future. However, they may decline if inflation eases or the economy weakens.<\/p>\n

How To Calculate Mortgage Payments<\/h2>\n

Before you look for a house, you should get to know your budget. This will give you an idea of the type of house you can afford. Start by using a mortgage calculator to get a rough estimate.<\/p>\n

Simply input the following information:<\/p>\n