Housing professionals and consumers have reasons to celebrate this week as the 30-year fixed mortgage rate reached its lowest point of 2025. It’s a particularly interesting development given that the Federal Reserve has yet to cut benchmark rates this year, and mortgage rates could soon move even lower if some policymakers get their way.

On Tuesday, HousingWire’s Mortgage Rates Center showed that the average rate for 30-year conforming loans was 6.86%, down 5 basis points in the past week. Rates for 30-year loans through the Federal Housing Administration (FHA) were also down 5 bps to 6.55%, while details ⇒

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