Mortgage rates continue to move lower. According to Freddie Mac, the national average 30-year fixed mortgage rate fell eight basis points this week to 6.19% — 35 basis points lower than it was one year ago. The 15-year rate is also down by eight basis points to 5.44%, more than a quarter point lower than last October. “Mortgage rates continued to trend down this week, hitting their lowest level in over a year,” said Sam Khater, Freddie Mac’s chief economist. “At the start of 2025, the 30-year fixed-rate m ...