Mortgage Rates Today, October 15, 2025
Federal Reserve Chair Jerome Powell warned markets that future rate cuts are dependent on economic data.
- Average 30-year fixed rate mortgage: 6.28%
- 15-year fixed mortgage rate: 5.34%
- 30-year FHA mortgage: 5.63%
- 30-year jumbo mortgage rate: 6.63%
"There is no risk-free path for policy as we navigate the tension between our employment and inflation goals,"
said Powell, emphasizing that rate cuts will only occur if supported by economic data.
Author's summary: Mortgage rates decrease slightly.