Mortgage Interest Rates Drop to 6.27%: Why the Fed’s Rate Cut Isn’t Working Magic (Yet)
U.S. 30-year fixed mortgage interest rates slipped to 6.27% this week, offering slight relief; yet, the rate remains high, driven not by the Fed’s short-term cuts but by a widening risk spread tied to quantitative tightening. As of October 16, 2025, the average 30-year fixed mortgage interest rate dropped for the second consecutive week, settling … Read more