Mortgage Rates – October 14, 2025
Mortgage rates on average have been lower than a week ago, however, a tick higher than Friday. The markets reeled Friday after a post from President Trump regarding tariff policy in China sent markets tumbling to the tune of 2 trillion dollars in a single day. He walked back these remarks over the weekend which sent markets rebounding, gaining back some of the losses from Friday.
More drama today as alarm bells are sounding once again over trade tensions with China. As of writing, the Dow has fallen 500 points and the 10 year treasury yield briefly fell below 4% as investors are purchasing bonds as a safe haven for their money should a trade war amplify. This is typically a good sign for mortgage rates falling, however, the situation is turbulent and is certain to change as the day and week progresses.
In addition, we are still in a government shutdown which looks to be locked in a stalemate for the time being. Short shutdowns historically have not caused massive swings in the markets, however, a longer closure may test that.
Look for additional data this week, including the Consumer Price Index data on Wednesday and Retail sales data Thursday.
| Source | 15 Year Fixed | 30 Year Fixed |
|---|---|---|
| IcanBuy | 5.40 | 6.34 |
| Bankrate | 5.68 | 6.40 |
| Mortgage News Daily | 5.84 | 6.32 |
| Average | 5.64 | 6.3533333333333 |
*Actual rates available with your lender may vary.
