Mortgage Rates Today – October 30, 2025

Mortgage Rates – October 30, 2025

Mortgage rates this week continue to hold steady following an expected 25 basis point cut at Wednesdays fed meeting. While many lenders pounce on advertising the new lower rates following the fed meeting, the reality is mortgage rates themselves did not drop a quarter percent overnight. Lenders were counting on this cut and had already lowered rates to match expectations prior.

The real magic of these fed meetings is the conversation following the rate announcement and this meeting was full of clues for where rates are headed through the end of the year. Prior to Wednesday most expected another rate cut in December, however, Fed Chair Jerome Powell noted that was not a foregone conclusion. Powell acknowledged “strongly differing views” on the matter. This is not surprising to some as  division has been growing among fed members over the last several months and a lack of reliable job data since the government shutdown has made it more difficult to judge the health of the US economy.