The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.

Mortgage rates in the US have dropped to their lowest level of 2025 at 6.89% for a 30-year fixed-rate mortgage. Despite the decline, high rates still burden homeowners, consuming 33.5% of median household income for monthly payments.