Homebuyers and owners wake up on Halloween to little movement in the mortgage market, with 30-year conventional rates nudging to 6.155%—barely four basis points up from the prior day. Jumbo loan shoppers saw a bump to 6.425%, while those eyeing FHA, VA, and USDA deals enjoyed a drop: FHA landed at 6.014%, VA at a comforting 5.731%, and USDA at 6.028%.
The 15-year conventional sits just above five percent at 5.415%. Compared to last week, rates are steady, down from their late-summer highs. For borrowers, the takeaway is calm—no spooks, no spikes, just a pause as lenders and shoppers wait for the next big shift.
Today's National Mortgage Rate Averages (Oct 31, 2025)
Current Mortgage Rates - October 31, 2025
Based on solid credit and sizable equity/deposits. Rates subject to change.
| Loan Type | Interest Rate | Change | Est. Payment* |
|---|---|---|---|
| 30-Year Conventional | 6.155% | +0.04% | $616/mo |
| 30-Year Jumbo | 6.425% | +0.08% | $643/mo |
| 30-Year FHA | 6.014% | -0.05% | $603/mo |
| 30-Year VA | 5.731% | -0.12% | $576/mo |
| 30-Year USDA | 6.028% | -0.03% | $605/mo |
| 15-Year Conventional | 5.415% | Flat | $738/mo |
📊 Market Snapshot: Today's rates reflect a calm market pause. Compare rates from multiple lenders to ensure you're getting the best deal available.
Behind the Scenes: What Lenders Want to See
Credit Score Requirements
Debt-to-Income Ratio (DTI)
DTI = Total monthly debt ÷ Gross monthly income
Behind the scenes, lenders still urge buyers to bring their best credit scores and keep debt-to-income ratios low. Blue Water Mortgage confirms top-tier rates go to applicants with a 740+ score, while FHA opens doors for buyers with scores as low as 580. Experts recommend a DTI below 36% for the best offers, but up to 43% can still get approved.
Compare, Compare, Compare: Your Path to Savings
Shopping with banks, credit unions, and online lenders remains the fastest way to save. Freddie Mac's data shows savvy shoppers can bank $600 to $1,200 a year just by weighing multiple quotes.
Banks
Traditional lenders with local branches and personal service. Often competitive on rates.
Credit Unions
Member-owned institutions often offer lower rates and fees. Check membership eligibility.
Online Lenders
Digital platforms with fast processes and competitive rates. No branch visits needed.
Shopping Checklist:
What's Next? Rate Trends to Watch
📊 Job Reports
Monthly employment data influences Fed policy and mortgage rates. Strong job growth can push rates up; weak numbers may lower them.
Next: November 1, 2025
🏦 Fed Announcements
Federal Reserve rate decisions and guidance directly impact mortgage rates. Watch for FOMC meetings and policy shifts.
Next: November 5-6, 2025
📈 Inflation Data
CPI and inflation reports shape Fed expectations and market sentiment. Higher inflation typically pushes rates up.
Next: November 12, 2025
Rate trends will now bounce on job reports, Fed hints, and shifting demand. For now, those locking a rate today enjoy a moment's peace before lenders stir the pot once more.
Lock In Today's Rates Before They Change
Rates are steady today, but that could change tomorrow. Get quotes from multiple lenders and lock in your rate now.
Get Your Rate Quote Now →Frequently Asked Questions
Key Takeaways
30-year conventional rates hold steady at 6.155% on Halloween
FHA, VA, and USDA loans all saw slight drops today
Jumbo loans saw a minor bump to 6.425%
Credit scores of 740+ qualify for the best rates
Keep your DTI below 36% for optimal loan terms
Comparing lenders can save $600-$1,200 per year
Job reports and Fed announcements drive future rate movements
Today's calm market is a good time to lock in rates
Don't Miss Today's Opportunity
With rates holding steady and the market calm, now is the perfect time to get prequalified and compare rates. Lock in your rate before the next market shift.
Get Pre-Approved & Lock Your Rate →About James Mitchell
James Mitchell is a Mortgage Rate Analyst with 15+ years of experience tracking market trends and helping consumers understand daily rate movements. He specializes in breaking down complex economic data into actionable insights for homebuyers and refinancers. James is passionate about empowering people to make informed decisions about their mortgages.
📍 Rate Analyst | Market Tracker | Consumer Advocate