In Late October 2025, 30 Year Conventional Mortgage is at Lowest Rate in 1 Year | Northern Virginia Real Estate Market

IN LATE OCTOBER 2025, THE 30 YEAR CONVENTIONAL FIXED MORTGAGE IS AT THE LOWEST RATE IN 1 YEAR.

When asking the question, "How is the Northern Virginia Real Estate Market?", part of the answer is to consider the current and future trend of mortgage interest rates.

➡️ As of October 23, Freddie Mac's weekly mortgage rate survey had the 30 Year Conventional Mortgage Rate at 6.19%, which is the lowest level since early October 2024.

➡️ The 30 Year Conventional Mortgage Rate has dropped about 0.50% since mid-Summer 2025. In late September, the 30 Year Fixed Rate weekly average was 6.26%. The weekly average in late August was 6.56%.

➡️ The current rate is nearing lowest level in the last 3 years (6.08% in late September 2024 & 6.09% in early February 2023).

Due to the Government Shutdown, Fannie Mae did not make a monthly projection in September for the 30-Year Conventional Mortgage Rate for the remainder of 2025 and through 2026.

For for my most recent deep dive Northern Virginia Real Estate Market Update, check out this link:

Early October 2025 NoVA Real Estate Market Update.

Prior market updates are at the following links:

• Mid-September 2025 NoVA Real Estate Market Update;

• Late August 2025 NoVA Real Estate Market Update;

• Mid-August 2025 NoVA Real Estate Market Update;

• Mid-July 2025 NoVA Real Estate Market Update;

• Early July 2025 NoVA Real Estate Market Update;

• Late June 2025 NoVA Real Estate Market Update;

• Mid-June 2025 NoVA Real Estate Market Update;

• Early June 2025 NoVA Real Estate Market Update; &

• Late May 2025 NoVA Real Estate Market Update.

See more market news, insight, & analysis on my "How's the Market?" Blog at bellacasapartners.com/marketnews.