Skip to Main Content Back to Main Website
Back to Main Website

Your Legacy,
Our Future

Planned Giving is essential to the mission of the Diocese of Toledo, providing long-term financial stability and ensuring the continuation of its ministries. Through thoughtful estate planning, donors can leave a lasting legacy that supports parishes, schools, charitable programs, and faith initiatives for generations to come. These gifts help sustain vital outreach efforts, educational opportunities, and pastoral care, reinforcing the Diocese's commitment to serving the spiritual and material needs of its community. By including the Diocese in their estate plans, donors become stewards of faith for the future by fostering Holy Disciples, Holy Families, Holy Vocations. Learn About Ways to Give

Giving Home > Giving News > Finance News > Mortgage Rates Continue to Decline

Mortgage Rates Continue to Decline

Published October 24, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, October 23. The survey showed mortgage rates dropping for the third week in a row.

This week, the 30-year fixed rate mortgage averaged 6.19%, down from last week’s average of 6.27%. Last year at this time, the 30-year fixed rate mortgage averaged 6.54%.

The 15-year fixed rate mortgage averaged 5.44% this week, down from last week’s 5.52%. During the same week last year, the 15-year fixed rate mortgage averaged 5.71%.

“Mortgage rates continued to trend down this week, hitting their lowest level in over a year,” said Freddie Mac’s Chief Economist, Sam Khater. “At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower. This dynamic has kept refinancings high, accounting for more than half of all mortgage activity for the sixth consecutive week.”

Based on published national averages, the savings rate was 0.40% as of 10/20. The one-year CD averaged 1.68%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.