Mortgage Rates Reach Lowest Level in a Year: What to Know

October 23, 2025
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Mortgages rates have fallen to the lowest level they have been in a year with a 30-year fixed rate averaging just over 6%. NBC’s senior business correspondent Christine Romans joins TODAY to break down what you need to know about refinancing, the current state of the housing market as well as gas prices nearing $3 a gallon.



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