Mortgage Rates Drop to 6.27% as Tariffs and Shutdown Cloud Outlook

Mortgage Rates Drop to 6.27% as Tariffs and Shutdown Cloud Outlook

Freddie Mac Mortgage Rates—Oct. 16, 2025 What happened to mortgage rates this week The Freddie Mac 30-year mortgage rate declined 3 basis points to 6.27% this week as investors continued to assess developments in the new tariffs on China. Meanwhile, the government shutdown has entered its 16th day, creating an economic data drought. On Tuesday
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