--- title: U.S. Mortgage Interest Rates Fall to Lowest Level Since June description: Average interest rates for U.S. 30-year, fixed-rate mortgage loans declined for the third straight week to 4.22 percent the first week of October. image: https://info.buyersbrokersonly.com/hs-fs/file-46360963-jpg/images/couple_laptop.jpg --- (978) 835-5906             [![Search Icon](https://info.buyersbrokersonly.com/hs-fs/hubfs/Search%20Icon.png?width=30&height=30&name=Search%20Icon.png)](https://info.buyersbrokersonly.com/search-results-page) [![Buyers Brokers Only, LLC – Real Estate Buyer Agents](https://info.buyersbrokersonly.com/hs-fs/hubfs/2023%20BBO%20Logo%20800x170.png?width=1600&height=340&name=2023%20BBO%20Logo%20800x170.png "Buyers Brokers Only, LLC – Real Estate Buyer Agents")](https://www.buyersbrokersonly.com/) # Massachusetts Home Buyer Guide ![smaller-dotted-line.png](https://cdn2.hubspot.net/hub/298849/file-263826832-jpg/true_gray_line_websites.jpg?width=1175&name=true_gray_line_websites.jpg "smaller-dotted-line.png") ## [U.S. Mortgage Interest Rates Fall to Lowest Level Since June](https://info.buyersbrokersonly.com/blog/bid/340387/U-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June) Oct 5, 2013 5:11:00 PM ![Mortgage Interest Rates](https://info.buyersbrokersonly.com/hs-fs/file-46360963-jpg/images/couple_laptop.jpg?width=200&height=299&name=couple_laptop.jpg)Average U.S. mortgage interest rates for 30-year, fixed rate loans declined for the third consecutive week, [USA Today](http://www.usatoday.com/story/money/personalfinance/2013/10/03/mortgage-rates/2914827/) reported Thursday October 3, 2013. Continued chaos in Washington D.C., some bleek economic news and the Federal Reserve's decision to continue purchasing mortgage-backed sercurities have resulted in rates dipping below mid August highs.  The 30-year, fixed rate mortgage loan averaged 4.22 percent this past week.  It was 4.57 percent in the week that ended September 12, 2012, but a year ago rates stood at 3.36 percent, according to data from Freddie Mac. The average rate on a one-year adjustable-rate mortgage loan was unchanged at 2.63 percent. The average rate on a five-year, adjustable-rate mortgage declined to 3.03 percent from 3.07 percent. Interest rates are not the only consideration for first-time home buyers. Home buyers should consider closing costs and [private mortgage insurance](https://www.buyersbrokersonly.com/buying/mortgage_insurance.htm) (PMI) when evaluating loan programs. Both [Massachusetts](https://www.buyersbrokersonly.com/buying/first-time-home-buyer-programs.htm) and [New Hampshire](https://www.buyersbrokersonly.com/buying/nh_housing_program.htm) home buyers have several first-time home buyer program options.  [![Learn About First-time Home Buyer Programs](https://no-cache.hubspot.com/cta/default/213639/b3cedbfd-4ede-4004-bc87-57a975b3688b.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/b3cedbfd-4ede-4004-bc87-57a975b3688b) Topics: [Mortgage Rates & News](https://info.buyersbrokersonly.com/blog/topic/mortgage-rates-news) [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=U.S.%20Mortgage%20Interest%20Rates%20Fall%20to%20Lowest%20Level%20Since%20June) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Finfo.buyersbrokersonly.com%2Fblog%2Fbid%2F340387%2FU-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June%3Futm_medium%3Dsocial%26utm_source%3Demail) ### [Blog Home](https://info.buyersbrokersonly.com/blog) ### Subscribe to this Blog ### Learn the Steps to Buying a Home in Massachusetts ### [![The Steps to Buying a Home](https://no-cache.hubspot.com/cta/default/213639/25735662-3637-4a46-8885-47ad1de2687d.png)](https://cta-redirect.hubspot.com/cta/redirect/213639/25735662-3637-4a46-8885-47ad1de2687d) ### Search Homes For Sale [![Search the latest home listings. 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