---
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.
---

[Massachusetts Home Buyer Guide, First-time Homebuyer Tips, Advice MA ](https://info.buyersbrokersonly.com/blog)

# [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)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Oct 5, 2013 9:11:00 PM

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. 

[View full post](https://info.buyersbrokersonly.com/blog/bid/340387/U-S-Mortgage-Interest-Rates-Fall-to-Lowest-Level-Since-June)

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