Mortgage rates held steady this week, with the 30-year fixed rate averaging 6.30%. The 15-year and 30-year jumbo rates also remained stable. Discount and origination points play a role in mortgage rates, with an average of 0.34 points this week.

The national median family income for 2025 is $104,200, with the median price of an existing home at $409,200. A 20% down payment and 6.30% mortgage rate result in a monthly payment of $2,026, around 23% of the typical family’s income.

The U.S. economy expanded by 4.3% in the summer months, according to the Commerce Department’s delayed third-quarter GDP report. Good economic news like this typically leads to higher mortgage rates, as investors shift money from bonds to stocks.

Economic growth and inflation may keep mortgage rates at 6.4% for 2026, according to the Mortgage Bankers Association. While some predict rates to dip below 6%, the association remains cautious due to the strong economy and inflation indicators.

Read more at Yahoo Finance: Mortgage rates hold steady after Fed rate cut