Average US rate on 30-year mortgages eases to 3.85 percent

This June 4, 2015, photo shows a sign indicating a site has been sold in a new home development in Nashville, Tenn. Freddie Mac reports on average U.S. mortgage rates on Thursday, Oct. 1. WASHINGTON - Average long-term U.S. mortgage rates eased slightly this week, continuing at low levels to entice potential homebuyers.