Mortgage rates are based on bonds and bonds, and bonds have some seasonality to them. This doesn’t necessarily mean there’s a reliable seasonal pattern for the direction of rate movement. Rather, it means that several weeks in August tend to be fairly forgettable in terms of excitement, volatility, and methodical movement. The 2 most recent
Rate cut on the horizon? The federal funds rate hasn’t budged since December, when the Federal Reserve made the last of three consecutive cuts. But with the labor market cooling and inflation staying below 3% despite President Donald Trump’s tariffs taking effect, market observers are becoming increasingly bullish on a September cut. On Tuesday, the
Mortgage rates today are holding firm near 7%, deepening challenges for U.S. homebuyers. With fewer buyers in the market, listings are piling up—and taking longer than ever to sell. Current mortgage rate averages According to Zillow Home Loans, here’s where rates stand as of August 19, 2025: 30-Year Fixed: 6.375% (APR: 6.566%) 15-Year Fixed: 5.625%
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance increased to 6.58% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.51%. On a 20-year mortgage refinance, the average
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Grant Cardone has built a multibillion-dollar real estate empire, but he has no interest in owning the roof over his head. The outspoken investor, known for buying and managing thousands of rental units, chooses to rent his primary
Reza Ghazi is CEO of GreenFlow Financial Corp., overseeing the company’s operations and growth strategies. As artificial intelligence goes mainstream, agentic AI is a burgeoning technology that’s growing in popularity. Think of AI agents like algorithmic lenders, analysts and lawyers wrapped in one. By automating several aspects of the real estate buying process, computers can
Why bother with a mortgage when you have billions of dollars? Why even fill out a loan application for that matter when you can simply pay cash for any home on the market? Well, that’s probably why Jay-Z and Beyoncé’s decision to take on not one but two mortgages on their $88 million Bel Air
Listen to this article At a glance: 30-year mortgage rate at 6.58 percent, lowest since October Refinance applications surge 23 percent, strongest since April ARM applications jump 25 percent to highest level since 2022 Economists expect rates to stay above 6 percent this year The average rate for a 30-year U.S. mortgage has fallen to
Fixed mortgage rates fell for the second week in a row as markets bet on a September rate cut. The 30-year fixed-rate mortgage averaged 6.66% in the week ending Aug. 14, down four basis points from the previous week. The average 15-year fixed-rate mortgage fell seven basis points to 5.72%. A basis point is one
New Purchase Rate Averages as of Aug. 14, 2025 Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.69% -0.01 FHA 30-Year Fixed 6.65% +0.01 VA 30-Year Fixed 6.28% No Change 20-Year Fixed 6.34% No Change 15-Year Fixed 5.70% +0.04 FHA 15-Year Fixed 6.38% +0.06 10-Year Fixed 5.74% No Change 7/6 ARM 7.26% +0.02 5/6