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
Mortgage rates this week for a 30-year fixed loan decreased to the lowest rates since last October, coming in at 6.58%, down from 6.63% last week. So what impact does this have on your monthly mortgage payment? And what does this mean for homebuyers? Here’s the monthly cost of purchasing a typical home today, according
The Supreme Court on Thursday refused for now to block enforcement of a Mississippi law aimed at regulating the use of social media by children, an issue of growing national concern. The justices rejected an emergency appeal from a tech industry group representing major platforms like Facebook, X and YouTube. NetChoice is challenging laws passed
Mortgage rates fell to a 10-month low on Thursday, extending last week’s decline and offering further relief to homebuyers—but remained in the high 6% range after a mixed inflation report. The average rate on 30-year fixed home loans was 6.58% for the week ending Aug. 14, down from 6.63% the previous week, according to Freddie
More than 4 in 5 U.S. homeowners with outstanding mortgages are fortunate to have locked in a rate below 6%—and they are in no rush to sell or even refinance in the current climate of uncertainty. One of those owners is Annabelle Frazier, Ph.D., an assistant professor at the University of Southern Mississippi School of
As of today (August 14, 2025) mortgage rates remain elevated to historical standards continuing to pressure buyers. However, the market is cooling. Today’s 30-year fixed rate stands at 6.375%, while the 15-year fixed is 5.5%—unchanged from earlier this week. Current mortgage rate averages Zillow Home Loans has listed the following as average rates: 30-Year Fixed:
According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%, marking a new year-to-date low. With Federal Reserve Chair Jerome Powell under tremendous pressure to lower the Fed funds rate, he finally has the cover to do so with the last jobs report. However, as always, the bond market tends to
Tom Espiner BBC business reporter Getty Images The average two-year mortgage rate has dipped below 5% for the first time since former Prime Minister Liz Truss’s mini-budget in September 2022, figures show. The rate has dropped to 4.99%, according to Moneyfacts, which described it as a “symbolic turning point” for homebuyers and shows lenders are
The number of people securing a home loan increased 10.9% for the week ending Aug. 8, according to the Mortgage Bankers Association. This marks the second week in a row the demand for mortgage applications grew. The surge in applications comes as the mortgage interest rate on a 30-year fixed home loan was 6.63% for