August 2, 2025

Christopher Waller—dissented

Mortgage

Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts

Mortgage rates trended slightly downward on Thursday after the Federal Reserve held firm on its rate policy, maintaining a wait-and-see stance despite mounting political pressure. The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down just slightly from 6.74% last week, according to Freddie Mac. Rates averaged 6.73%

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