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
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
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:
The Berkshire Hathaway U.S. Real Estate Market Forecast highlights the uncertainty in the housing market influenced by world events and financial market fluctuations. The report discusses the impact of mortgage rate changes for 2026 and the potential relief for homebuyers in the coming years. FULL STORY: Warren Buffett’s Berkshire Hathaway Shares Mortgage Rate Forecast for
Across all ages, 56% said refinancing to a lower mortgage rate is important or extremely important to their financial health, while 25% called it “extremely important.” “These findings reveal a generation of homebuyers who are taking significant financial risks in today’s market,” said Ethan Winchell, co-founder and president of Truework. “While homeownership remains a priority,
As of August 12, 2025, mortgage rates remain largely unchanged, with the 30-year fixed rate sitting at 6.5% and the 15-year fixed at 5.625%, according to Zillow Home Loans. While steady, these rates are still high enough to keep many buyers—and sellers—out of the market. In a recent earnings call, Zillow’s leadership painted a bleak
6 terms to know before you start house hunting In the housing market, here are some terms to know before you jump in and get your heart set on a dream home. For more information, visit the Federal Trade Commission website, FTC.gov. Capitol Federal Savings Bank is shifting its focus from home mortgages to commercial
As of Monday, August 11, 2025, average U.S. mortgage rates remain steady, with the 30-year fixed rate at 6.5% and the 15-year fixed at 5.5%, according to Zillow Home Loans. Adjustable-rate options, such as the 7-year ARM, are averaging 6.875%. These rates are largely unchanged from last week, reflecting a holding pattern in the housing
The demand to finance a home surged as mortgage applications increased 3.1% for the week ending August 1, according to the Mortgage Bankers Association. The increase comes after applications decreased 3.8% the week prior. In addition, mortgage interest rates remained fairly steady at 6.72% for a 30-year fixed mortgage, for the week ending July 31, according