Mortgage Rates Decline to Lowest Level Since April
WRE NEWS August 11, 2025
Buyer
WRE NEWS August 11, 2025
Buyer
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%.
The 15-year fixed-rate mortgage averaged 5.75%, down from last week when it averaged 5.85%. A year ago at this time, it averaged 5.63%.
“The 30-year fixed-rate mortgage dropped to its lowest level since April,” said Sam Khater, Freddie Mac’s chief economist. “The decline in rates increases prospective homebuyers’ purchasing power and our research shows that buyers can save thousands by getting quotes from a few different lenders.”
Separately, – Fannie Mae (OTCQB: FNMA) today published the results of its July National Housing Survey, which includes the Home Purchase Sentiment Index (HPSI), a measure of consumer sentiment toward housing. For July, the HPSI increased 2.0 points month-over-month to 71.8. Year-over-year, the HPSI is up 0.3 points.
Stay up to date on the latest real estate trends.
Buyer
August 12, 2025
Everyone has their way of organizing, both in their personal lives and their professional ones.
Lifestyle
August 12, 2025
Some people live to be 100 or older still.
Buyer
August 11, 2025
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey publish… Read more
Lifestyle
August 11, 2025
Sundays are meant to be a day of rest.
Seller
August 11, 2025
Cutting out the agent might seem like a smart way to save when you sell your house.
Buyer
August 9, 2025
If there is one thing that seemingly makes everyone, of all ages, giddy, it's the act of receiving a beautifully wrapped present.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today