Key Metrics
14.13
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-22
Key Impacts
Positive Impacts (3)
Negative Impacts (1)
Event Overview
Stability in mortgage rates reflects ongoing patterns in financial markets, potentially signaling shifts in borrowing behaviors and consumer confidence in the housing sector. Fluctuations in lending rates can indicate wider economic trends, influence refinancing decisions, and contribute to shifting demand in real estate markets. Such data points serve as key indicators for policymakers and stakeholders gauging the health and direction of the national economy.
Collect Records
30-Year U.S. Mortgage Rate Holds Steady at 10-Month Low
The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, according to mortgage buyer Freddie Mac. The long-term rate was unchanged from last week at 6.58%. A year ago, the average rate was 6.46%. Borrowing costs on 15-year fixed-rate mortgages, which are popular with homeowners refinancing their home loans, edged lower. The average rate for a 15-year mortgage dropped to 5.69% from 5.71% last week. A year ago, it was 5.62%, Freddie Mac reported. Stubbornly high mortgage rates have contributed to a sales slump in the U.S. housing market since early 2022. Home sales last year sank to their lowest level in nearly 30 years and have remained sluggish this year. For much of this year, the average rate on a 30-year mortgage has hovered near its 2025 high of just above 7%, set in mid-January. Since last week, the average rate has remained at its lowest since October 24, when it was 6.54%.