Key Metrics
14.35
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-23
Key Impacts
Positive Impacts (6)
Event Overview
Stable interest rates in the mortgage sector reflect ongoing market balance despite subdued lender activity. The persistence of historically low borrowing costs suggests continued efforts by financial institutions to maintain accessibility for homebuyers. Periods of minimal rate fluctuation may indicate market uncertainties or cautious optimism, affecting application volumes and overall housing demand. Such trends often signal broader macroeconomic stability or policy influences within the real estate finance sector.
Collect Records
US Mortgage Rates Hold at 10-Month Low Since October 2024
Mortgage rates in the United States have remained at their lowest level since October 3, 2024. The average top-tier 30-year fixed mortgage rate matched the best levels seen since that date. For the 11th straight business day, mortgage rates have been very close to the levels from the end of the previous day. Over the past week, there has been little change, and mortgage application activity eased last week but not in a statistically significant way. Mortgage rates hit fresh long-term lows yesterday, while mortgage application activity surged last week as the lower rates boosted refinance demand and gave purchase applications a modest lift. The National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) dipped one point, indicating continued subdued builder sentiment. The latest Residential Construction report from the Census Bureau showed overall housing starts climbed 5.2% in July to a rate of 1.428 million.