💨 Abstract

The article discusses how mortgage rates in the U.S. saw a rare decline, with the 30-year fixed-rate mortgage averaging 6.58% by August 14, 2025, the lowest since October. This drop comes amid expectations of a Fed rate cut in September due to a slowing job market. While this could revive housing market activity, it is too early to tell. Improvements in purchase mortgage applications indicate a slight uptick in buyer interest.

Courtesy: WTOP Staff