Mortgage rates edged down to their lowest level of the year, offering a dash of hope to prospective buyers who have been forced to the sidelines by elevated rates and home prices. The average rate on the standard 30-year fixed mortgage declined to 6.58%, according to a survey of lenders by mortgage-finance firm Freddie Mac That was a low not seen since October 2024 and down from 6.63% a week earlier. Mortgage rates tend to move loosely with government bond yields, which help set some borrowing costs across the economy.
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Mortgage Rates Slip to Lowest Level of 2025
Published 2 months ago
Aug 14, 2025 at 5:19 PM
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