August Real Estate Roundup

"Mortgage rates are at a 10-month low. Purchase demand continues to rise on the back of lower rates and solid economic growth. Though many potential homebuyers still face affordability challenges, consistently lower rates may provide them with the impetus to enter the market." • 30-year fixed-rate mortgage (FRM) averaged 6.56 percent for the week ending August 28, 2025 down from last month when it averaged 6.72 percent. A year ago, at this time, the 30-year FRM averaged 6.35 percent. • 15-year FRM this week averaged 5.69 percent, down from last month when it averaged 5.85 percent. A year ago, at this time, the 15-year FRM averaged 5.51 percent.