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Mortgage Rates Drop to Lowest Level in 10 Months, Averaging 6.58%

Name: Mortgage Rates Drop to Lowest Level in 10 Months, Averaging 6.58%
Uploaded: 2025-08-14T15:00:00-07:00
Channel: NBC Palm Springs
Description: Homebuyers and homeowners looking to refinance are seeing relief as 30-year mortgage rates fall to their lowest point since October, driven by signs of a cooling job market.

By: CNN Newsource

August 14, 2025

mortgage rates August 2025Freddie Mac mortgage data30year fixed mortgagehome refinancing ratesFederal Reserve interest rate cut expectationsZillow housing marketSam KhaterKara Ng

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