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2025.08.0716:07:28UTC+00US 30-Year Mortgage Rate Eases to 4-Month Low

As of August 7th, the average rate for a 30-year fixed mortgage backed by Freddie Mac decreased by 9 basis points from the previous week, settling at 6.63%. "This represents the lowest rate since April," noted Sam Khater, Freddie Mac's chief economist. "The decline in rates enhances the purchasing power for prospective homebuyers, and Freddie Mac research indicates that obtaining quotes from multiple lenders can lead to significant savings for buyers."

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