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Mortgage Rates Drop Slightly, Future Cuts Unlikely

8/10/2025

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Summary

Story summary

The average 30-year fixed mortgage rate is now 6.48%, down from 6.65% last week.
A 15-year fixed mortgage averages 5.44%, decreased from 5.68% last week.
Jumbo mortgage rates have fallen to 6.67%, down from 6.92%.
Mortgage rates are significantly influenced by economic conditions and Federal Reserve policies.
Expect minimal reductions in rates in the near term.

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Story summary

The average 30-year fixed mortgage rate is now 6.48%, down from 6.65% last week.
A 15-year fixed mortgage averages 5.44%, decreased from 5.68% last week.
Jumbo mortgage rates have fallen to 6.67%, down from 6.92%.
Mortgage rates are significantly influenced by economic conditions and Federal Reserve policies.
Expect minimal reductions in rates in the near term.