Story perspectives

Mortgage Rates Drop Again, Boosting Refinance Applications by 23%

8/16/2025

39 9

Summary

Story summary

Mortgage rates fell this week: 30-year fixed at 6.58%, 15-year at 5.71%, per Freddie Mac.
This is the fourth consecutive week of decline, with rates below 52-week averages.
Purchase applications increased by 1%, while refinance applications rose significantly by 23%.

1 of 1

Story summary

Mortgage rates fell this week: 30-year fixed at 6.58%, 15-year at 5.71%, per Freddie Mac.
This is the fourth consecutive week of decline, with rates below 52-week averages.
Purchase applications increased by 1%, while refinance applications rose significantly by 23%.