The average rate on the 30-year fixed mortgage sank 16 basis points on Friday to 6.29%, according to Mortgage Daily News.
30-year mortgage rate holds steady at lowest level in nearly 10 months
BY ALEX VEIGA AND ASSOCIATED PRESS
August 22, 2025
A weak housing market could deliver rate cuts and rescue the Fed from Trump
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The average rate on the 30-year fixed mortgage sank 16 basis points on Friday to 6.29%, according to Mortgage Daily News.
The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged…
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