Monday August 18, 2025
Mortgage Rates:
Rates eased further, with the 30-year fixed averaging around 6.51%–6.57%, the lowest level since October 2024. The 15-year fixed came in near 5.71%, while the 10-year Treasury yield held steady at 4.24%, helping keep mortgage pricing stable.
Demand Trends:
On the demand side, mortgage applications jumped almost 11% week over week, a strong sign that buyers and refinancers are responding quickly to lower rates. Refinance activity, in particular, surged to a four-month high, while purchase demand showed modest but notable improvement.
Housing Supply and Prices:
Existing-home…
The skinny
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