Real Estate Market + Deal Recap August 19 2025
Market Stats
Rates: Mortgage rates eased slightly, with the 30-year fixed at 6.58% and the 15-year at 5.71% (lowest since Oct. 2024).
Demand: Mortgage applications rose 10.9% week-over-week, with refis up 23% and purchases up 1% weekly / 17% yearly. Adjustable-rate mortgages now make up nearly 10% of activity.
Supply: New listings climbed 6.4% y/y and active inventory is up 22% y/y to ~1.1M homes. Homes are spending longer on the market (6 extra days vs. last year), and median list prices are flat.
Macro backdrop: July CPI came in at +2.7% y/y, with shelter costs still rising modestly (+0.2%…
The skinny
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