Mortgage rates fall for sixth-straight week
Boston Condos for Sale and Apartments for Rent
Mortgage rates fall for sixth-straight week
August 30, 2025:
Today’s 30-year mortgage rate has stayed flat since yesterday, sitting at 6.41%. This puts the 30-year rate at its lowest point since early April. Most economists don’t expect mortgage interest rates to drop much more this year, so it could be a good weekend to lock in a rate and start house hunting.
____________________________________
Mortgage rates fall for sixth-straight week
Mortgage loan rates have fallen a quarter of a point over the past six weeks. Yippee!
RATES THIS WEEK: In Bankrate’s weekly mortgage rate survey, conducted every Wednesday, the average rate on a 30-year, fixed-rate mortgage fell 10 basis points, to 6.12 percent.
Freddie Mac’s weekly survey says the average 30-year fixed fell 5 basis points, to 6.1 percent. Bankrate’s and Freddie’s surveys use different methodologies and usually result in similar numbers, as they did this week.
Frank Nothaft, Freddie’s chief economist, says, “Over the last six weeks, long-term mortgage rates have dropped nearly a quarter of a percent in the face of little or no inflationary pressures. Our outlook for the housing industry continues to be that mortgage rates will remain affordable for the rest of the year at least, keeping the industry alive and well into the foreseeable future.”
Complete article: Mortgage Matters – by Holden Lewis, Bankrate.com
Contact me to find to set up an appointment to start your Boston condo buying process.
SEARCH BOSTON CONDOS FOR SALE
For more information please contact one of our on-call agents at 617-595-3712.
